Nickel stocks fall as price continues to climb
The report period Aug. 21-25 was a lethargic one, characterized by rangebound trading for base metals markets.Nickel was the only major market in which trading showed any clear sign of direction. The …
Articles by Northern Miner Staff
Analysts ponder fate of copper companies
The battle for control of Rio Algom (rom-t) is keeping mining analysts busy in what would otherwise be a quiet Canadian summer. Talk on the street is that Noranda (nor-t) will boost its $24.50-per-sha…
Can-Cal
BHP World Minerals, a division of Broken Hill Proprietary (BHP-N), will join Caledonia Mining (CAL-T) in exploring the Kalimba copper-cobalt properties in the Zambian copperbelt.BHP can earn an initia…
River runs red in quarter
Higher production costs left River Gold Mines (RIV-T) with a loss of $1.6 million (or 5 per share) in the three months ended June 30.River, which took in revenue of $8 million during the quarter, los…
MEETINGS (September 04, 2000)
Sept. 6 Goldhunter — annual, general, special; 4:15 p.m., Ont. Club, Commerce Court South, TorontoSept. 7 Aurado Expl. — specialSept. 7 Trans Hex — annual, special; 10 a.m., Ste. 2100,…
EVENTS (September 04, 2000)
Sept. 13-15 16th Canadian Tunnelling Conference — Organizer: Tunelling Association of Canada. Delta Centre-ville Hotel, Montreal, Que. Contact: France Goupil. Fax: (514) 521-4128. E-mail: gprmtl@…
Billiton outbids Noranda offer
An international takeover battle for Rio Algom (RIO-T) is brewing in the form of a $1.7-billion offer by British conglomerate Billiton. The bid trumps an earlier one by Noranda (NOR-T) to the t…
Pacific NW Capital kicks off next exploration phase
Surface-stripping and rock-sampling by Pacific North West Capital (PFN-V) at the River Valley platinum-palladium property, near Sudbury, Ont., have uncovered mineralized breccias.The program is focuse…
Atna walks from Cobalt deal
Junior Atna Resources (ATN-T) has terminated a letter-of-intent to acquire a half-interest in the Madison Cobalt project, in southeastern Missouri, from U.S. Cobalt (USC-V).Based on its due diligence …
Klipspringer gets nod
A long-anticipated feasibility study on the Klipspringer diamond project in South Africa envisions a 336,000-tonne-per-year operation cranking out 1.69 million carats over 11 years.Since 1997, Souther…
NAP on winning streak
Once awash in red ink, North American Palladium (PDL-T) has turned the corner to become a highly profitable junior producer.Net earnings in the three months ended June 30 topped $11.7 million (or 82 …
New world order
Competing takeover bids for base metal producer Rio Algom can’t have come as a surprise to too many industry-watchers. For three years now, the seers have been predicting consolidation in both the bas…