PEOPLE (December 20, 1999)
Crown Butte — Karl Elers appointed president.Dayton — Scott Brunsdon appointed senior vp and CFO.DiamondWorks — Robert Rainey appointed acting president and CEO; John Firth appointed d…
Articles by Northern Miner Staff
No Headline (December 20, 1999)
Asleep at the switch
In the early 1990s, he devoted his energies to stopping development of diamond deposits in Canada’s Northwest Territories, thankfully without success. Now John Turner has warned the world that Canada …
Porcupine camp active after post-war doldrums
Mining companies at the Porcupine gold camp in Ontario are gaining the upper hand on production rates, which dwindled during the war. New discoveries at operating mines, the return of the workforce fr…
IOCC founded, plans to raise millions for Quebec mines
The newly formed Iron Ore Company of Canada vows to raise $160 million to develop the infrastructure needed to mine the vast ore fields of northern Quebec and Labrador. As part of the deal between the…
Billiton widens search for metals
Strong showings of polymetallic mineralization have prompted London-based Billiton to ink a deal with Altius Minerals (ALS-V) on that company’s Taylor Brook property in western Newfoundland.Billiton w…
Resurrection in store for Royal Oak
Better small than nothing at allIn exchange for shares, creditors of Royal Oak Mines have agreed to restructure, rename and seek a new public listing for the defunct company. Only non-voting shares of…
Superconductors race with silver
Electric power losses in heavy-duty motors caused by resistance in wires is a major problem for utility companies and consumers. These losses amount to nearly 60% of total power consumption and requir…
EVENTS (December 13, 1999)
Jan. 23-24 Cambridge House Int’l — “Vancouver Investment Conference.” Hotel Vancouver, Vancouver, B.C. Phone: (604) 227-7722.Jan. 25-28 B.C. & Yukon Chamber of Mines — “Cordilleran Geology and Explo…
Northern Orion restructures debt with Miramar’s help
Vancouver — Northern Orion Explorations (NNO-T), further in the red following a series of writedowns attributed to its Mantua gold operation in Cuba, has arranged a refinancing with parent Miramar Mi…
CDNX bullish after first week jitters
Vancouver — After stumbling out of the starting gate last week, the new Canadian Venture Exchange (CDNX) index managed to gain some momentum, posting a gain of 46.93 points, or 2.4%, to finish the we…
Rough ride for gold
Denver — Fallout from the Bank of England’s gold auction, combined with a decision by the Dutch government to sell 300 tonnes of gold, sent the market on a roller-coaster ride for the report period e…