William Resources warms up printing press
On July 30, debenture-holders of William Resources (WIM-T) will vote on whether or not to convert their notes into 245 million shares and thus assume 70% of the company’s resulting equity.The proposal…
Articles by Northern Miner Staff
Newmont boosts output
Newmont Mining (NEM-N) has upped its production forecast at South America’s largest gold mine.The Denver-based company now estimates that the Yanacocha mine in northern Peru will produce 1.6 million o…
GREATEST VALUE TRADED, July 7-13, 1999
ExchgVal($000’s)HighLowCloseChangeAlcoa*N439481…
EDITORIAL & OPINION — COMMENTARY – Sales will harm African miners
Dear President Clinton,South Africa has inaugurated its second democratically elected president, Thabo Mbeki. Among the challenges he faces is the terrible shock tohis country’s economy caused by the …
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Slumping gold sinks producers
The Dow Jones industrial average posted a new high of 11,175.02 for the July 7-13 report period, with a modest climb of 39.9 points, or 0.4%.Gold companies edged downward as the price slumped to new l…
Nord sells interest in Sierra Rutile
Nord Resources (NRD-N) is selling its half-interest in Sierra Rutile, the now-dormant heavy mineral sands operation in Sierra Leone.The asset will be acquired by MIL Investments, Nord’s largest shareh…
LME WHSE LEVELS (July 19, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 13/99 (change from July 6 in brackets):MetalTonnes(tonnes)Change…
Companies (July 12, 1999)
Aber ResourcesAfrioreAlta GoldArabian Shield DevelopmentArchon MineralsAsarcoAshanti GoldfieldsAtna ResourcesBanro ResourceBarrick GoldBattle Mountain GoldBHP DiamondsBolidenBroken Hill ProprietaryCam…
Meetings (July 12, 1999)
July 12 AppalachesJuly 12 AubetJuly 12 CliftonJuly 12 Molycor GoldJuly 12 VerdstoneJuly 12 Western TroyJuly 12 Windy MountainJuly 13 CristobalJuly 13 SerengetiJuly 14 BattlefieldJuly 14 MirandorJuly 1…
TVI lures Japanese firms to Canatuan
Two Japanese companies have taken an interest in the Canatuan polymetallic project of TVI Pacific (TVI-T).Situated on the Philippine island of Mindanao, the property hosts oxide resources of 935,500 t…
EDITORIAL & OPINION — FACTS ‘N’ FIGURES — Zinc holding its own
In 1998, an estimated $236 million was budgeted for worldwide zinc exploration, a 13% decline from the year before. Although exploration budgets are being cut significantly again this year, the relati…
Winspear releases Snap Lake estimates
The total in situ “global tonnage” resource for the NW Snap Lake kimberlite dyke is estimated at 23.4 million tonnes, with an average vertical thickness of 2.44 metres.Snap Lake is part of the Camsell…