BHP pulls plug on mines
Australia’s Broken Hill Proprietary (BHP-N), the second-largest copper producer in the world, will close its North American operations as a result of persistently low prices for the red metal.The anno…
Articles by Northern Miner Staff
Ventures resumes work
Alaskan-focused Ventures Resource (VRS-V) continues to explore the 1,500-sq.-mile Veta property, east of the Pogo discovery in the east-central part of the state.The 1999 program, budgeted at $2.3 mil…
TSE INDICES (July 05, 1999)
1999Jun. 29Jun. 28Jun. 25Jun. 24Jun. 23HighLowCom…
TVX-Normandy JV gets thumbs-up
TVX Gold (TVX-T) and Normandy Mining (NDY-T) have formed a joint venture to explore for gold in the Americas.The partnership, announced in April (T.N.M., May 3/99), sees the creation of TVX Normandy A…
Newmont Mining follows Yamana Resources to Paraguay
Newmont Mining (NEM-N) has signed an agreement with Yamana Resources (YRI-T) to begin exploring for gold in Paraguay.The major will spend US$5 million over six years to earn a 70% interest in the Para…
EDITORIAL & OPINION — ODDS ‘N’ SODS — In record time
I recently had the privilege of renewing contact with George and Lois Jewett and the family of Merv Upham. I first met them in the 1950s, during the glory days of the development of ten uranium mines …
LETTER TO THE EDITOR — Reader disputes Pakeagama Lake claims
We note with interest the recent exchange of letters between John Cumming and Donald Bubar in the June 14-29 issue of The Northern Miner, regarding the claims made for the Pakeagama Lake pegmatite dis…
MOST ACTIVE ISSUES, June 16-22
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METAL PRICES (June 28, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateJune 22June 21June 18June 17…
Westward, MacMillan test target in Peru
A drill program funded by Westward Explorations (WWE-V) will test MacMillan Gold’s (MMG-T) Armonia gold property in central Peru.Westward can earn a 50% interest in the project from MacMillan. This ye…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Low gold pulls down producers
The Dow Jones industrial average climbed 126.64 points (1.2%) to reach 10,721.63 over the report period ended June 22. But the continued strength of the American economy did nothing to stop gold’s sli…
SouthernEra tests Camafuca pipe in Angola
Results from a 1998 drill campaign at the Camafuca diamond property in Angola’s Lunda Norte province suggest that the kimberlite may be richer than previously thought.SouthernEra Resources (SUF-T), wh…