Phelps Dodge slashes production (July 12, 1999)
Following a host of mine closings in the copper industry, Phelps Dodge (PD-N) has announced production cuts and restructured its wire and cable business.The Phoenix, Ariz.-based company plans to decre…
Articles by Northern Miner Staff
Major General eyes Spider Lake
Junior Major General Resources (MGJ-V) continues to search for polymetallic mineralization at its Spider Lake project in northwestern Ontario.Efforts are focused on a high-chargeability and low-resisi…
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…
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…
TSE INDICES (July 05, 1999)
1999Jun. 29Jun. 28Jun. 25Jun. 24Jun. 23HighLowCom…
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…
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…
Meetings (July 05, 1999)
July 5 Celtic July 5 Jourdan July 6 Blue Gold July 6 Melanesian July 6 Telford July 7 Victory July 8 Fairhaven July 8 Kicking Horse July 8 Polymet July 8 Rhonda July 8 Ste-Genevieve July 9 Bren-Mar Ju…
Cross Lake finds new horizon
Drill-testing of down-hole conductors has led to the discovery of a second zinc-silver horizon at the Sheraton massive sulphide project in Timmins, Ont., reports Cross Lake Minerals (CRN-V).Starting 6…
DIAMOND PAGE — Kennecott seeks diamonds near Wawa
Encouraged by northern Ontario’s newfound diamond potential, Kennecott Canada Exploration has signed a deal to earn majority interests in properties comprising more than 200,000 ha near the town of Wa…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Winspear leads as VSE posts modest gains
During the holiday-shortened report period ended June 28, the Vancouver Stock Exchange composite index tacked on 5.75 pointts, or 1.35%, to close the week at 430.48. The mining index rose 3.70 points,…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Firmer metals propel producers
The Dow Jones industrial average fell slightly during the report period ended June 28, closing down 66.48 points, or 0.6%, at 10,655.15.Metal producers perked up as the price of both copper and gold s…