IMF chief backs gold sale to aid poor countries
Michel Camdessus, managing director of the International Monetary Fund (IMF), is the latest to show his support for a plan to sell nearly 10 million oz. of gold to help debt-ridden poor countries.The …
Articles by Northern Miner Staff
Teck to fund Western Copper project — Proceeds earmarked for San Nicolas, Penasquito, San Jeronimo
In return for taking down a $2.2-million financing of Western Copper Holdings (WTC-T), joint-venture partner Teck (TEK-T) will have the option of purchasing an additional 5% interest in the El Salvado…
British firm fights Kazakstani court
The second round of a legal dispute between Kazakstan and Britain’s Trans World Group has begun in a London courtroom.The dispute began in November 1998 when Kazakstan’s Supreme Court ruled that in 19…
MOST ACTIVE ISSUES, March 24-30
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Sunshine boosts reserves at Pirquitas
Sunshine Mining & Refining (SSC-N) has increased proven and probable reserves at the Pirquitas silver property in northwestern Argentina.The figure now stands at 116 million oz. silver within 23.9 mil…
PEOPLE – Miramar
Anthony Walsh appointed interim president, CEO and director.
Viceroy to acquire interest in NovaGold — Priority given to properties with long-life reserves
Viceroy Resource (VOY-T) has agreed to sell its interests in 22 grassroots exploration properties in the Yukon to NovaGold Resources (NRI-T) in exchange for 3.4 million of its shares, representing jus…
LME WHSE LEVELS (April 05, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar. 30/99 (change from Mar. 23 in brackets):MetalStocks (tonnes)Change…
Raymor confirms lithium grade
Bulk-sampling by Raymor Resources’ (RAR-A) at the La Motte lithium property has confirmed previous estimates of lithium grade.The Centre de Recherches Minrales du Qubec analyzed a 50-tonne sample co…
Energold points to solid values at Longyear
The latest drill results are adding momentum to Energold Mining’s (EGD-V) attempts to outline gold-copper-silver mineralization at the Longyear property in the Dominican Republic.The company will dril…
EDITORIAL & OPINION — Gold sales would harm world’s poor — IMF folly
United States President Bill Clinton likes the idea, and so does Vice-President Al Gore. U.S Treasury Secretary Robert Rubin also favours the idea of encouraging the International Monetary Fund (IMF) …
EDITORIAL & OPINION — NEW HORIZONS — Social duties the next challenge
The village women arrived early. They climbed on to the drill rig and detached the water line, forcing the driller to stop the machine. They then moved down to the geologists’ office and presented him…