Monopros walks from Alberta JV
Monopros, the Canadian subsidiary of De Beers Consolidated Mines (DBRS-Q), has pulled out of a joint venture with Troymin Resources (TYR-A) following an unsuccessful drill program in the Buffalo Hills…
Articles by Northern Miner Staff
Rio boosts production, cuts costs
A 50% increase in copper production and an 18% reduction in cash costs helped Rio Algom (ROM-T) stay in the black last year despite a 29% drop in the average price of the red metal.The major reported …
DIAMOND NEWS — Mountain Lake advances Klipgat
Mountain Lake Resources (MOA-V) has approved plans for alluvial mining at its Klipgat 18 concession in South Africa.Exploration at the property, situated on the Mooi River in Transvaal province, outli…
SouthernEra resumes search for Yuryi source
Toronto-based SouthernEra Resources (SUF-T) is continuing its search for the source of diamond-bearing boulders found near the shore of Munn Lake at the Back Lake project in the Northwest Territories….
DIAMOND NEWS — Namibian first lady honoured
Namibia’s first family was on hand at the christening of the MV Kovambo, a mining ship owned by Namibian Minerals (NMR-T) and named after the country’s first lady.More than 200 people attended the cer…
De Beers options AfriOre ground
AfriOre (AFO-V) has farmed out two of its projects in Botswana to a division of De Beers Consolidated Mines (DBRS-Q).In the Kokong project, where AfriOre holds a 58% interest and Billiton the balance,…
NEWS IN BRIEF (March 01, 1999)
Jopec Resources (JPR-V) has changed its name to Fortuna Ventures (FVI-V) on a 1-new-for-7-old-share basis.
Meetings (March 01, 1999)
March 1, Curran BayMarch 2, Int’l DatashareMarch 3, WindarraMarch 9, Cons. AbitibiMarch 9, IntertechMarch 9, LakewoodMarch 9, MustangMarch 9, RamarroMarch 10, Harvey CreekMarch 10, MacMillanMarch 10, …
Battle Mountain writes off stake in Lihir — More gold produced at Golden Giant, Kori Kollo
To fund development projects in the U.S., Battle Mountain Gold (BMG-N) will dispose of its interest in the Lihir gold mine in Papua New Guinea.The company holds an 8.65% interest in the mine’s owner, …
Profits, hedging buoy Placer Dome
With gold production reaching a record high and cash costs falling to a record low, Placer Dome (PDG-T) bucked the industry trend and recorded a strong financial and operating performance for 1998.The…
Drill results keep AG in spotlight
While drilling continues, along with discussions with major mining companies, Argentina Gold (ARP-V) has released an updated resource estimate for two targets at its 60%-owned Veladero gold-silver pro…
Nevsun to sell Kubi to Ashanti Goldfields
African producer Ashanti Goldfields (AHD-T) will pay Nevsun Resources (NSU-T) US$1.8 million, in addition to a production royalty, for surface rights to the Kubi gold project in Ghana.Nevsun owns 100%…