Indonesia sells stakes in companies for cash
American brokerage houses Lehman Brothers and Goldman Sachs have reached an agreement with the new government of Indonesia to assist in the partial privatization of 12 state-controlled companies.The g…
Articles by Northern Miner Staff
Golden Star boosts Guyanor
Golden Star Resources (GSR-X) has agreed to accept shares from Guyanor Ressources (GRL.B-T) as repayment of debt.The transaction increases to 71% Golden Star’s stake in the French exploration company….
DIAMOND PAGE — Trivalence boosts production
With its new 14-ft. commercial pan plant up and running, Trivalence Mining (TMI-V) continues to crank out diamonds at its 85%-owned Aredor alluvial operation in Guinea, West Africa.For the month of Ma…
Grayd advances Alaskan properties
Slumping metals prices and weak equity markets have not deterred Grayd Resources (GYD-V) from pursuing its impressive portfolio of properties in the Bonnifield and Delta districts of Alaska.”We’ve bee…
NEWS ROUNDUP — Financing benefits Velardena
In a move aimed at accelerating production from the Velardena gold-silver mine in Durango state, Mexico, a group of investors represented by Global Equities has acquired a block of ECU Gold Mining (EC…
BASE METALS — Rio Algom forges ahead in copper quest
Once known principally for its production of uranium, Rio Algom (ROM-T) is steadily earning a reputation as a major producer of copper.Last year, while addressing shareholders at the company’s annual …
BASE METALS — Insular explores for Sierra Madre gold
An exploration program has kicked into gear at the El Diamante project in Mexico’s Sierra Madre gold belt.Insular Explorations (ISX-V), which is acquiring a 70% working interest in the gold-silver pro…
DIAMOND PAGE — Snap Lake diamonds yield high valuations
Diamonds recovered from the NW Snap Lake dyke on the Camsell Lake property have yielded the highest carat values ever reported in the Northwest Territories.Three independent valuations were carried ou…
BASE METALS — Redfern Resources gearing up to develop Tulsequah Chief deposit
Having been granted the legal right to begin developing the past-producing Tulsequah Chief polymetallic mine, Redfern Resources (RFR-V) is gearing up for a 2-year development and construction program….
BASE METALS — Niocan gets thumbs-up for niobium project
Based on a positive feasibility study, Niocan (NIO-M) intends to proceed with development of an underground niobium mine and processing plant west of Montreal.The wholly owned project, situated in the…
BASE METALS — Gold not only treasure in Ontario
Northern Ontario may be recognized as having some of the most prolific gold camps in the world, but numerous junior companies are striking deals and seeking out the province’s substantial base metal r…
BASE METALS — Maluku base metal project a prospecting triumph
Half a world from their Newfoundland homes, prospectors working for Inco (N-T) and Indo Metals (IOM-V) are proving that mineral exploration is indeed a high-tech industry, and that the highest technol…