DIAMOND NEWS ROUNDUP — Redaurum gem sets record
Toronto-based Redaurum (RRK-T) reports that its 28.2-carat, gem-quality Colorado diamond has been cut and polished, yielding a 16.86-carat, cushion-cut, white stone that will soon be offered at auctio…
Articles by Northern Miner Staff
DIAMOND PAGE — De Beers strikes deal with Russians
South Africa-based De Beers Consolidated Mines (DBRS-Q) has concluded a trade agreement with the Russian government and mining industry on the export and sale of Russian rough diamonds to the company’…
Stock prices rally in Toronto, New York Bargain-hunters rush in, following market crash
After several days of losses in stock markets around the world, stock prices began to rally on Oct. 28.The recovery was fuelled first by announcements that a number of large companies were planning to…
Westmin, Atna concerned over selenium at Wolverine
High selenium content could hinder the economic potential of the Wolverine volcanogenic massive sulphide deposit in the southeastern Yukon.Partners Westmin Resources (WMI-T) and Atna Resources (ATN-T)…
Pentland raises funds
Toronto-based Pentland Firth Ventures (PF-T) has raised $1.6 million by issuing 1.5 million flow-through shares to Kinross Gold (K-T).The shares, which are subject to a 1-year holding period, boost Ki…
ODDS ‘N’ SODS — Canadian back bacon
Every Canadian geologist has, at one time or another, obstinately argued that a particular chunk of muskeg or tundra he had walked over had the worst bugs in the world.Those who have worked outside of…
STOCK MARKETS — Few escape unscathed as crash KOs western markets — VSE struggles to recover from Hong Kong-triggered ‘severe correction’
The Vancouver Stock Exchange composite index fell 71.08 points, or 8.5%, to 762.36 over the report period ended Oct. 28. The mining index plummeted 81.86 points, or 11%, finishing at 662.75 points. Th…
STOCK MARKETS — TSE shows signs of recovery following bout of Asian flu — Mining sector takes double hit as gold, base metal prices dive
The Toronto Stock Exchange took the same punishment as most of the world’s stock exchanges over the period Oct. 22-27, but rebounded strongly on Oct. 28 to claw back some of the losses. The TSE 300 co…
Boliden featured at CIM meeting
Bengt Lofkvist, vice-president of exploration and business development for Boliden, will be the guest speaker at the Nov. 20 luncheon hosted by the Toronto branch of the Canadian Institute of Mining, …
Aussie nickel deposit now under development
The Murrin Murrin nickel and cobalt deposit in Western Australia is under development and scheduled to be commissioned in the fourth quarter of 1998.Development will be carried out in two stages. At t…
Study shows potential at Armada’s Baley
An independent feasibility study shows that Armada Gold (AAU-T) is on the road to profitability at its Baley project in southeastern Russia.Armada, through its Russian subsidiary, has an 85% interest …
LME WHSE LEVELS (November 03, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Oct. 27/97 (change from previous week in brackets):MetalStock(tonnes)Change…