PEOPLE — ABADDON
David Duval appointed director.
Articles by Northern Miner Staff
Canyon Resources recognized for mine site reclamation work
The U.S. government has awarded Canyon Resources the Health and Land award for its reclamation efforts at the Kendall open-pit gold mine site in central Montana.The work resulted in the reintroduction…
Inco to sell alloys division in deal worth over US$400 million
In a US$410-Million deal with Blackstone Capital, a merchant banking firm based in New York City, Inco will sell off its alloys division.The nickel giant intends to sell Inco Alloys International (IAI…
World demand for gold higher than in past years — Developing markets account for much of rise
Gold demand for the first three months of the year was 17% higher than in the same period in 1996, according to a survey conducted by the World Gold Council.The record figures were bolstered by demand…
Perron deposit expands following drilling by Coleraine
Rouyn-Noranda, Que.-based Coleraine Mining Resources (CRI-M) has confirmed the presence of two gold-rich zones on the Perron property, 12 km west of Normetal in northwestern Quebec.The first phase of …
DIAMOND PAGE — Drilling programs test AfriOre diamond properties
A 3,000-Metre drill program by BHP Minerals is testing the Gope diamond project in Botswana, reports junior partner AfriOre (AFO-V).The program is testing targets identified during a recent geophysica…
LionOre pulls hot hole in Western Australia
Infill drilling by LionOre Mining International (LIM-T) returned one of the best nickel sulphide intersections achieved to date at the Maggie Hays deposit in Western Australia.Diamond drilling returne…
METAL PRICES — Daily Metal Prices (June 30, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateJune 24June 23June 20June 19J…
TSE INDICES (June 30, 1997)
1997June 24June 23June 20June 19June 18HighLowCom…
STOCK MARKET — Composite index slides as juniors take beating on VSE — Int’l Tournigan
and Grayd Res. manage to buck downward trend among mining stocksThe Vancouver Stock Exchange composite index was down 46.5 points, or 5.06%, at 872.09 over the report period ended June 24. The mining …
STOCK MARKET — Resource stocks drag TSE down as gold price atrophies — Canadian dollar loses ground against American greenback and most other major currencies
The Toronto Stock Exchange’s TSE 300 composite index fell 41.38 points to 6,490.96 between June 18 and 24, with transportation stocks and conglomerates showing strength, and the resource sectors — fo…
Ashanti commits to African projects
Ashanti Goldfields (ASL-N) intends to spend US$28 million on exploration in Africa during 1997.The company’s managing director, Peter Cowley, says two-Thirds of the funding will be directed towards ex…