LionOre gobbles gold producer
Former iron ore miner LionOre Mining International (LIM-T) has acquired control of Australian gold producer Forrestania Gold.LionOre presented Forrestania shareholders with two options: one LionOre sh…
Articles by Northern Miner Staff
NEWS ROUNDUP — Tri Origin Exploration options Burntbrush gold property
Tri Origin Exploration (TOE-T) will acquire the Burntbrush property, 150 km north of Timmins, Ont., in return for making unspecified exploration expenditures.The 50-sq.-km property was previously expl…
Indochina to sell Vietnamese properties
Indochina Goldfields (ING-T) will sell its interests in two adjoining gold exploration prospects in Vietnam to Olympus Pacific Minerals (OYM-V).The sale, worth US$7.5 million in cash and shares, would…
MOST ACTIVE ISSUES, Mar. 12-18
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Chivor’s Oriente mine flowing green
Chivor Emerald (CHIV.U-C) has achieved commercial production at its Oriente mine, which lies in the Chivor district of Colombia.The emeralds are being mined from a vein system recently discovered at w…
Newmex Mining and Santa Cruz announce Mexican merger proposal
Affiliated juniors Newmex Mining (MEX-T) and Santa Cruz Gold (SCG-T) have begun discussing a “business combination.”Newmex is a wholly owned subsidiary of Great Lakes Minerals (GLK-T) created to contr…
Profits nosedive for Black Hawk
Despite improved operating results at the Keystone gold mine near Lynn Lake, Man., the writedown of an exploration property left Black Hawk Mining (BHK-T) with a loss of $4.1 million (or 2 cents per s…
THE DIAMOND PAGE — Mountain Lake Resources set to drill concessions in South Africa
Drilling is under way at the Hartbeestlaagte 146 (H-146) and Zwartrand 145 (Z-145) diamond concessions in the Northwest Tansvaal province of South Africa.The concessions, which comprise 83 sq. km, are…
THE DIAMOND PAGE — Ore reserve estimates released — Quarter century of mining estimated for NWT Diamonds operation
The feasibility study for the NWT Diamonds project, near Lac de Gras in the Northwest Territories, proposes the development of five kimberlite pipes over 17 years. However, given the discovery of addi…
GREATEST VALUE TRADED, Mar. 5-11
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Odds ‘n’ sods — Cobalt’s canine mascot
By 1909, the northeastern Ontario town of Cobalt boasted a rag-tag downtown consisting of tailors, dressmakers, haberdashers and ice cream makers. The merchants, like the miners themselves, came from …
PRODUCER PRICES (March 17, 1997)
ALUMINIUM: LME settlements US$1,646 per tonne, alloy $1,528 per tonne (Mar. 12/97).ANTIMONY: Composite free market, US$2,235 per tonne (Mar. 11/97).BISMUTH: Composite free market US$3.15 per lb. (Mar….