Articles by Northern Miner Staff

The Toronto Stock Exchange’s composite 300 index rose 1.8% during the trading period Jan. 8-14, hitting a record high of 6054.86. The previous record was 6018.65, set on Nov. 28, 1996. It was the sixt…

A $425,000 exploration program is under way at the Balsam base metal property in the Hanson Lake area of northern Saskatchewan.The project is a 50-50 joint venture between Aur Resources (AUR-T) and Tr…

In a response to a second bid from Newmont Mining (NEM-N), Santa Fe Pacific Gold (GLD-N) has agreed to sit down and begin negotiations about a business combination between the two companies.Newmont of…

Lytton Minerals (LTL-T) is undertaking a private placement of 2 million common shares at a price of $3.00 per share.Proceeds will be used to finance ongoing diamond exploration and development program…

Miranda Industries is not the same company as Miranda Mining & Development, which is the company referred to in your issue of Dec. 30, 1996 (“Mexico sizzles for Miranda, Teck”). It is unfortunate that…

Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.13/97 (change from previous week in brackets):Aluminium968,500(+11,125)Copper131,475(-3,225)Lead117,650(-750)Nickel47,90…

Recent changes to India’s mining regulations are paving the way for increased foreign investment in that sector and a stronger Indian economy.At a recent conference in London, B.P. Baishya, India’s mi…

Scott and Paul Marshall appointed directors.

Stephen Walters appointed exploration manager of Indonesia.

Edward Schiller appointed director.

Rafik Rashul appointed vice-president of Angolan operations.

Montreal-based Altavista Mines (AIA-M) has announced encouraging drill results from its Santa Anna gold property, 15 km southwest of La Sarre, Que.The new structure, called Zone 8, was first intersect…