Moris mine proves richer than expected
Production levels at the Moris gold-silver mine in Mexico’s Chihuahua state are exceeding expectations.From May 1 to June 30, the open-pit, heap-leach mine yielded 1,776 oz. gold and 2,600 oz. silver,…
Articles by Northern Miner Staff
Rio Algom president dead at 51 — Inmet, Rio win Antamina gold property
Celebrations by Rio Algom (ROM-T) and Inmet Mining (IMN-T) over a successful bid for the giant Antamina property in Peru have been cut short by the sudden death of Rio’s president.Lawrie Reinertson, 5…
Asarco to fund development of Minto copper mine in Yukon
In order to develop the Minto copper mine in the Yukon, Minto Explorations (MXO-V) has teamed up with its major shareholder, Asarco (AR-N).Asarco will acquire a 70% interest in the project and provide…
Lithos poised to lead in the production of lithium
Lithium is key to the future of Quebec-based Lithos (LTS-M), as surely as electric cars will eventually replace the ones now powered by gasoline.Lithos controls all known lithium deposits in Eastern C…
Sun shines brightly over Pirquitas silver play
In northwestern Argentina, Sunshine Mining & Refining (SSC-N) will double its efforts at the Pirquitas silver deposit for the second half of the year.The company spent US$1.3 million on drilling, assa…
EDITORIAL PAGE — Business as usual
The British Columbia Treaty Commission has criticized the provincial government for not upholding a commitment to “protect” land from resource development while native claims are being negotiated. Thi…
Breakwater completes Nanisivik purchase
Breakwater Resources (BWR-T) has completed the purchase of Nanisivik Mines from Alberta Energy. Nanisivik’s most significant asset is its namesake zinc mine, which produced 108 million lb. in 1995. Th…
Southern Peru cuts ribbon on new plant
Southern Peru Copper (PCU-N) has opened a solvent extraction-electrowinning plant near the town of Toquepala in southern Peru.The plant, which was constructed at a cost of US$103 million, represents t…
Newmont, Sumitomo ink Batu Hijau deal
Newmont Gold (NGC-N) and Japan-based Sumitomo have reached an agreement to develop jointly the Batu Hijau copper-gold deposit on the Indonesian island of Sumbawa.Newmont will hold a 45% interest, havi…
Arauco to take over Back River
Homestake Canada, the Canadian unit of Homestake Mining (HM-N), and its joint-venture partners, Kerr McGee and the Maclab group, have granted Arauco Resources (ARU-V) an exclusive 45-day option to buy…
ODDS’N’SODS — The Year of the Bear
In 1939, when the foliage was just starting to turn color in Timmins, Ont., Danny O’Reardon invited Lou Romauldi and me for a weekend of fishing for whitefish.We were to drive to the destination, whic…
EDITORIAL PAGE — A vicious circle
The lawsuit filed by Exdiam against Diamond Fields Resources and various other parties has stalled the proposed takeover of Diamond Fields by Inco.Whatever its merits, the case is being taken seriousl…