DIAMOND PAGE — Rex Diamonds reports earnings
The sale of diamonds from Rex Diamond Mining’s (REXD-C) South African operations generated revenue of US$16.8 million for the fiscal year ended March 31, 1996. Net earnings for the period amounted to …
Articles by Northern Miner Staff
William to buy Brazilian producer
The impending acquisition of a Brazilian company will help establish William Resources (WIM-T) as an intermediate gold producer by 1998, the junior predicts.Having entered final negotiations to buy Ja…
NWT diamond project gets nod from panel
Full approval for the NWT Diamonds project in the Lac de Gras area of the Northwest Territories is at hand for BHP Minerals and Dia Met Minerals (DMM-T).The Environmental Assessment Review Panel deter…
COMMENTARY — Helping the Kuna Yala help themselves
Vancouver-based Western Keltic Mines (WKM) recently acquired five concessions in the Comarca de San Blas region of Panama, where a United Nations exploration program in the late 1960s revealed potenti…
Diamond Fields seeks dismissal of suit
Facing a lawsuit by shareholders of Exdiam, Diamond Fields Resources (DFR-T) has asked a Texas court for early discovery hearings to consider a motion to dismiss the action.The lawsuit, brought by two…
EDITORIAL PAGE — What a tangled web
Sophistry — the art of subtly deceptive reasoning or argumentation practised in ancient Greece — is alive and well, and being developed in new directions by environmentalists opposed to diamond mini…
THE DIAMOND PAGE — Diamondiferous dykes found at Afridi
Drilling suggests that the DA-1 target at the Afridi Lake property in the Northwest Territories consists of a series of steeply dipping, northwest-trending kimberlite dykes.The largest dyke has a maxi…
GREATEST VALUE TRADED (July 01, 1996)
ExchgValue($000s)HighLowCloseChangeBRE-X MnrlsT20…
THE DIAMOND PAGE — Diavik bulk sampling nears completion
The processing of a 3,000-tonne underground bulk sample from the A-154 South pipe at the Diavik diamond project is about two-thirds completed.To date, an overall grade of 4.67 carats per tonne is repo…
PRODUCER PRICES (July 01, 1996)
ALUMINIUM: LME settlement US$1,478 per tonne (June 25, 1996).ANTIMONY: Composite free market, US$2,925 per tonne (June 24, 1996).BISMUTH: Composite free market US$3.56 per lb. (June 14, 1996).CADMIUM:…
METAL PRICES — FREE MARKET (July 01, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateJune 25June 24June 21June 20June 19…
Clone drilling now under way
Partners Teuton Resources (TUO-V) and Minvita Enterprises (MVE-V) have begun a 5,000-metre diamond drilling program at their Clone property in northwestern British Columbia.The program will test high-…