Rio sells interest in Atlas Steels
Bidding is over in the Atlas Steels auction. Owner Rio Algom (TSE) has agreed to sell its 51% share in the Australian specialty steels firm to Email for A$66.4 million ($68.4 million Canadian).Rio Alg…
Articles by Northern Miner Staff
Placer Dome gains stake in Goldboro
Montreal-listed Orex Exploration has optioned a share of its Goldboro property to Placer Dome (TSE).Having investigated the environmental conditions of the Nova Scotia gold property, the major has con…
Heap-leach project planned for Iduapriem
Ghanaian-Australian Goldfields, a subsidiary of Golden Shamrock Mines (TSE), will proceed with heap-leach gold production at the Iduapriem gold mine in Ghana.The mine is already being expanded to 2.8 …
RTZ and CRA plan merger
British mining conglomerate RTZ and its 49%-owned Australian affiliate CRA will reorganize to produce a single corporate structure in which the two companies retain their individual stock market listi…
Cameco banking on stable uranium market
Gold revenue and management fees underpinned a rise in earnings for Cameco (TSE), but future earnings are expected to be sensitive to the spot price for uranium oxide.Cameco reported net earnings of $…
Phelps Dodge earnings reach new high
Phelps Dodge (NYSE) has turned in its best-ever quarterly earnings statement.In fact, the third quarter was marked by overall strength in copper production, copper sales, operating income, net income …
INSIDER TRADING — Directors of Goldnev Res. traded shares in August
Three directors of Goldnev Resources (VSE) traded shares of the company in the open market in August.According to the Ontario Securities Commission’s OSC Bulletin, Leslie MacConnell, director, bought …
Index (November 06, 1995)
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Detector busy near Kirkland Lake
Detector Resources (ASE) has acquired the Abitibi Phoenix property, 30 km north of Kirkland Lake, Ont.Spanning 21 sq. km, the property was last drilled in 1985, with encouraging results. These include…
Magma pumps up its earnings
A boost in copper sales, combined with a sizable increase in the realized price of lead, enabled Magma Copper (NYSE) to more than double its third-quarter earnings from the same period last year.The c…
LABRADOR NEWS ROUNDUP — Anomaly targeted at Alliger Lake
Partners Eastfield Resources (VSE), Island Arc Resources (VSE), Athabaska Gold Resource (TSE) and Warner Resources will drill-test a geophysical anomaly on their Alliger Lake West property 65 km north…
LABRADOR NEWS ROUNDUP — Okak Bay being drill-tested
Drilling has begun on the Okak Bay property in the Voisey Bay area of Labrador.Castle Rock Exploration (VSE) and United Compass Resources (VSE) are each earning a 35% interest in the property from New…