OK Tedi compensation agreement signed
The government of Papua New Guinea and its partners in the Ok Tedi copper-gold mine have signed a compensation agreement aimed at ending a claim for environmental damages launched by local landowners….
Articles by Northern Miner Staff
Senate spares Bureau of Mines
The U.S. Bureau of Mines received a vote of confidence when the Senate approved US$128 million for continued operation of the agency in its Department of Interior appropriations bill.In July, the Hous…
Gold funds (August 28, 1995)
Gold Funds as of August 22BGRCentralNet Value$18.01$6.73Price$14.50$6.50Discount19.47%3.4%Value$140,780,000$117,645,450…
Golden Shamrock raises funds for work program in Ghana
Holders of special warrants issued by Australian-based Golden Shamrock Mines (TSE) will be issued 7.5% convertible debentures. The offering has a total face value of US$25 million.Golden Shamrock will…
Birim drills on Ghanaian prospect
Reverse-circulation drilling will commence at the Dunkwa gold property in the Obuasi gold belt of Ghana.Birim Goldfields (CDN) has contracted an initial 2,000 metres of testing on the Mampon occurrenc…
Minefinders announces start of drill program at Bolsa property
The new president of Minefinders (VSE) expects drilling will begin this September on La Bolsa, a gold property in Mexico’s Sonora state.Mark Bailey, who is also a geologist, heads up a new management …
Windy Craggy settlement prompts Kemess development
The British Columbia government and Geddes Resources (TSE) have resurrected a compensation agreement for the 1993 expropriation of the Windy Craggy copper deposit in the northwestern corner of the pro…
Stock Markets — Voisey Bay trading enters wait-and-see phase
Trading activity on the western markets has succumbed to the summer doldrums. The markets’ enthusiasm for the Voisey Bay nickel-copper-cobalt play in Labrador has dampened, with investors assuming a w…
FirstMiss delayed at Turquoise Ridge
The necessity of interpreting new exploration data for the Turquoise Ridge deposit in northern Nevada will delay completion of a prefeasibility study.FirstMiss Gold (NASDAQ) reports that new data on 1…
Union situation uncertain at Faro
Employees at the Faro mine in the Yukon are currently not members of a union, although the United Steel Workers of America has petitioned the Canada Labour Relation Board to review its jurisdiction ov…
Etruscan finances Nigerien project
Two private investors have purchased $1.5 million, and Echo Bay Mines (TSE) has purchased $2.7 million in common shares and warrants, in Etruscan Enterprises (VSE).The placement enables Etruscan to co…
Argentine government agency woos Canadian mining companies
Mining companies may be familiar with the competitive nature of business, yet many governments are not. However, this would appear to be changing, as an increasing number of countries are now competin…