Echo Bay gives nod to Lamefoot deposit
A new gold deposit is set to come on stream for senior gold producer Echo Bay Mines (TSE). The Lamefoot deposit is the latest in a string of five deposits to be put into production at the Kettle River…
Articles by Northern Miner Staff
BHP enhancing Tanzanian deposit
A second hole drilled near the Kabanga nickel-cobalt deposit in northwestern Tanzania has confirmed the potential for a significant new zone. BHP Minerals reports that Hole 43 intersected an estimated…
Kap reaches deal with Canadian potash producers
A consortium of Canadian potash producers has agreed to participate in the Yolanda Natural Nitrates project in Chile, owned by Kap Resources (VSE). The consortium, which includes Potash Corp. of Saska…
Inco plans production push
Strong demand for nickel has Inco (TSE) planning to increase output in 1995 by some 85 million lb. to 430 million lb. Problems in Russia, at the huge Norilsk operation and with declining domestic cons…
ANC favors state ownership of mineral rights
South African President Nelson Mandela’s ruling African National Congress (ANC) has called for state ownership to replace private control of the country’s mineral rights. South Africa is currently the…
STOCK MARKETS — Lower gold price helps drag down TSE
A sagging gold price helped drag the TSE lower over the 5-day report period ended Dec. 6. The composite 300 index dropped 24.28 points to close at 4,079.44. The gold and precious metals sub-group lost…
STOCK MARKETS — Composite index continues downward slide
The Vancouver Stock Exchange composite and resource indexes continued their downslide for the report period ended Dec.6. The former fell 17.64 points to close at 737.84, while the latter finished at 1…
Gold Funds (December 12, 1994)
BGR Central Net Value $17.07 $6.50 Price $13.63 6.50 Discount 20.19% Premium 1.7% Value $136,557,000 $117,645,450…
Gibraltar options Chilean copper project
An exploration program is planned for the Fortuna de Cobre copper project in Chile, Gibraltar Mines (TSE) reports. Gibraltar’s wholly owned subsidiary, Compania Minera Gibraltar, has signed a letter o…
Ecuadorian still drilling at Gaby
Diamond drilling continues to evaluate the Gaby gold porphyry deposit near Guayaquil, Ecuador. Ecuadorian Minerals (TSE) can earn a 35% interest in any oxide deposit identified in the Muyuyacu concess…
Global diamond conference set for March in Australia
Plans are in the works for World Diamond Conference 1995, to take place March 17-18 in Perth, Australia. The conference will be linked with Western Australia’s Mining Week that month, and will commenc…
Teck acquiring stake in Mexican gold mine
Toronto-listed Teck is acquiring a half interest in a privately owned British Columbian company with a gold mine in Mexico. The major is acquiring 1.5 million shares of Miral Gold for a purchase price…