Battle for Lihir begins
Placer Dome (PDG-T) and South African giant AngloGold (AU-N) have already been named as possible combatants in the battle for the Lihir gold mine on the island of the same name, northeast of mainland …
News
Canabrava, Navigator resume drilling Kat
Canabrava Diamond (CNB-V) and Navigator Exploration (NVR-V) have returned to the Attawapiskat area of northern Ontario to drill-test a kimberlite target on their jointly held Kat project.The target si…
La Motte uneconomic: Soquem
We read with great interest your article on Raymor Industries (T.N.M., March 11-17). While very interesting, the article stated that a prefeasibility study funded by Soquem on the La Motte property, h…
Central banks call for extended agreement
European central banks want to extend the Washington Agreement, which has helped lift gold prices by capping sales of bullion reserves.The agreement, signed in September 1999, limited gold sales by it…
Trans Hex shareholders OK restructuring
Shareholders have voted in favour of a plan put forward by management of Trans Hex International (THI-T) designed to settle the company’s debt with African parent Trans Hex Group (THG).THI will transf…
Halls, Balint address discussion group
Henry Halls, a University of Toronto professor and authority on the Lake Superior Basin, will address the Toronto Geological Discussion Group on April 16.Halls will examine paleomagnetism, dyke swarms…
New shaft at Kidd Creek
Falconbridge has hired Cementation Skanska to sink the No. 4 shaft at its Kidd Creek mine, near Timmins, Ont.Kidd Creek is already North America’s deepest operating mine. The new shaft will extend mor…
Compensation for displaced miners
An announcement by Dan Newman, Ontario Minister of Northern Development and Mines, has broken previous written commitments made by the Ontario government to the exploration and mining sector. The gove…
Newmont joins
Newmont Mining (NEM-N) has agreed to acquire up to a 75% stake in Wolfden Resources’ (YWO-V) Skinner gold property in Ontario’s Red Lake mining district.Newmont can initially earn a 65% interest in th…
GREATEST VALUE TRADED, APRIL 3 – APRIL 9
ExchgVal($000s)HighLowCloseChangeAlcoa*N62718438.1536.0537.38-0.53…
Cacamuya back on First Point’s radar screen (April 15, 2002)
Vancouver — Early signs of a potential gold rally have prompted First Point Minerals (FPX-V) to shift its focus from platinum-palladium exploration in Ontario back to the Cacamuya epithermal project …
Northern Miner Indices (April 15, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)BarrickABX-T21.9%CamecoCCO-T3.6%FalconbridgeFL-T4.7%Freeport BFCX.B-N5.7%GoldcorpG-T3.2%IncoN-T7.9%Meridian GoldMNG-T2.5%Newmont Minin…