Ken Snyder sale closes
Shareholders of Normandy Mining (NDY-T) have approved the agreement with Franco-Nevada Mining (FN-T) under which Normandy will take over the Ken Snyder mine at the northern end of Nevada’s Carlin gold…
News
Safety improves despite Beatrix
The recent accident at the Beatrix gold mine has once again focused attention on the South African mining industry’s safety performance.This tragic event, which claimed 12 lives, shocked and saddened …
Mining: more than creating jobs
The Canadian mining industry is one of the few industrial sectors where Canadian knowledge, technology, expertise and corporate leadership dominate internationally. But it’s a position we must work ha…
De Beers discovers kimberlite sills at MZ Lake (June 11, 2001)
Exploration drilling by De Beers Consolidated Mines (DBRSY-Q) has uncovered a series of near-surface, sub-parallel kimberlite sills in the MZ Lake area of the AK property in the Northwest Territories….
Metal Prices (June 11, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJune 5June 4June 1May 31May 30Aluminium1494/1511.50…
Lonmin freezes plans to boost stake in Ashanti
Denver — British-based platinum producer Lonmin says it has no plans to increase its stake in Ashanti Goldfields (ASL-N), despite reports that the government of Ghana may be willing to sell some of i…
Fording’s Gardiner leads North American tour
By fall of this year, Fording Coal expects to have left the broad umbrella of railway giant Canadian Pacific and become a stand-alone, publicly traded company. In preparation for that event, President…
Junior explores for Pipeline’s roots
Denver — Toronto geologist John Gardiner believes he holds the key to a major reinterpretation of the geology of Crescent Valley in central Nevada — a revision that could not only resolve long-stand…
Grib pipe eludes Archangel
Denver — Last-minute manoeuvres by Russia’s Arkhangel’skgeoldobycha (AGD) threaten to derail resolution of a longstanding dispute with Canada’s Archangel Diamond (AAD-V) concerning the Grib kimberlit…
Northern Miner Indices (June 11, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T19.3ComincoCLT-T5.1FalconbridgeFL-T6.7Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N6.7Homestake MiningHM-N4….
GQ surrenders more macros (June 11, 2001)
Band-Ore Resources (BAN-T) reports additional encouraging results from its GQ property, 20 km north of Wawa, Ont.Three 24-kg samples of bedrock were collected from the area of the recently expanded Ar…
Goldstrike exceeds 2m oz. for sixth straight year
Goldstrike in Nevada’s Carlin trend is much more than Barrick Gold’s (ABX-T) flagship gold operation; it’s a world-renowned mining camp that has produced more than 18.6 million oz. since operations be…