Billiton wins La Granja lottery
Denver — After week’s delay caused by the resignation of Peruvian President Alberto Fujimori, London-based Billiton has won its bid for a 5% royalty interest in the giant La Granja copper property.Bi…
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Rio sidelines De Beers in Ashton bid
London-based Rio Tinto (RTP-N) has received acceptances for 94.7% of the shares of Australia-listed Ashton Mining.The British major has further extended its offer to Dec. 13 to allow the remaining sha…
Northern Miner Indices (December 04, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.6ComincoCLT-T4.0FalconbridgeFL-T6.9Franco-Nevada MiningFN-T5.3Freeport McMoRan Cop’r BFCX-N4.6Homestake MiningHM-N4….
Kimberlites found at Ekati
Drilling this past summer at the Ekati mine property in the Northwest Territories resulted in the discovery of 11 additional kimberlite pipes, raising the number of confirmed kimberlites to 136.Nine o…
Shareholders approve sale
Denver — Shareholders of Ashanti Goldfields (ASL-N) have approved the sale of half of the Geita mine to AngloGold (AU-N). The mine is in the Lake Victoria region of Tanzania.Ashanti’s two principal s…
Partners expand Antamina
The already-massive Antamina copper-zinc deposit in Peru just got bigger.Proven reserves now stand at 313 million tonnes averaging 1.3% copper, 1.06% zinc and 0.03% molybdenum, plus 14.13 grams silver…
The Northern Miner — Small Producers Index (November 27, 2000)
42.00 (-0.89)(Sept. 30/98 = 100)…
Exploration; Gammon Lake takes shine to Ocampo’s gold-silver potential
Ocampo, Mexico — Gammon Lake Resources (GAM-T) is intensifying its exploration efforts at the Ocampo gold-silver project in the Sierra Madre Occidental region of Mexico’s Chihuahua state.The Ocampo m…
Mansfield seeks Olympic Dam-type deposits
In many ways, the past year for Mansfield Minerals (MDR-V) reflects the boom-and-bust nature of mineral exploration.After gaining undisputed title to the promising Cerro Samenta copper porphyry prospe…
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High grades trigger revival of Red Lake camp
While Red Lake still ranks far behind Ontario’s Timmins gold camp in terms of historic production, new, exceptionally high-grade discoveries there are gaining more and more attention.In this tough gol…
Gold Funds (November 27, 2000)
Gold Funds as of Nov. 16, 2000Dynamic MutualCentral FundNet Value$11.37$5.45Price$5.85$4.510…