Ruling could close Newmont gold mine
A district court in Indonesia has issued a judgment that could result in the temporary closure of the Minahasa gold mine, 80%-owned by Newmont Mining (NEM-N).The company says the ruling is highly irre…
News
TSE Shorts (February 14, 2000)
Short positions outstanding at January 31, 2000Larger individual positions include:Abitibi-Consolidated 1,764,513 up 470,841; Alcan Aluminum 1,106,613 down 310,945; Anderson Exploration 194,…
Tenke targets showings
Junior Tenke Mining (TNK-T) will drill four large targets on its Vicuna gold exploration project, in central Argentina.All four targets are known to feature strongly anomalous gold-in-soil concentrati…
Charles Krause
Charles “Chuck” Krause, former vice-president of exploration for Campbell Resources, has died. He was 77.Krause was born in Williamsford, Ont. After a stint as a flight instructor and pilot with 418 S…
METAL PRICES (February 14, 2000)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateFeb. 8Feb. 7Feb. 4Feb. 3…
Queenstake eyes Magistral as low-cost producer
As smaller gold producers continue to struggle with gold prices below US$300 per oz., Denver-based Queenstake Resources (QRL-T) remains confident it can make the jump to production from exploration by…
‘Prairie gold’ controversy flares up again
American wildcatter Homer Bradley has long departed this world, but his legacy lives on in the ongoing search for “prairie gold” deposits in the Fort MacKay region of Alberta.In the past decade, sever…
Campbell hits record production
The Campbell Red Lake mine continues to expand, following record production of 71,317 tons in 1949. Work is currently focused on opening up a zone 600 ft. from the shaft on the mine’s deepest level. U…
Pickle Crow expands mine, mill
Owners of the Pickle Crow gold mine in northwestern Ontario say that drilling beneath the 1,600-level has uncovered more mineralization at depth. Plans include deepening the No. 3 shaft to 2,350 ft. T…
Stock increases dent optimism
In spite of some early-year optimism, metal markets are now having to cope with the reality of major increases in stocks on the London Metal Exchange (LME). Copper stocks climbed 27,200 tonnes; alumin…
No Headline (February 07, 2000)
The Northern Miner — North American Mining Index (February 07, 2000)
87.90 (+1.23)(Sept. 30/98 = 100)…