Noranda to idle troubled Magnola plant
Noranda (NRD-T) will temporarily close its 80%-owned Magnola magnesium plant in Danville, Que., and take an after-tax charge of $630 million against fourth-quarter earnings. The move will affect 380 w…
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St. Jude’s South Benso fills out
Infill drilling by St. Jude Resources (SJD-V) at the South Benso gold property in Ghana has extended the Subriso East zone to surface.Five holes were sunk in Hill B to test updip projections of minera…
Alamos, National Gold raise US$4m prior to merger vote
Vancouver — Alamos Minerals (AAS-V) and National Gold (NGT-V) have arranged financing with H. Morgan & Co. to prepay outstanding debentures issued for the Salamandra gold property in Mexico.The deben…
Gold returns to its role as gauge of tension Barometer rising
Whether or not Western democracies finally take steps to get rid of the threat posed by Saddam Hussein’s Iraq, it is plain that the gold price is back to its old practice of rising whenever there is a…
More miners die in China
An explosion in a Chinese coal mine in late January left at least 33 miners missing only a day after a blast in another mine killed eight workers, China’s news agency Xinhua said.Two people are said t…
TVI pours gold at Canatuan in Philippines
Vancouver — TVI Pacific (TVI-T) has poured its first gold-silver dor bar at the rehabilitated Canatuan oxide plant in southwestern Philippines.The plant, operating at 50 tonnes per day, is initially…
Tahera tables Jericho EIS (February 03, 2003)
Tahera (TAH-T) has submitted the final environmental impact statement for the Jericho diamond project in Nunavut.The EIS will now face a minimum 60-day review period by regulators, followed by public …
Claude aims deeper at Seabee (February 03, 2003)
A non-brokered financing deal promises to raise $3.75 million for Claude Resources (CRJ-T).The placement will consist of 2.5 million shares priced at $1.50 apiece. Attached to the shares are 1.25 mill…
New gold zones found in James Bay
Partners Cambior (CBJ-T) and Virginia Gold Mines (VIA-T) have found a new mineralized zone at their La Grande Sud property in Quebec’s James Bay region.The discovery was made in hole 175, which passed…
The Northern Miner — North American Mining Index (February 03, 2003)
77.68 (+2.19)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (February 03, 2003)
91.87 (+0.02)(Sept. 30/98 = 100)…
Demand recovers after volatile period
The first few years of the millennium witnessed a volatile gallium market, according to a report from London-based Roskill Information Services.The authors of The Economics of Gallium report that afte…