PGM to work Stucco
Junior Platinum Group Metals (PTG-V) will begin exploring the Stucco palladium property near Thunder Bay, Ont.The area is one of two palladium plays in the province and is home to the Lac des les min…
News
Canmine expands cobalt refinery
Canmine Resources is modifying its namesake refinery in Cobalt, Ont., after closing a $6.7-million financing this past summer.A 13,388-sq.-ft. expansion, which will roughly double the size of the plan…
The benefits of flow-through
Recent market conditions have exacted a further toll on the exploration sector and prevented the new “super” flow-through share program from performing to expectations.Super flow-through shares are a …
Diavik inches toward completion
Construction of Canada’s next diamond mine is 58% complete and remains on schedule for completion in April 2003.London-based Rio Tinto (RTP-N) and Toronto-based Aber Diamond (ABZ-T) are spending a tot…
Noranda closes El Pachon acquisition
Noranda (NRD-T) has completed its US$30-million purchase of the El Pachon copper deposit from equal owners Cambior (CBJ-T) and Bolivian-based Minera. The project is 185 km west of San Juan, Argentina….
Staff Investment Policy (October 08, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Namibian gets debt reprieve
Junior Namibian Minerals (NMR-T) has been granted another month to restructure its debt.The moratorium, which has yet to be ratified by Namibian’s credit insurers, means that repayments on US$21.25 mi…
IOC suspends plant construction
In response to a deteriorating steel market, Iron Ore Co. of Canada (IOC) is suspending construction of its iron-ore pellet plant in Sept-les, Que.The company has been in the midst of a $360-million …
IMF forecasts spur optimism
Metals prices turned in another poor performance during the report period Sept. 24-28 as fears over the global economic outlook intensified. Of the major London Metal Exchange metals, nickel and zinc …
Major Drilling gains assets Down Under
Moncton, N.B.-based Major Drilling is acquiring Ausdrill’s exploration drilling operations in Queensland, Australia, and New Zealand.The purchase includes drilling equipment, as well as contracts wort…
Too much money can be a bad thing
For some companies, the world ends with a bang and a whimper. A long, protracted whimper.Thus it was for the giant British conglomerate Marconi, which has fallen from 8 to a low of 0.12 over the pas…
Tagish Lake drills Skukum Creek (October 08, 2001)
Whitehorse, Y.T. — Having restructured and consolidated ownership of the Skukum mineral property, 80 km south of here, Tagish Lake Gold (TLG-V) is determined to bring the Skukum Creek deposit into pr…