Nord Resources files for reorganization
Nord Resources (NRDS-O) has filed a reorganization case under chapter 11 of the U.S. bankruptcy code to enable it to develop the Johnson Camp copper mine, near Tucson, Ariz.In mid-January, Nord announ…
Johnson Camp Mine
Nord gets green light for mine
A feasibility study has determined that the Johnson Camp copper mine near Tucson, Ariz., can be reopened profitably now that prices for the red metal have improved.Nord Resources (NRDS-O) purchased th…
Nord sells interest in Sierra Rutile
Nord Resources (NRD-N) is selling its half-interest in Sierra Rutile, the now-dormant heavy mineral sands operation in Sierra Leone.The asset will be acquired by MIL Investments, Nord’s largest shareh…
BASE METALS — Nord banks on Johnson Camp project
Nord Resources (NRD-N) has picked up the past-producing Johnson Camp copper mine in southeastern Arizona at a time when the price of the red metal is at a 10-year low.The company issued 1.6 million sh…
Summo confirms grades at Johnson
Junior Summo Minerals (SMA-T) reports that exploration drilling at the dormant Johnson Camp mine in Arizona has confirmed the thickness and grade of the Copper Chief deposit.Results from eight infill …
MINING MARKETS & INVESTMENT NEWS — Golds flex muscle in jittery markets
Attention during the report period Sept. 23-29 was focused on Washington, D.C., where the U.S. Federal Reserve Board dropped the influential federal-funds rate to 5.25% from 5.5%. The move was designe…
Summo buys Johnson Camp
Summo Minerals (SMA-T) has bought the Johnson Camp copper mine in southeastern Arizona from bankrupt Arimetco, a wholly owned subsidiary of Arimetco International, now de-listed from the Toronto Stock…
NEVADA SPECIAL — Paradise regained as Arimetco prepares for gold production
Gold production is about to begin again at Nevada’s Paradise Peak mine. The new owner, Arimetco International (ARX-T), acquired the operation in 1995 from FMC Gold (FGL-N).Arimetco has contoured the h…