VBN retirement: Round II
Stymied in its offer to buy back 90% of its Class VBN shares (NV-T), Inco (N-T) has changed its strategy and is now seeking to retire the shares via a redemption.Originally, Inco offered to buy the se…
2000
Drilling resumes at Tambo Grande
Manhattan Minerals (MAN-T) has resumed drilling of the B-5 massive sulphide body at its Tambo Grande project in northern Peru.The program will determine the extent of a high-grade copper zone discover…
Market awaits election outcome
Denver — The Dow Jones industrial average fell 271.12 points, or 2.5%, to 10,681.06 for the period ended Nov. 14, owing to uncertainty and confusion surrounding the U.S. presidential election.However…
Cross Lake active near Timmins
Vancouver-based Cross Lake Minerals (CRN-V) is carrying out soil sampling at its Sheraton zinc-silver property, in Timmins, Ont.The program follows the recent discovery of several geophysical anomalie…
Weda Bay develops nickel laterite project
Having delineated a sizable nickel-laterite resource on the Indonesian island of Halmahera, junior Weda Bay Minerals (WDA-T) is now studying the feasibility of developing an open-pit nickel-cobalt min…
Corriente focuses on Equadoran properties
Vancouver — Having thinned out its portfolio of Argentine properties and put its Tasna bismuth mine, in Bolivia, up for sale, Corriente Resources (CTQ-T) is focusing its exploration efforts on the Co…
The Northern Miner — North American Mining Index (November 20, 2000)
67.75 (-0.90)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (November 20, 2000)
42.89 (-0.04)(Sept. 30/98 = 100)…
Positive study tabled for Finlayson
The Finlayson zinc project in southeastern Yukon is technically and economically viable, according to a prefeasibility study which assumes that the sulphide concentrates are marketable without any sec…
November mean month for gold mining
The brutal combination of high costs and weak prices has forced several companies to suspend mining and development activities at gold projects that aren’t robust enough to survive an industry downtur…
DRC’s drilling tests resource below pit at Afton
Six months of drilling from the floor of the Afton open pit, 10 km west of Kamloops, B.C., has — predictably enough — delivered a substantial copper and precious metal resource to owner DRC Resource…
Exploration spending declines
Total spending allocated for worldwide exploration of nonferrous metals increased steadily from 1993 to 1997, when it peaked at an estimated US$5.2 billion, according to Halifax, N.S.-based Metals Eco…