Alcan takes charge at Coega
An ongoing review of Pechiney assets has prompted Montreal-based aluminum giant Alcan (AL-T) to book an impairment…
Articles by Northern Miner Staff
Dios misses the mark at Hotish
The two latest samples of kimberlitic material from the Hotish project, 100 km south of the Renard cluster in north…
Junior exchange remains bullish on gold
Vancouver — Canada’s junior exchange continued its upward march over the trading week ended Jan. 13. The S&P-TSX Venture Exchange composite index gained 13 points points, or 0.72% of value, to close …
The Northern Miner Indices (January 19, 2004)
North American Mining: 106.79 (+0.96)Small Producers: 115.48 (-4.64)(Sept. 30/98 = 100)…
Metco shares jump
Shares in Metco Resources (MKO-V) surged 2.5, or about 21%, to 14.5 in late afternoon trading on Dec. 22, after the junior granted Noranda (NRD-T) an option to earn up to a 70% stake in its properti…
Alcoa sinks
Alcoa kicked off earnings season by tallying fourth-quarter net income of US$291 million, or US33 per share, on US$5.5 billion in sales, compared to a loss of US$223 million on sales of US$5.1 billio…
We’re number three
“Talk to me Harry Winston/And tell me all about it.” — Leo Robin and Jule Steyn, in Gentlemen Prefer Blondes.This won’t be news to most of us.The Canadian government’s statistical office has official…
LME Warehouse Levels (January 19, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 12 (change from Jan. 5 in brackets):MetalStock(tonnes)ChangeAluminium1427525(+50…
Exchange Rates (January 19, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 13Jan. 12Jan. 9Jan. 8Jan. 7US$ in C$1.27291.27361.26921.2788…
Cdn Zinc raises funds
Vancouver – Canadian Zinc (CZN-T) has increased the company’s capital and issued additional shares in a private placement.Subsequently, Canadian Zinc’s recent private-placement financing of $6 million…
Freeport redeems notes
Freeport-McMoRan Copper & Gold (FCX-N) has eliminated US$180 million in debt through the early conversion of senior notes.In mid-2001, the copper magnate issued US$603.75 million worth of senior conve…
Calcatreu takes shape under Aquiline
Ingenerio Jacobacci, Argentina — Results from ongoing infill drilling have convinced Aquiline Resources (AQI-V) that it will soon outline more than 1 million oz. at its Calcatreu gold-silver project,…