Canadian Stock Exchange Indices (October 13, 2003)
DateOct. 6Oct. 3Oct. 2Oct. 1Sept. 30 High LowTSX Composite7562.87…
Articles by Northern Miner Staff
LME Warehouse Levels (October 13, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 6 (change from Sept. 29 in brackets):MetalStock(tonnes)ChangeAluminium1372575(+1…
BC approves rock quarry
The government of British Columbia has approved a $100-million aggregate quarry near Port Alberni.The proposed quarry is designed to produce 6 million tonnes of construction aggregate per year and is …
Metal traders run down gold
Gold bugs caught a chill in the first week of October: by the morning of Oct. 7, an ounce of the yellow metal was fetching US$376.20 in London markets, or US$8.30 less than a week earlier. Silver fare…
Ontario’s Liberals will have to earn mining’s respect Laws of gravity
“Gouverner, c’est choisir.”– Franois-Gaston duc de Lvis, governor of New France (1759-1760), misattributed to any number of political cliche-artists since.Lvis was right — to govern is to choose …
People (October 13, 2003)
America Mineral Fields — Bernard Pryor and John Bentley appointed directors.Canabrava — Susy Horna appointed corporate secretary.OntZinc — Peter George appointed senior VP of explorati…
Newmont buys into Southwestern
Vancouver — Newmont Mining (NEM-N) will buy 450,000 shares of Southwestern Resources (SWG-T) at $15 per share for total proceeds of $6.75 million. Newmont has agreed, for 12 months, not to sell the s…
OGS geologist wins medal
Peter Barnett, a geologist with the Ontario Geological Survey (OGS), has received the 2003 provincial geologist’s medal. The presentation was made during a conference of Canada’s energy and mines mini…
Inmet, Outokumpu rework share deal (October 13, 2003)
Finland’s Outokumpu has raised ;23 million by selling 4 million shares in Inmet Mining (INM-T).The shares were issued to Outokumpu as part of Inmet’s acquisition of the Pyhasalmi copper-zinc mine in F…
Junior exchange follows gold trend (October 13, 2003)
Vancouver — A hiccup in the price of bullion kept Canada’s junior exchange from experiencing another week of impressive gains. The S&P-TSX Venture Exchange composite index closed up one tenth of a po…
Afcan tops up till for TJS project
Junior Afcan Mining (AFK-V) has raised $9.4 million by privately placing 40 million units priced at 25 apiece.The units, consisting of a share and half a warrant, are subject to a 4-month hold period…
New Jackson bodies bear stones (October 13, 2003)
Sampling of three areas of frost boil on Twin Mining’s (TWG-T) recently discovered Jackson Inlet kimberlite bodies has proved fruitful.In all, three samples totalling 50.5 kg yielded 13 diamonds, with…