Trading Summary (December 09, 2002)
Even a $6.4-billion merger proposal from Manufacturers Life for Canada Life wasn’t enough to hold off the profit ta…
Articles by Northern Miner Staff
Ashton, Soquem prove up Foxtrot property
In less than a year, Ashton Mining of Canada (ACA-T) and partner Soquem have established a new diamond camp based on the discovery of a small cluster of eight diamondiferous kimberlitic bodies on the …
Northern Labrador gets a chance to do it right Nickel, and timing
The schedule said that in early December the Innu of Davis Inlet, in northern Labrador, could begin moving to the newly built town of Natuashish, 15 km west on the Labrador mainland.Whether that miles…
AIDS summit postponed, again
A tripartite summit aimed at developing a unified approach by government, labour and business to tackle the spread of HIV/AIDS in the African mining industry has again been postponed.The summit was in…
Modest recovery projected for base metals in 2003
This article is the second of two instalments devoted to base metals and was culled from Barclays Capital’s monthly report The Commodity Refiner. Part 1 appeared in our Dec. 2-8 issue, and a separate …
Canadian Stock Exchange Indices (December 09, 2002)
DateDec. 3Dec. 2Nov. 29Nov. 28Nov. 27HighLowTSX Composite6640.61…
Gold demand up in Q3
WORLD GOLD COUNCILFactors contributing to reduced gold demand in the first two quarters of this year had little impact on the third quarter, according to Gold Demand Trends, a monthly publication of t…
Dental palladium in demand
Demand for palladium in dental alloys is forecast to increase slightly to 730,000 oz. in 2002. The fall in the palladium price from its early 2001 peak has had a stabilizing effect on demand, but ther…
Horne smelter perseveres despite strike
Noranda says it can sustain output at its Horne copper smelter in Rouyn-Noranda, Que., at 70% of capacity even though striking workers have rejected its latest offer of a 3-year contract.More than 500…
Daily Metal Prices (December 09, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 3Dec. 2Nov. 29Nov. 28Nov. 27Al Alloy1315/1310…
BHP curbs copper output
BHP Billiton, the world’s largest mining company, announced that its 2003 copper production target for the world’s largest copper mine, Escondida in Chile, is being set at 1.05 million tonnes, while a…
Juniors take spotlight on slew of mixed news
The Toronto Stock Exchange posted its strongest gain in weeks during the Nov. 27-Dec. 3 report period, thanks to a rally in the energy and financial sectors plus the release of positive economic news …