Canadian Stock Exchange Indices (October 28, 2002)
DateOct. 22Oct. 21Oct. 18Oct. 17Oct. 16HighLowTSX Composite6291.666362.316326.616274.79…
Articles by Northern Miner Staff
Sherritt, Ontario Teachers put Fording on notice
Fording, Canada’s largest producer of export coal, took centre-stage in the Oct. 16-22 report period, becoming the latest takeover target of Sherritt International and the Ontario Teacher’s Pension Pl…
Aredor kimberlites reveal more stones (October 28, 2002)
Partners Rio Tinto (RTP-N) and Trivalence Mining (TMI-V) have recovered more diamonds from the Aredor concession in Ghana.Rio, which operates the project, recently sank eight holes into a promising g…
Junior market ends bearish slide
Vancouver — Canada’s junior exchange managed to find a few points while the major bourses rallied over the week ended Oct. 22. The S&P TSX Venture Exchange composite index tacked on 2.33 points, or 0…
OM whacked by UN report
Shares in Cleveland-based cobalt refiner OM Group crashed to a three-and-a-half-year low during the report period following its mention in a UN Security Council report on illegal mining activity in th…
NAME CHANGES (October 28, 2002)
Verdstone Gold (VGC-V) has changed its name to Goldrea Resources (GOR-V) on a 1-new-for-10-old-share basis.Maya Gold (MAY-V) has changed its name to Centram Exploration (CAN-V) on a 1-new-for-5-old-sh…
Noranda inks Hemlo deal
Noranda’s exploration company has signed an agreement with Goliath Gold Mines and Golden Sceptre Resources that will likely result in a producing Hemlo area mine within two years.The deal, which gives…
MOST ACTIVE ISSUES, OCTOBER 16-22
ExchgVol(000s)HighLowCloseChangeKinross GoldT191442.942.452.58-0.21…
Fording morphs to foil takeover
Rather than submit to a $1.5-billion takeover bid by the Sherritt Coal Partnership II or attempt to lure competing bids, Fording (FDG-T) has announced plans to reorganize itself into an income trust.O…
Canico proves up Brazilian target
Vancouver — Initial results from an ongoing 11,000-metre drill program have enhanced the economic potential of the Ona-Puma nickel laterite project in northern Brazil.Canico Resource (CNI-V) tabled …
Correction (October 28, 2002)
Our story “Friedland leading the charge in the land of Genghis Khan” (T.N.M., Sept. 23/02) incorrectly stated that QGX (QGX-V) held a 10% carried interest in the Turquoise Ridges (Ovoot) and Shuteen p…
