Partners drill Footwall
Aurora Platinum (ARP-T) and joint-venture partner Falconbridge (FL-T) are about to begin the next phase of exploration on the Footwall property near Sudbury, Ont. Falco is the operator.The 16-sq.-km p…
Articles by Northern Miner Staff
Alcan’s earnings down, revenues up (July 22, 2002)
Despite lower prices for its aluminum products, Alcan (AL-T) still managed to turn a respectable profit in the second quarter.For the period ended June 30, Alcan posted net income attributable to comm…
GREATEST VALUE TRADED, JULY 10-16
Value($000s)HighLowCloseChangeAlcanT81428452.2546.7448.64-5.56…
Exchange Rates (July 22, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 16July 15July 12July 11July 10US$ in C$1.53481.53661.53021.5…
Daily Metal Prices (July 22, 2002)
DateJuly 16July 15July 12July 11July 10BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)…
Port Colborne residents to appeal cleanup standard
Residents of Port Colborne, in Ontario’s Niagara region, have been given the right to appeal a cleanup order which they say is too limited.The order, made in March by the Ministry of the Environment, …
Gold Funds (July 22, 2002)
Gold Funds as at July 11, 2002Dundee Precious MetalsCentral FundNet Value$23.48$5.91Price$17.45…
Producer and Dealer Prices (July 22, 2002)
Antimony: Mid-mkt US$1,550/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.30/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.50-7.50/lb.Copper: Comex Sept US$0.7435/lb.Indium: Ind…
Teck Cominco joins Wolfden’s pack (July 22, 2002)
Teck Cominco (TEK-T) has entered into an agreement with Wolfden Resources (YWO-V) to participate in the exploration of the High Lake volcanogenic massive sulphide property on Bathurst Inlet in Nunavut…
Kikerk Lake find carries diamonds
A kimberlite found this past spring by Ashton Mining of Canada (ACA-T) has proved diamond-bearing. The discovery was made on the Kikerk Lake joint-venture property in the Coronation Gulf district of N…
Caledonia dusts off Barbrook gold mine
With the price of gold on the rise, Caledonia Mining (CAL-T) is re-evaluating the geology at its Barbrook mine in South Africa, hoping to resume production.Production was suspended in the summer of 19…
Aluminum smelter planned for Vancouver Island
A proposed 360,000-tonne-per-year aluminum smelter on Vancouver Island could be operating in 4.5 years.Alberni Aluminum, or Al2Co., will pursue regulatory approval for the $1.5-billion project in Port…