Kaiser thrown US$300m lifeline
Nosediving 50% to US35, Kaiser Aluminum won the flameout-of-the-week award by filing for bankruptcy protection and obtaining US$300 million in debtor-in-possession financing from the Bank of America….
Articles by Northern Miner Staff
Samex the volume leader on CDNX
Vancouver — Canada’s junior exchange managed to post a modest gain over the week ended Feb. 12. The Standard & Poor’s-CDNX composite index tacked on 11.54 points, or 1%, to close at 1152.87.Samex Min…
The Northern Miner — North American Mining Index (February 18, 2002)
78.20 (-0.36)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (February 18, 2002)
66.59 (+7.21)(Sept. 30/98 = 100)…
MOST ACTIVE ISSUES, FEB. 6-12
ExchgVol(000s)HighLowCloseChangeNewmont Mng*N3274525.9023.2523.97-1.10…
NWT’s CanTung mine now in full swing
Only six months after the start of plant rehabilitation, North American Tungsten (NTC-V) has entered production at its wholly owned CanTung mine in the Northwest Territories, about 310 km northeast of…
GREATEST VALUE TRADED, FEB. 6-12
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N78489525.9023.2523.97-1.10…
Tanzanite-terrorism link questioned
Several parties involved in the tanzanite trade are attempting damage control after reports surfaced that the gemstone was being used to fund terrorist activity.The group representing major stakeholde…
Kaiser files for protection (February 18, 2002)
Faced with a heavy debt load, depressed metal prices and a broad economic slowdown, Houston-based Kaiser Aluminum (KLU-N) and its operating subsidiary, Kaiser Aluminum & Chemical, have filed for bankr…
Mining operations keep Inmet profitable
Buoyed by operating earnings from all three of its mines, Inmet Mining (IMN-T) closed the year with a net profit of $18.9 million (44 per share) on revenue of $106.8 million.The figure was a substant…
Extraordinary items
It was a scandal when, five years ago, some divisions of the American optical manufacturer Bausch & Lomb (the makers of Ray-Ban shades) were discovered to have been booking orders as revenue. Heads ro…
Prospecting in Wekusko, Part 2
In the fall of 1955, my prospecting partner, Einar Sanden, and I transported a diamond drill rig to the east shore of Crowduck Bay in northern Manitoba to explore a new lithium prospect. I had the tem…