Mounting metals stocks cast pall over new year
Base metals continued to shed value during the report period Dec. 10-14 as the markets eased back following the technical rally of late November.Nickel was the big loser, shedding 8.1% of its average …
Articles by Northern Miner Staff
Otish rocks diamondiferous (December 24, 2001)
Vancouver — Diamond counts have determined the favourable nature of two kimberlitic bodies in Quebec’s Otish Mountains.Ashton Mining of Canada (ACA-T) discovered the bodies while drill-testing four g…
IMA gains ground in Patagonia
Vancouver — IMA Explorations (IMR-V) has acquired the first two of several gold-silver properties in Chubut province, south-central Argentina.Dubbed Las Bayas and Laguna de Los Toros, the properties …
NAME CHANGES (December 24, 2001)
Century Gold (CNT-V) has changed its name to Novra Technologies (NVI-V) on a 1-new-for-1-old-share basis.Visionary Mining (VIN-V) has changed its name to Nu-Vision Resource…
Gold explorers jump back to life
Buyers managed to overtake sellers over the Dec. 12-18 report period to push the Toronto Stock Exchange 300 index up 54.84 points to 7,586.47.Gold surged ahead $5.65 in London markets to land at a mor…
Output to rise at Grasberg
Vancouver — Bucking the trend of other major producers, Freeport-McMoRan Copper & Gold (FCX-N) says it expects a 7.1% increase in copper production next year at its Grasberg mine in Indonesia.Output …
GREATEST VALUE TRADED, DEC. 12-18
ExchgVal($000s)HighLowCloseChangeBarrick GoldT59823026.2523.9526.22+2.32…
Exchange Rates (December 24, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 18Dec. 17Dec. 14Dec. 13Dec. 12US$ in C$1.57301.56461.56331.5…
Link to US dollar has hurt Argentina
Events in Argentina, where the government is caught between devaluing the Argentine peso and turning entirely to the United States dollar as a currency, provide an object lesson in what bad monetary p…
TSM
Towards Sustainable Mining, or TSM, an initiative of the Mining Association of Canada (MAC), is built on the premise that mining can contribute to the sustainability of our communities in a way that m…
Blackstone gains Ursus diamond property
Vancouver — Blackstone Ventures (BLV-V) has inked a deal with the numbered company 4763 NWT to acquire the Ursus diamond property in the Coronation Gulf area of Nunavut.The 46-sq.-km property is 45 k…
Producer and Dealer Prices (December 24, 2001)
Antimony: Mid-mkt US$1,130/t.Bismuth: Mid-mkt US$3.25/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.50-7.60/lb.Copper: Comex Mar. US$0.69/lb.Indium: Indiu…