Trading Summary (July 03, 2001)
The Toronto Stock Exchange’s 300 composite index edged up 11.95 points to close at 7,748.3 on Tuesday as seven of t…
Articles by Northern Miner Staff
Barrick, Homestake propose marriage
In a paper deal worth US$2.3 billion, Barrick Gold () has agreed to take over Homestake Mining (HM-N) and thereby become the world’s second-largest gold producer.Barrick is offering 0.53 of a share fo…
Aurora cuts kimberlite at Belleterre
Aurora Platinum (ARP-V) has discovered a kimberlite body on the Midrim-Belleterre nickel/copper/-platinum-group-metal project in western Quebec. The junior made the discovery while drill-testing a cir…
News – 02-JUL-01 (July 02, 2001)
Merger trends
It was said of Benjamin Disraeli that he spent more time arriving at Westminster than he spent in it. Consolidation in the gold industry is arriving, still. It has to be said: if Barrick’s taking over…
Colorado evaluates land tracts
The Colorado Geological Survey (CGS) has released two reports which evaluate the resource potential of more than 4 million acres administered by the State Land Board.The land is in Kiowa and Cheyenne …
LME Warehouse Levels (July 02, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 26/01 (change from June 19 in brackets):Aluminium625100(+9375)Aluminium Alloy86740(+900)Copper434450(+9275)Lead…
More gold for Anatolia
Denver — Stepout drilling at the Cukurdere gold-copper prospect in central Turkey has hit the jackpot for partners Anatolia Minerals Development (YMC.U-V) and Rio Tinto (RTP-N).Hole CRC-1 stopped at …
Record copper consumption
Consumption of copper in the U.S. reached record levels in 2000.Preliminary data indicate total usage levels were 1% ahead of 1999. This comes on the heels of 1999’s total of 4.2 million tonnes, an al…
Boart Longyear among CDDA award winners
The Canadian arm of Boart Longyear, based in North Bay, Ont., won both the Class A surface and underground safety awards at the annual general meeting of the Canadian Diamond Drilling Association (CDD…
Ivanhoe Mines’ Savage River wins environment award
Ivanhoe Mines’ Savage River iron ore operation in northwestern Tasmania has received an award for environmental excellence.The award recognizes the company’s success in controlling water runoff from r…
Prospector Ross Toms, Part 1
“He was an old prospector with a vision bleared and dim.He asked me for a grubstake, and the same I gave to him.He hinted of a hidden trove, and when I made so boldTo question his veracity, this is th…