Staff Investment Policy (April 30, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Articles by Northern Miner Staff
Algoma files for court protection
A huge first-quarter loss, overwhelming long-term debt and massive steel dumping into North America by foreign countries have forced Algoma Steel to file for court protection from its creditors.The Sa…
OGS expands database
The Ontario Geological Survey (OGS) has purchased airborne geophysical data from the private sector and is making the information available to the mining industry.The OGS will use the data to compleme…
Caber drilling goes one-for-six
A 6-hole drill program mounted by Quebec government-owned Soquem has failed to intersect any significant sulphides on the Caber property, west of Matagami; however, the work did uncover significant mi…
EXCHANGE RATES (April 30, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 24April 23 April 20April 19April 18US$ in C$1.54821.54641.5434…
Int’l Annax funds drilling at Dairi
Vancouver-based International Annax Ventures (IAX-V) has arranged a $500,000 brokered private placement with parent company Herald Resources of Australia for the purchase of up to 770,000 shares price…
Producer and Dealer Prices (April 30, 2001)
Antimony: Mid-mkt US$1,290/t.Bismuth: Mid-mkt US$3.85/lb.Cadmium: Mid-mkt US$0.22/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$10.80-13.50/lb.Copper: Comex May US$0.762/lb.Indium: Ind…
LME Warehouse Levels (April 30, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 24/01 (change from April 17 in brackets):MetalStock (tonnes)ChangeAluminium466700…
Northern Miner Indices (April 30, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T19.3ComincoCLT-T5.1FalconbridgeFL-T6.7Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N6.7Homestake MiningHM-N4….
Anglo hits at Boyongan
Vancouver — Partners Anglo American (AAUK-Q) and Philex Gold (PGI-V) appear to have intersected a rare geological event at the Boyongan prospect on the Philippine island of Mindanao. The latest drill…
MK Gold permits Las Cruces
Armed with a positive feasibility study by Bechtel International, MK Gold (MKAU-O) is working to bring its Las Cruces copper deposit into production.The wholly owned project is on the eastern margin o…
Medinah funds Alto de Lipangue
Denver — Medinah Mining (MDMN-O) has raised US$5 million for development of the Alto de Lipangue gold-copper project in Chile by selling a 25% stake in the property to London-based Venture Capital Co…