LME Warehouse Levels (April 02, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 27/01 (change from March 20 in brackets):Aluminium476800(-1000)…
Articles by Northern Miner Staff
Seahawk tables resource
Vancouver — The Piteiras emerald prospect in eastern Brazil contains 789,000 tonnes grading 112 carats per tonne, according to an independent estimate.Denver-based Seahawk Minerals (SKM-V) reports th…
Rio sells North’s forestry assets
Denver — Rio Tinto (RTP-N) has unloaded a forestry products subsidiary onto a Tasmanian company for A$335 million in cash, which could be used to sweeten the bid for the Labrador Iron Ore Royalty Inc…
Phelps Dodge slashes output
Denver — As anticipated, Phelps Dodge (PD-N) will cut copper production at operations in New Mexico and Arizona in response to higher energy costs.Most of the cutbacks will occur at the Chino operati…
Feasibility complete at Ntotoroso
Equal partners Moydow Mines International and Normandy Mining (NDY-T) have completed a feasibility study at their Ntotoroso gold property in Ghana.Prepared by Perth, Australia-based Lycopodium, the st…
Taseko considers refinery for Gibraltar
Preliminary results from pilot-plant metallurgical tests have prompted Taseko Mines (TKO-V) to proceed with a feasibility study for a copper refinery that could revive the dormant Gibraltar copper min…
Cambior’s losses shrink
Emerging from a long period of restructuring, Cambior (CBJ-T) has significantly reduced the amount of red ink on its earnings statement.For the year ended Dec. 31, 2000, Cambior’s net loss was US$81.6…
National Gold closes Salamandra deal
Vancouver — Having made the initial $250,000 payment required for the purchase of the Salamandra gold property in Mexico, National Gold (NGT-V) must now raise $3.6 million by Aug. 30.The junior took …
A call for tax reform
COMMENTARY/GUY DUFRESNEMore government involvement is needed to spur investment in mineral exploration in Canada, according to Guy Dufresne, chairman of the Mining Association of Canada.Speaking at th…
Tahera plans Jericho development
Armed with a positive feasibility study, Tahera (TAH-T) plans to develop its wholly owned Jericho diamond project, 420 km north of Yellowknife, N.W.T.Earlier this year, a revised project proposal and …
Radius advances Tambor project
Vancouver — Radius Explorations (RDU-V) has tabled more impressive trench results from its Tambor gold project near Guatemala City.The ongoing program is designed to assess the grade and geometry of …
New economy meets old realities
Warren Buffett, chairman of holding company Berkshire Hathaway, just announced he’ll be staying out of the U.S. stock market until “businesses sell for less in the market than they’re worth.”People us…