News – 12-FEB-01 (February 12, 2001)
De Beers Canada Mining has filed for a water licence and land-use permit to develop an underground diamond mine at Snap Lake in the Northwest Territories.The move came just days after the Canadian sub…
Articles by Northern Miner Staff
Sopko retiring as Inco’s profit soars
Just hours after the company tabled a stellar US$400-million profit for 2000, Inco (N-T) Chairman and Chief Executive Officer Michael Sopko announced he will step down from both positions immediately …
Latitude eyes option in Oregon
Denver — Junior Latitude Minerals (LTU-V) has signed a 60-day option agreement to acquire the Golden Revenue property in southwestern Oregon.The company is carrying out due diligence work, including …
GREATEST VALUE TRADED, JAN. 31-FEB. 6
ExchgVal($000s)HighLowCloseChangeAlcoa*N 851224 38.45 35.36 37.24 +1.82…
Market absorbs rate cut
Denver — The Dow Jones industrial average climbed 76.22 points, or 0.7%, in the report period ended Feb. 6 to close at 10,957.42. The market got a boost when the U.S. Federal Reserve cut interest rat…
A taste of things to come Living Legacy, Act One
The recent decision by Ontario’s minister of natural resources to reject an application for a granite quarry near Belleville and adjacent to the Mellon Lake Conservation Reserve is being applauded by …
Roman’s empire not built in a day
Unlike fellow financier Joe Hirshhorn (1899-1981), Stephen Roman (1921-1988) was a builder, albeit a slow one.The portly gentleman immigrated to Canada in 1937 after attending agricultural college in …
The Northern Miner — North American Mining Index (February 12, 2001)
69.29 (-0.41)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (February 12, 2001)
48.26 (-0.62)(Sept. 30/98 = 100)…
Staff Investment Policy (February 12, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Dinner will honour Cross
After 52 years and 13,388 issues, the George Cross Newsletter and its editor, George Cross, Jr., have decided to call it a day.The final issue of the west-coast mining chronicle was published at the e…
Spot Prices Wed. February 7, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$262.90-$3.30Silver$4.63-$0.16Platinum$606.00+$1.00…