Navigator, Canabrava cut kimberlite at Kat
The first hole of the 2001 winter drilling program on the Kat project in the Attawapiskat region of northern Ontario has intersected kimberlite.The Kat project forms part of the Severn joint venture, …
Articles by Northern Miner Staff
Morila
An option from De Beers Consolidated Mines (DBRSY-Q) is enabling Vaaldiam Resources (VRL-V) to widen its search for South African diamond deposits.The Toronto-based junior already holds options on fou…
Metal Prices (February 19, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 13Feb. 12Feb. 9Feb. 8Feb. 7Aluminium1607/1585.
The Northern Miner — North American Mining Index (February 19, 2001)
68.34 (-0.95)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (February 19, 2001)
47.74 (-0.52)(Sept. 30/98 = 100)…
Newmont posts loss
Denver — Higher production was not enough to offset the effects of low gold prices for Newmont Mining (NEM-N) in 2000.In the fourth quarter, the Denver-based company earned US$19.7 million (or 12 pe…
Antofagasta exceeds expectations
Denver — Improvements in the grinding circuit have resulted in higher processing rates at the Los Pelambres copper mine in northern Chile.The open-pit mine, 60% held by Antofagasta, beat production f…
MOST ACTIVE ISSUES, FEBRUARY 7-13
ExchgVol(000s)HighLowCloseChangeAlcoa*N 13466 37.75 35.43 35.70 -1.54…
GREATEST VALUE TRADED, FEBRUARY 7-13
ExchgVal($000s)HighLowCloseChangeAlcoa*N 480742 37.75 35.43 35.70 -1.54…
Power sales drive Cominco (February 19, 2001)
Vancouver — Power sales to energy-strapped California have generated a financial windfall for Cominco (CLT-T). The company, now owned 50.1% by Teck (TEK-T), saw its profits double during 2000.The ste…
Noranda profits grow
Stronger metal prices enabled Noranda (NOR-T) to overcome hefty unusual costs and to end 2000 substantially richer than it began.The major earned $293 million (or $1.14 per share) on sales revenue of …
Teck gets boost from Cominco
By purchasing almost 5.2 million shares of Cominco (CLT-T) at a cost of $127 million in 2000, Teck (TEK-T) increased its ownership of the company to 50.1% and took steps to consolidate it as a subsidi…