Cambior granted extension
Key lenders to Cambior (CBJ-T) have granted the company a 2-week extension for the completion of its financial restructuring plan, giving the company more time to arrange and consolidate its debt.Camb…
Articles by Northern Miner Staff
Alma, Magnola startups highlight year in Quebec
While there were no mine openings in Quebec in 2000, the industry could draw some cheer from the startup, in the latter half of the year, of two major metallurgical plants.In October, just 32 months a…
NDP bound for defeat
A few months ago, we predicted that Canadian Prime Minister Jean Chrtien would win a third majority government, which he did handily on Nov. 27. We also predicted that George W. Bush and Al Gore woul…
News – 08-JAN-01 (January 08, 2001)
Odds ‘n’ Sods: The Elliot Lake story
The evolution of Elliot Lake, Ont. — from a logging and fur-trapping centre in the early 1900s to the uranium capital of the world in the 1950s and 1960s, and then to its present status as one of mos…
Province beefs up Ontario Prospectors Association
In keeping with its promise to restructure the Ontario Prospectors Association (OPA), the provincial government is providing almost $1 million through the Northern Ontario Heritage Fund Corp. (NOHFC)….
Suit filed against Southern Peru copper
Denver — A Peruvian group has filed suit in New York, N.Y., claiming 40 years of emissions from the Ilo smelter have poisoned nearby residents and harmed the regional ecosystem. The plant is operated…
Spot Prices Wed. January 3, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$269.00-$5.70Silver$ 4.53-$0.10Platinum$614.00+$…
LME Warehouse Levels (January 08, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 2/01 (change from Dec. 22/00 in brackets):MetalStock(tonnes)ChangeAluminium298925…
Majescor raises $2.2m
Quebec City-based Majescor Resources (MAJ-M) has arranged a $2.2-million private placement with investment dealer Canaccord Capital. Proceeds are earmarked for diamond exploration in northern Quebec.T…
Gold Funds (January 08, 2001)
Gold Funds as of Dec. 28 2000Dundee Precious MetalsCentral FundNet Value$11.52$5.34Price…
Producer and Dealer Prices (January 08, 2001)
Antimony: Mid-mkt US$1,350/t.Bismuth: Mid-mkt US$4.00/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.70-14.25/lb.Copper: Comex March US$0.8115/lb.Indium: …