Year of the Survivor for mining industry
Age and guile beat youth and energy in 2000, as companies fought for survival.Survival of the fittest was the overarching theme of the year as exploration and mining companies competed for life-sustai…
Articles by Northern Miner Staff
Year is capped by Aber’s sale of Snap Lake to De Beers
Aber Diamond (ABZ-T) has agreed to sell its 32.24% interest in the promising Snap Lake project to South Africa’s De Beers Consolidated Mines (DBRSY-Q) for $173 million.The move came just days after Lo…
Surviving 2000
Like castaways stranded on a desert island, exploration and mining companies began the year 2000 struggling for survival and longing for a return to the days of gold and glory. As they pondered the fi…
News – 01-JAN-01 (January 01, 2001)
Anglo starts airborne EM at Aripuana
Partners Anglo American (AAUK-Q) and Karmin Exploration (YKA-V) have started an airborne electromagnetic survey over their Aripuana massive sulphide property in Brazil’s Mato Grosso del Norte state.Th…
Drill program expanded at Foy
Vancouver — Armed with new geophysical data, Aurora Platinum (ARP-V) has increased the drill metres for its current program on the Foy nickel-copper-platinum-palladium property, near Sudbury, Ont.An …
Low commodity prices, high costs cast pall over 2000
Vancouver — The brutal combination of high costs and weak commodity prices translated into more mine closures than openings in the past year. Several companies were forced to suspend mining and devel…
The Northern Miner — North American Mining Index (January 01, 2001)
78.53 (+1.42)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (January 01, 2001)
43.92 (+0.40)(Sept. 30/98 = 100)…
LME Warehouse Levels (January 01, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 22/00 (change from Dec. 19 in brackets):Aluminium307250(+8325)Aluminium Alloy88200(-840)Copper348150(+9950)Lead…
Gold Funds (January 01, 2001)
Gold Funds as of Dec. 21 2000Dundee Precious MetalsCentral FundNet Value$11.44$5.36Price$6.20$4.670Discount45.8012.90Value$81,298,000$90,658,056…
All flat on the western front
Vancouver — Canada’s junior exchange remained flat leading up to the Christmas holidays. For the 3-day report period ended Dec. 26, the Canadian Venture Exchange composite index was relatively unchan…