Metal Prices (September 18, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 12Sept. 11Sept. 8Sept.
Articles by Northern Miner Staff
CDNX loses momentum owing to technology sell-off
Canada’s junior exchange finished the trading week ended Sept. 12 flat, with losses in the technology index offset by gains in the mining and oil and gas sectors. This is a reversal of the trend at th…
LME Warehouse Levels (September 18, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 12/99 (change from Sept. 5 in brackets):MetalStock(tonnes)Change…
Summo receives positive study for Lisbon Valley
With a bankable feasibility study in hand, Summo Minerals (SMA-T) plans to raise US$57 million to build a mine at its Lisbon Valley copper project in southeastern Utah.The property is fully permitted …
Minera Andes signs deal
A Peruvian mining company has set its sights on a silver-gold property held by Minera Andes (MAI-V) in Santa Cruz province of southern Argentina.Lima-based Mauricio Hochschild & Compania recently sign…
Fortune drills Nico
Once results from a 25-hole drill program are in hand, Fortune Minerals (FT-T) expects to release an updated resource estimate for the Nico cobalt-gold-bismuth deposit 160 km northwest of Yellowknife,…
Inco stakes new ground in Voisey’s Bay area
For the first time in years, the Voisey’s Bay region of Labrador is showing signs of life other than caribou herds sweeping by in search of forage.Local communities are buzzing with news that the gove…
Base-metal miners enjoy favourable week
The report period Sept. 6-12 was not a kind one for the Toronto Stock Exchange. The 300 composite index lost nearly 1,000 points as it fell below the 11,000-point mark on Sept. 8. Despite the poor per…
Canadian Stock Exchange Indices (September 18, 2000)
DateSept. 12Sept. 11Sept. 8Sept. 7Sept. 6HighLowTSE 30010557.0310682.1310819.7911061.6311150.7011401.976717.51Mines & Minerals3652.033672.343651.993627.7736…
Noranda sweetens Rio Algom bid
Noranda (NOR-T) has raised its hostile takeover offer for Rio Algom (ROM-T) by $3 to at least $27.50 in cash per share.This revised offer trumps Billiton’s all-cash offer of $27 per share, w…
Wolfden acquires High Lake deposit
A recent agreement with Aber Diamond (ABZ-T) allows Wolfden Resources (WOLF-C) to boost its stake in the High Lake base metal deposit, 45 km south of Coronation Gulf, Nunavut.Once this acquisition and…
MAC plans to reduce emissions
The Mining Association of Canada (MAC) recently told federal, provincial and territorial mines ministers that it is stepping up efforts to improve energy efficiency and reduce greenhouse gas emissions…