Deal paves way for Diavik diamond mine
Vancouver — An agreement has been reached among local native leaders, the federal government and Diavik Diamond Mines regarding the environmental reclamation bond and other land-use issues affecting …
Articles by Northern Miner Staff
Grupo Mexico increases production
The acquisition of Asarco enabled Grupo Mexico to boost its copper output in 1999, whereas zinc and silver production were lower than in the previous year.Copper production reached 495,723 tonnes, inc…
Fortune heads back to Mazenod Lake
Fortune Minerals (FT-T) has inked a contract for a 4,900-metre drilling program at its Nico polymetallic project in the Northwest Territories, and expects to have a revised resource estimate on the pr…
West takes East back to school in MM2000 contest
Team West beat Team East 11-0 in a friendly hockey game for industry professionals held during the Mining Millennium 2000 convention in Toronto.Tom Schroeter, Western squad captain and geologist at th…
500 jobs lost as Quintette Coal shuts down
Plagued by dropping coal prices and high production costs, Quintette Coal and Teck have decided to close the Quintette coal mine, near Tumbler Ridge, B.C.The announcement comes less than three months …
Producer and Dealer Prices (March 13, 2000)
Antimony: Mid-mkt US$1,160/t.Bismuth: Mid-mkt US$3.90/lb.Cadmium: Mid-mkt US$0.19/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US…
EXCHANGE RATES (March 13, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMar. 7Mar.
MOST ACTIVE ISSUES, March 1-7
ExchgVol(000s)HighLowCloseChangeCasmyn Corp *Q 43729 0.53 0.01 0.02 – 0.02…
GREATEST VALUE TRADED, March 1-7
ExchgVal($000s)HighLowCloseChangeAlcoa*N 685915 70.81 64.62 64.94 – 3.56…
Yanacocha boosts earnings
In 1999, Compania de Minas Buenaventura (BVN-N) earned US$45 million (or 72 per American Depository Receipt), compared with US$30 million (48 per ADR) in the previous year.The profit was largely a r…
NAP eases labour tension at Lac des les
North American Palladium (PDL-T) has reached an agreement with unionized workers at the Lac Des les palladium-platinum open-pit mine, north of Thunder Bay, Ont.Members of the United Steelworkers of A…
TVX takes writedown
Toronto-based TVX Gold (TVX-T) will take a $64-million, one-time, non-cash charge against its 1999 earnings, reflecting the original purchase price of the Stratoni lead-zinc operation in Greece.The wr…