Funds buy on expected demand strength
Fund enthusiasm for base metals continued unabated in the report period Jan. 17-21. Large volumes of speculative money flowed into the market, pushing both copper and aluminum to fresh peaks for the c…
Articles by Northern Miner Staff
Producer and Dealer Prices (January 31, 2000)
Antimony: Mid-mkt US$1,200/t.Bismuth: Mid-mkt US$3.90/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$13.70-15.60/lb.Copper: Comex Mar. US$0.8425/lb.Indium: I…
MEETINGS (January 31, 2000)
Feb 1 Canaustra — annual, generalFeb 1 Condor — annual, generalFeb 2 Arena — annual, specialFeb 2 Donrand — general, specialFeb 2 Hixon –…
BacTech, partners test copper bio-leaching
Toronto-based BacTech Metallurgical Solutions (BACO-C) is about to reach a milestone in northeastern Mexico as it prepares to build a pilot plant capable of treating copper ore using bacterial oxidati…
CORRECTION (January 31, 2000)
Goldcorp (G-T) has US$45 million in cash and short-term assets. Incorrect information appeared in our Jan. 24 issue.
Altoro expands Esbarro prospect
The remaining 13 holes of an 18-hole drill program at the Pedra Branca platinum-palladium project in northeastern Brazil have returned encouraging values for Altoro Gold (ATG-V).Targeting near-surface…
Foran advances McIlvenna
Deep drilling by Foran Mining (FOM-V) at its McIlvenna Bay zinc-copper-gold deposit in Saskatchewan continues to intersect polymetallic mineralization.Hole 120A, drilled near the western edge of the d…
Sulliden cuts narrow gold
A 10-hole drill program by Sulliden Exploration (SUE-M) has failed to replicate previous promising surface results from the Santo Toribio project in west-central Peru. The company will now target a si…
METAL PRICES (January 31, 2000)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateJan. 25Jan. 24Jan. 21Jan. 20…
CDNX rides the hi-tech bull
The Canadian Venture Exchange broke a new record in the report period ended Jan. 25, gaining 174.37 points, or 6.26%, and closing at 2,785.82. Hi-tech and Internet stocks continued to dominate the mos…
Battle for Dukat project heats up
An arbitration court in the northeastern Russian region of Magadan has agreed to hear a case aimed at overturning Moscow-based Kaskol Group’s winning bid for assets of the Dukat silver mine. The rulin…
Diavik refused permit
Canada’s Department of Indian Affairs and Northern Development (DIAND) has refused to issue Aber Resources (ABZ-T) and London-based Rio Tinto (RTP-N) an interim land use permit for the US$1.3-billion …