Stronger loonie bites PCS
Potash Corp. of Saskatchewan (POT-T) has lowered its second-quarter earnings expectations thanks mostly to a streng…
News
Trading Summary (June 16, 2003)
With just the energy subindex in the red at day’s end, the Toronto Stock Exchange tacked on 88.72 points to end Mon…
Cancio tables more Onca drill results
Vancouver — Canico Resource (CNI-V) tabled more results from its ongoing infill drilling campaign at the Onca ridg…
Xstrata gets court nod (June 16, 2003)
The Supreme Court of Queensland has approved London-listed Xstrata’s A$4.9-billion cash-and-debt takeover of Aussie…
Stillwater shareholders say “da” to Norilsk
Shareholders of Stillwater Mining (SWC-N) have given the green light to Norilsk Nickel’s cash-and-metal offer for 5…
Tirisano surrenders rare stone
Partners Etruscan Resources (EET-T) and partner Mountain Lake Resources (MOA-V) have recovered a potentially rare 1…
Editorial Cartoon (June 16, 2003)
The Northern Miner Indices (June 16, 2003)
North American Mining: 72.34 (+1.59)Small Producers: 66.93 (+2.22)(Sept. 30/98 = 100)…
Falco slashes Kidd workforce by 10%
With the planned 9-week shutdown of the Kidd metallurgical site already extended by a month, Falconbridge (FL-T) intends to cut 85 jobs at the Ontario operation.The jobs will be cut over three months …
New kimberlite camp emerges north of Rankin Inlet
A $3-million investment to acquire a 14% minority stake in the Churchill diamond project in Nunavut is already paying dividends for BHP Billiton (BHP-N). The major reports that two separate kimberlite…
Umicore buys OM’s precious metals business
Cleveland, Ohio-based cobalt giant OM Group (OMG-N) is selling its precious metals business to Umicore (formerly Union Minire) of Belgium for E643 million, or US$752 million, in cash.Umicore will als…
LME Warehouse Levels (June 16, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 10 (change from June 3 in brackets):MetalStock(tonnes)ChangeAluminium1126225(-71…