News


Sherritt Partnership adds coal to fire

Faced with a revised takeover bid by the Sherritt Coal Partnership II, Calgary-based Fording (FDG-T) has postponed until Jan. 3 its special shareholders’ meeting originally slated for Dec. 20.Fording’…



LME Warehouse Levels (December 23, 2002)

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 17 (change from Dec. 10 in brackets):MetalStock(tonnes)ChangeAluminium1247075(-3…


Perseverance on hold

With zinc prices foundering in the US33-to-36-per-lb. range, Noranda (NRD-T) has decided to postpone development of the Perseverance project, near Matagami, Que.Noranda’s president of zinc operation…


Pan Am date extended

Before the merger with Pan American Silver (PAA-T) can close, Corner Bay Silver (BAY-T) has to secure a water source for a proposed heap-leach operation at the Alamo Dorado project in Sonora state, Me…


Montana judge dismisses Canyon suit

A judge in Helena, Mont., has thrown out a lawsuit by Canyon Resources (CAU-X) that claimed a 1998 state ban on cyanide use in gold mines illegally blocked plans for an open-pit mine near Lincoln, 300…


LionOre execs receive exploration awards

LionOre Australia’s chief geologist, Mark Bennett, has won the Prospector of the Year Award from the Australian branch of the Association of Mining & Exploration Companies (AMEC).The award recognizes …


Peer review not the problem

Although I have not delved into the subtleties of the applied statistics vs. geostatistics debate, I wish to offer an emphatic response to the final paragraphs of Mr. J. Merks’s letter, which appeared…



Northern Miner Indices (December 23, 2002)

NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T21.9%FalconbridgeFL-T4.2%Freeport BFCX.B-N5.0%GoldcorpG-T5.2%IncoN-T7.7%Meridian GoldMNG-T4.7%Newmont MiningNEM-N24.8%Noranda…


Golds show life signs

U.S. markets moved sideways over the reporting period Dec. 11-17, but the mining stocks, particularly the golds, ran up substantially. The Dow, which fell 38.87 points to 8,535.39, was down slightly, …


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