The Northern Miner — Small Producers Index (October 14, 2002)
68.52 (-3.94)(Sept. 30/98 = 100)…
News
Ashton, Soquem find eighth kimberlite
Ashton Mining of Canada (ACA-T) and Soquem have wrapped-up a summer field season in the Otish Mountains region of north-central Quebec with the discovery of an eighth kimberlitic body.Renard 8 was fou…
GREATEST VALUE TRADED, OCTOBER 2-8
ExchgVal($000s)HighLowCloseChangeEcho Bay MinesT56131.711.401.42-0.21…
Namco sets production record
Marine diamond miner Namibian Minerals (NMR-T) cranked out 117,050 carats during the July-to-September period, eclipsing the quarterly record of 116,560 carats set in early 1999.”The third quarter is …
Economic uncertainty holds back gold demand
Overall gold demand for jewelry, retail investment, industrial and dental uses amounted to 729 tonnes in the second quarter of 2002, 14% lower than a year earlier, according to a report by the London-…
Alcoa profits nearly halved (October 14, 2002)
U.S. aluminum giant Alcoa (AA-N) has reported a 43% drop in third-quarter earnings, owing to a global oversupply of aluminum and the slow economy.Alcoa, traditionally one of the first major U.S. firms…
Editorial: Colonial minds
Jean Chrtien’s imbecilic remarks last month about how poverty causes terrorism — and his woolly-minded connection of Arab terror to African underdevelopment — show that when uninformed people start…
Nelson Hogg
Nelson Hogg, former exploration manager of eastern Canada for Cleveland-based junior Hanna Mining, has died. He was 86.Hogg received his BSc degree from the University of Toronto in 1940 and enlisted …
NRCan helps conference
Natural Resources Canada has contributed $50,000 to the Naturallia International Forum, to be held Oct. 29-31 in Rouyn-Noranda, Que. The event is designed to help firms broaden their natural-resource …
Legislation without compensation
After 10 years of effort, legislation protecting Canada’s endangered species is likely to become law this fall.Bill C-5 is to receive second reading by the Senate when Parliament reconvenes and, if ap…
Control system proposed for conflict diamonds
The European Commission has proposed fighting the trade in “conflict diamonds” by means of a strict control system.The new regulations target any company caught handling diamonds that fail to meet the…
Zambian miners protest lost wages
About 4,000 miners have burned buildings and marched on government offices in northern Zambia to protest lost wages.Some of the miners have not been paid in six months, and others, who had been laid o…