Canadian Stock Exchange Indices (September 16, 2002)
DateSept. 10Sept. 9Sept. 6Sept. 5Sept. 4HighLowTSX Composite6544.226522.226479.756484.946517.7…
News
Northway ups stake in Jonpol
Recent insider trading transactions reported by the Ontario Securities Commission include the following:- Alamos Minerals (AAS-V) — Chester Millar, director, bought 63,000 shares at 42-75 apiece an…
Sultan deals Kena to Kinross (September 16, 2002)
Vancouver — Frank Lang-led Sultan Minerals (SUL-V) has inked a deal paving the way for Kinross Gold (K-T) to earn a majority stake in the Kena gold project near Nelson, British Columbia.Under the agr…
South Am dusts off Pimenton
With gold looking comfortably entrenched above US$300 per oz., South American Gold and Copper (SAG-T) has joined a chorus of miners dusting off old gold projects by completing a preliminary feasibilit…
Obituary: Richard Geren
Richard Geren, largely responsible for the development of the iron ore industry in the Schefferville region of Quebec in the 1950s, has died. He was 85.After graduating from Ohio State University with…
Japan considers coal import tax
Japan, one of the world’s largest coal importers, is proposing a tax on coal imports designed to encourage the country’s steel industry and power utilities to move towards “greener” fuels such as natu…
Red Lake exploration shines
Underground drilling at the Red Lake gold mine in northwestern Ontario has cut the deepest and richest section of mineralization ever found there, reports Goldcorp (G-T).Hole 37-032AW returned an asto…
The Trouble Makers
Among the edifying spectacles of the recent World Summit on Sustainable Development were the speeches and public pronouncements of political leaders from three of the major mineral-producing countries…
Exchange Rates (September 16, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 10Sept. 9Sept. 6Sept. 5Sept. 4US$ in C$1.57201.56561.56341.
Hecla gets El Callao deal
After nearly a half year of negotiations, Hecla Mining (HL-N) and Venezuelan state enterprise Corporacion Venezolana de Guayana (CVG) have finalized their leasing agreement on Block B in Venezuela’s v…
Northern Miner Indices (September 16, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T23.2%CamecoCCO-T3.2%FalconbridgeFL-T5.2%Freeport BFCX.B-N5.8%GoldcorpG-T4.2%IncoN-T9.2%Meridian GoldMNG-T2.8%Newmont MiningNE…
Falconbridge drops East Bull (September 16, 2002)
Shares of Mustang Minerals (YMU-V) fell sharply on Sept. 11, after the company announced that its partner Falconbridge (FL-T) was dropping the East Bull Lake PGE property near Sudbury, Ont.The major h…