To move a mountain
The timing was ironic and largely unnoticed, but it was indeed interesting to note that at the same time the Montana State Legislature was meeting in Helena to fix a US$50-million hole in the state bu…
News
Lending Rates (September 23, 2002)
as of 4 pm ET, Sept. 17, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.83LIBOR US$ 6-month1.83LIBOR US$ 1-year1.99Gold lease 3-month0.28Gold lea…
Base metals enjoy rally
Sept. 9-13 at a Glanceo Copper — The large net short could enable a rally on a sustainable basis if the economy improves.o Aluminum — U.S. demand data are still weak but show possible early signs of…
NAME CHANGES (September 23, 2002)
Tellis Gold Mining (TLL-V) has changed its name to Bannockburn Resources (BKN-V) on a 1-new-for-3-old-share basis.Brazilian International Goldfields (BGZ-V) has changed its name to…
Aussie success drives LionOre’s growth
Perth, Australia — The last couple of years have been stellar ones for LionOre Mining International (LIM-T). Through timely acquisitions and a string of grassroots discoveries in Western Australia, t…
The Northern Miner — North American Mining Index (September 23, 2002)
74.64 (-0.63)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (September 23, 2002)
78.83 (+1.59)(Sept. 30/98 = 100)…
Newmont, Barrick oversee expansion of Super Pit Down Under
Kalgoorlie, Australia — Nearly 20 years ago, gold entrepreneur Alan Bond used the word “rationalization” to describe the potential for improving profitability by combining all the mining operations i…
Friedland leading the charge in the land of Genghis Khan
The discovery by Ivanhoe Mines (IVN-T) of the world class copper-gold bearing porphyry system at Turquoise Hill in Mongolia’s remote South Gobi region highlights the untapped mineral exploration poten…
Offshore, again
After the collapse of the junior exploration market in the late 1990s, it is an unusual and refreshing experience to see more work being done by junior companies in the Pacific Rim. Perhaps this means…
Spot Prices Wed. September 18, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$317.60+$2.10Silver$ 4.58+$0.05Platinum$552.00+$…
Inco inks Thompson pact (September 23, 2002)
Members of the United Steelworkers of America local 6166, at Inco’s (N-T) operations in Thompson, Man., have approved a 3-year collective agreement.In a press release, the union says the deal “signifi…