Nord misses payment
Denver — New Mexico-based Nord Pacific (NPF-T) has failed to make a required payment for the Tritton copper project in New South Wales, Australia, prompting its partner, Australian-listed Straits Res…
News
Cominco leases Mesaba copper-nickel deposit (June 25, 2001)
Vancouver — Cominco (CLT-T) intends to apply its new hydrometallurgical technology to the Mesaba copper-nickel deposit in northern Minnesota. The company acquired the rights to the large, undeveloped…
Campbell completes merger
With final approvals in hand, Campbell Resources (CCH-T), MSV Resources (MSV-T) and GeoNova Explorations (GNE-M) expect to complete their proposed merger by the end of June.The deal calls fo…
PEOPLE (June 25, 2001)
Avalon — R.J. Anderson appointed VP finance and CFO.Canarc — Leonard Harris and Stephen Peck appointed directors.Cogema — Tim Gitzel appointed president and CEO; Vincent Martin appoint…
Madrid drilling complete (June 25, 2001)
Vancouver — Having completed 95 drill holes over the Madrid portion of the Hope Bay project in Nunavut, partners Miramar Mining (MAE-T) and Hope Bay Gold (HGC-T) have expanded the Naartok and Suluk z…
Fire assaying taught in Montana
A short course in fire assaying will be held at Montana Tech, part of the University of Montana, from Aug. 19 to 24.The event, titled “Fundamentals and Applications of Fire Assay,” is being organized …
Market weakens entering summer
Denver — The Dow Jones industrial average slumped 351.71 points, or 3.2%, to 10,596.67 for the report period ended June 19, as the market slipped into the summer doldrums. The Nasdaq dipped below 2,0…
GREATEST VALUE TRADED, JUNE 13-19
ExchgVal($000s)HighLowCloseChangeAlcoa*N 686587 41.38 37.20 37.60 – 2.90…
Exchange Rates (June 25, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 19June 18June 15June 14June 13US$ in C$1.53291.53351.52191.5…
LME Warehouse Levels (June 25, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 19/01 (change from June 12 in brackets):MetalStock (tonnes)ChangeAluminium615725…
Crew aids Asia Pacific
Potash explorer Asia Pacific Resources (APQ-T) has raised $3.1 million by privately placing 5.6 million units. Crew Development (CRU-T) subscribed to 4 million of the units to increase its interest in…
Tri Origin explores Kazan
Junior Tri Origin (TOE-V) has completed a private placement with Britain’s Billiton.The major bought 800,000 units at 25 apiece and exercised 274,511 Series G warrants it acquired through its takeove…