Rio narrows gap with Anglo
Rio Tinto continues to gain ground on Anglo American in its quest for first place among global mining companies, as ranked by the Raw Materials Group in Who Owns Who in Mining 2001.The U.K.-based tita…
News
Grades holding up at Sultan’s Gold Mountain
Vancouver — Results from the first hole in a second round of drilling on the Kena gold property, near Nelson, B.C., have enhanced the bulk-tonnage potential of the Silver King porphyry.Sultan Mineral…
South African strike delayed
At presstime, a national strike at South Africa’s gold mines had been postponed until late July. However, the National Union of Mineworkers (NUM) said the labour action would go ahead at certain coal …
Kirkland Lake to host conference
Sample preparation and laboratory safety will be among the topics discussed at CMA 2001, a conference of the Canadian Mineral Analysts, slated for Sept. 17-20 in Kirkland Lake, Ont.A trade show and se…
Rio Tinto ups SouthernEra stake (July 30, 2001)
London-based mining giant Rio Tinto (RTP-N) has agreed to up its stake in Toronto-based SouthernEra Resources (SUF-T) via a private placement of 2.5 million SouthernEra shares at $3.75 apiece.The move…
Canadian Stock Exchange Indices (July 30, 2001)
DateJuly 24July 23July 20July 19July 18HighLowTSE 3007586.517627.
Metal Prices (July 30, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJuly 24July 23July 20July 19July 18Aluminium1410.50…
TSE Shorts (July 30, 2001)
Short positions outstanding at July 15, 2001Larger individual positions include:Alcan Inc. 1,315,183 down 291,026; Anderson Exploration 4,625,894 down 414,100; Aur Resources 178,188 up 16…
Drilling heats up at Phuoc Son
Vancouver — Drill results from the Bai Go portion of the Phuoc Son gold property in Vietnam have expanded the high-grade core of the mineralization for partners Olympus Pacific Minerals (OYM-V), Ivan…
Hedging boosts Placer Dome’s results
Helped by a hedging program that generated a US$50-premium for every ounce of gold produced at its international stable of mines, Placer Dome (PDG-T) posted a US$49-million profit for the first six mo…
Mindoro permit withdrawn
The cancellation of a key permit by a branch of the Philippine government has forced Crew Development (CRU-T) to suspend development at its nickel laterite project on the island of Mindoro.The licence…
Expo-Ungava yields more PGMs
Having taken another look at some assay pulps from four holes collared by a previous operator on the Expo-Ungava copper-nickel deposit in 1997, Canadian Royalties (CZZ-V) is reporting more platinum an…