Minera Andes inks Argentine deal with Hochschild
Denver — Minera Andes (MIA-V) will begin drilling on the El Pluma-Cerro Saavedra silver-gold property in southern Argentina once it completes a joint-venture deal with Peru-based Mauricio Hochschild …
News
Nevada court dismisses Campo Morado suit
A Nevada court has ruled against David Hermiston in a claim launched by a unit of Farallon Resources (FAN-T), thus ending all but the final chapter in a long-running dispute over ownership of the Camp…
Producer and Dealer Prices (April 02, 2001)
Antimony: Mid-mkt US$1,320/t.Bismuth: Mid-mkt US$4.05/lb.Cadmium: Mid-mkt US$0.22/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$13.00-14.50/lb.Copper: Comex May US$0.792/lb.Indium: Ind…
GREATEST VALUE TRADED, MAR. 21-27
Value($000s)HighLowCloseChangeAlcoa*N…
Miramar posts loss despite improved mining
The Con and Giant mines, operated by Miramar Mining (MAE-T), exceeded expectations during the last quarter of 2000, allowing the company to generate positive cash flow from operations despite low gold…
High grades at River Valley
Vancouver — Results from an ongoing 11,000-metre drill program by Pacific North West Capital (PFN-V) continue to show high-grade zones within a broad envelope of lower-grade mineralization at the Riv…
Port Colborne residents sue Inco
A group of residents from Port Colborne, Ont., have filed a class-action lawsuit against Inco (N-T), the Ontario Ministry of the Environment, the region of Niagara, the city of Port Colborne and the c…
Writedowns cut into Geomaque’s year
Non-cash writedowns forced Geomaque Explorations (GEO-T) to post a loss of US$13.6 million (or US25 per share) for 2000.The writedowns resulted from reductions in the carrying value of the Vueltas de…
LME Warehouse Levels (April 02, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 27/01 (change from March 20 in brackets):Aluminium476800(-1000)…
Seahawk tables resource
Vancouver — The Piteiras emerald prospect in eastern Brazil contains 789,000 tonnes grading 112 carats per tonne, according to an independent estimate.Denver-based Seahawk Minerals (SKM-V) reports th…
Rio sells North’s forestry assets
Denver — Rio Tinto (RTP-N) has unloaded a forestry products subsidiary onto a Tasmanian company for A$335 million in cash, which could be used to sweeten the bid for the Labrador Iron Ore Royalty Inc…
Phelps Dodge slashes output
Denver — As anticipated, Phelps Dodge (PD-N) will cut copper production at operations in New Mexico and Arizona in response to higher energy costs.Most of the cutbacks will occur at the Chino operati…