Canada and global mining
The management of Canada’s mineral wealth and resources has had numerous benefits for the country. These benefits are the direct result of Canadians working here and abroad.For the mining industry to …
News
Boliden seeks partners at Lomas Bayas, Myra Falls
Higher production and improved copper and zinc prices helped Boliden (BOL-T) to an operating profit in the three months ended Sept. 30, but further writedowns on the balance sheet — including a US$19…
Inco proves merits of ‘tele-operated’ mining
Ontario’s minister of northern development and mines, Tim Hudak, recently set off the world’s first underground explosion via a computer stationed above ground at Inco’s experimental mine, near Sudbur…
PEOPLE (November 06, 2000)
Adventure Mnrls — D.D. Dick, W.A. Hansen and G.W. Martin appointed directors.Ariel Res. — A.W. Lilly appointed director.Bargold — Catherine Zammito, Anthony Ciali and C.A. Peyton appoi…
LME Warehouse Levels (November 06, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 31/00 (change from Oct. 24 in brackets):MetalStock(tonnes)ChangeAluminium331850(…
Noranda
Vancouver — Improved earnings from coal operations and Cominco’s (CLT-T) solid financial performance helped Teck (TEK-T) post an impressive third-quarter profit.The Vancouver-based major tabled earni…
Metal Prices (November 06, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 31Oct. 30Oct. 27Oct. 26Oct. 25Aluminium1469/14…
Imperial drills new discovery
A zone of massive sulphide mineralization has been discovered at surface on claims wholly owned by Imperial Metals (IPM-T), 7.5 km from its Goldstream mill, near Revelstoke, B.C.Results from nine chan…
Merger part of Etruscan strategy
In an attempt to expand its African holdings, Etruscan Resources (EET-T) has entered into an agreement to merge with Mountain Lake Resources (MOA-V).Subject to due diligence, the companies plan to mer…
Weak gold price spells loss for Newmont
Denver — Despite strong cash flow, Newmont Mining (NEM-N) incurred a loss of US$18.7 million (or 11 per share) in the third quarter, compared with a loss of US$39 million (23 per share) in the corr…
GREATEST VALUE TRADED, Oct. 25-31
ExchgVal($000s)HighLowCloseChangeAlcoa*N 708828 29.06 24.06 28.69 + 3.75…
Check-sampling yields low values from ‘high-grade’ project
Check-sampling by Brett Resources (BRN-V) has returned low gold values from previously reported “high grade” areas at the Victoria project in northern Bolivia, near the Peruvian border.The junior bega…