Cassiar raises funds, appoints sales agent
Toronto-based Cassiar Magnesium (CIR-T) is forging ahead with plans to expand asbestos production and develop a magnesium metal project at its newly revived Cassiar operation in northern British Colum…
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Northern Miner Indices (October 16, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.6ComincoCLT-T4.0FalconbridgeFL-T6.9Franco-Nevada MiningFN-T5.3Freeport McMoRan Cop’r BFCX-N4.6Homestake MiningHM-N4….
Producer and Dealer Prices (October 16, 2000)
Antimony: Mid-mkt US$1,825/t.Bismuth: Mid-mkt US$3.35/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$14.90-18.00/lb.Copper: Comex Dec. US$0.9055/lb.Indium: I…
Copper, nickel prices under pressure
Base metals markets did their best to rain on the parade of the annual industry gathering in London. Fund liquidation saw copper and aluminum prices both shed around US$60 per tonne early in the repor…
Stillwater mine watch continues
Mining analysts are keeping a close watch on Stillwater Mining (SWC-A) as it struggles to expand operations at its namesake mine in the Beartooth Mountains of Montana.Roger Chaplin of Canaccord Capita…
Rubicon to drill Lewis Lake
Rubicon Minerals (RMX-V) has begun drill-testing eight targets at the Lewis Lake massive sulphide property in north-central Newfoundland.The program is being funded by Billiton Exploration Canada, whi…
EVENTS (October 16, 2000)
Oct. 20-22 Gem Conference 2000: Diamonds in the New Millennium. — Organizer: Vancouver Community College, Sheraton Wall Centre, Vancouver, B.C. Contact: Donna Hawrelko. Tel: (604) 926-2599. Fax: (604…
SouthernEra tests MacKay Lake for Snap Lake extension
Toronto-based SouthernEra Resources (SUF-T) will drill a second hole on its MacKay Lake property in order to test for extensions of the Snap Lake kimberlite dyke complex.Situated in the Northwest Terr…
De Beers ups Ashton Mining bid to A$745m
South Africa’s De Beers Consolidated Mines (DBRSY-Q) has announced a new cash offer of A$2.28 per share for Australian-listed Ashton Mining, trumping Rio Tinto’s (RTP-N) A$1.85 bid by A43, or…
EuroZinc to boost output
The addition of a cone crusher will enable EuroZinc Mining (EZM-V) to expand projected mill throughput to 1.8 million tonnes per year at the Aljustrel zinc-copper-lead project in southern Portugal.The…
NAP raises more funds
North American Palladium (PDL-T) is proceeding with a $220-million equity financing to help fund an expansion program at its Lac des les palladium mine in northwestern Ontario.Lac des les, in additi…
Juniors hot on trail of African gold
Undaunted by low gold prices and the challenges of working in Africa, a host of junior explorers have made gold discoveries during recent drilling campaigns on the continent.In Ghana, West Africa, ong…