Billiton reports strong half
Rising metal prices helped Billiton, the world’s third-largest aluminum producer, post a profit of US$241 million for the first half of the major’s fiscal year. Profits for the 6-month period ended De…
2000
Marlene Fipke takes control of Dia Met
As part of a $120-million divorce settlement, Charles Fipke has agreed to transfer all his shares in Dia Met Minerals (DMM-T) to his former wife. The agreement makes Marlene Fipke the largest single s…
Gov’t to spend millions at Kam Kotia
The Ontario government will spend $3 million to clean up the former Kam Kotia mine, a copper-zinc producer near Timmins, Ont., that operated in the 1940s and 1960s.The work is part of a $27-million pl…
Namco profits soar
Stronger production and higher realized prices enabled marine diamond miner Namibian Minerals (NMR-T) to post a tidy profit in 1999.Earnings topped US$17.1 million (or 43 per share) on 1999 revenue o…
Altoro tables rhodium results from Pedra Branca
Junior Altoro Gold (ATG-V) has tabled encouraging rhodium assay results from drill core pulled from the Pedra Branca platinum-palladium project in Brazil.Half of the samples were derived from the Esba…
El Peon off to good start Investment Commentary
Following a visit to the newly opened El Peon gold mine in Chile, National Bank analyst Kerry Smith has issued a “focus buy” recommendation for the mine’s owner and operator, Meridian Gold (MNG-t).”T…
Atna buys stake in Marg property
Junior Atna Resources (ATN-T) has purchased a 66.7% interest in the Marg polymetallic property, near Mayo, Y.T., for $250,000. (The remainder is held by uranium giant Cameco (CCO-T)The property hosts …
Trenton girl wins PDAC essay contest
A grade-seven student from Trenton, Ont., has been named Junior Miner of Ontario for 1999 following an essay competition sponsored by the Prospectors & Developers Association of Canada (PDAC).For her …
St. Elias outlines zone
Channel-sampling by St. Elias Minerals (SLI-V) has outlined a promising gold zone at the Cueva Blanca property in western Peru.The 110-sq.-km property covers a large epithermal alteration system in th…
PFN cuts precious metals near Sudbury
A second phase of drilling at the Janes property in northern Ontario has intersected additional values of platinum group elements for Pacific North West Capital (PFN-T).Hole 19 cut 28.2 metres (from 1…
Phelps Dodge outlines deposit
Phelps Dodge (PD-N) has outlined a copper-gold deposit at its 50%-held Sossego project in northern Brazil.Some 120 drillholes point to a resource of 219 million tonnes grading 1.14% copper and 0.34 gr…
Teck drilling at Loubel’s Lemoine property in Quebec
Following up on last year’s grassroots work, Teck (TEK-T) has begun a drilling campaign at Loubel Exploration’s (LBX-M) Lemoine polymetallic property, 24 km southeast of Chibougamau, Que.The property …