Inco stakes new ground in Voisey’s Bay area
For the first time in years, the Voisey’s Bay region of Labrador is showing signs of life other than caribou herds sweeping by in search of forage.Local communities are buzzing with news that the gove…
2000
Canadian Stock Exchange Indices (September 18, 2000)
DateSept. 12Sept. 11Sept. 8Sept. 7Sept. 6HighLowTSE 30010557.0310682.1310819.7911061.6311150.7011401.976717.51Mines & Minerals3652.033672.343651.993627.7736…
Prospector celebrates centennial
Former prospector Frank Hoey is literally 100 years young.At the one-century mark, Hoey still lives on his own, reads without glasses, owns a baseball cap with the words “Frank The Rock Hoey” printed …
Noranda sweetens Rio Algom bid
Noranda (NOR-T) has raised its hostile takeover offer for Rio Algom (ROM-T) by $3 to at least $27.50 in cash per share.This revised offer trumps Billiton’s all-cash offer of $27 per share, w…
Base-metal miners enjoy favourable week
The report period Sept. 6-12 was not a kind one for the Toronto Stock Exchange. The 300 composite index lost nearly 1,000 points as it fell below the 11,000-point mark on Sept. 8. Despite the poor per…
Wolfden acquires High Lake deposit
A recent agreement with Aber Diamond (ABZ-T) allows Wolfden Resources (WOLF-C) to boost its stake in the High Lake base metal deposit, 45 km south of Coronation Gulf, Nunavut.Once this acquisition and…
Cominco flashes green light for Pend Oreille
With the Sullivan and Polaris mines scheduled to close in the next two years, Cominco (CLT-T) will spend US$70 million to reopen the past-producing Pend Oreille zinc-lead mine near Metaline Falls in n…
MAC plans to reduce emissions
The Mining Association of Canada (MAC) recently told federal, provincial and territorial mines ministers that it is stepping up efforts to improve energy efficiency and reduce greenhouse gas emissions…
GREATEST VALUE TRADED, Sept. 6-12
ExchgVal($000s)HighLowCloseChangeAlcoa*N 360517 34.12 30.00 30.19 – 3.62…
Metal Prices (September 18, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 12Sept. 11Sept. 8Sept.
Darryl Lake to address Toronto CIM meeting
If you think drilling core from a comet travelling in space sounds like science fiction, you’re probably not alone. But Darryl Lake, chief executive officer of the Northern Centre for Advanced Technol…
CDNX loses momentum owing to technology sell-off
Canada’s junior exchange finished the trading week ended Sept. 12 flat, with losses in the technology index offset by gains in the mining and oil and gas sectors. This is a reversal of the trend at th…