2002

BHP Billiton knocks down Tower

BHP Billiton (BHP-N) is closing the Tower coal mine in New South Wales, Australia, as part of an ongoing effort to cut costsTower is one of four underground mines that constitute the Illawarra operati…


CanTung ships first concentrate (February 25, 2002)

Vancouver — North American Tungsten (NTC-V) has completed its first shipment of high-grade clean tungsten concentrate. The concentrate was shipped to Sandvik AB of Stockholm and Osram Sylvania Produc…


Corner bay tops up till

Junior Corner Bay Silver (BAY-T) has raised $4.5 million in several private placements comprising 1.8 million shares in all. Proceeds are earmarked for the advanced Alamo Dorado silver-gold project in…


LME Warehouse Levels (February 25, 2002)

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 19 (change from Feb. 12 in brackets):MetalStock (tonnes)ChangeAluminium898025(+2…





Getchell mine pushes Placer into red

Vancouver — Placer Dome (PDG-T) posted a US$29-million profit during the fourth quarter of 2001, but US$301 million in writedowns pushed the company US$133 million into the red for the year.Quarterly…


Faro agreement nixed

The federal Department of Indian and Northern Affairs, the Yukon government and Teck Cominco have terminated their memorandum of understanding (MOU) on the management of assets at the defunct Faro bas…


Producer and Dealer Prices (February 25, 2002)

Antimony: Mid-mkt US$1,125/t.Bismuth: Mid-mkt US$3.25/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.60-7.20/lb.Copper: Comex Mar. US$0.7075/lb.Indium: Ind…




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