PEOPLE (September 09, 2002)
BHP Billiton — David Munro appointed vp.Dofasco — Walter Bilenki appointed vp, finance; Joe Neri appointed president, powerlasers and Howard Woods appointed general manager, Dofasco USA.Mineral I…
News
Net-based software helps users make decisions
Perth, Australia-based Intierra has developed software that monitors the global resource industry.Subscribers will receive, via the Internet and in map form, information on Australian geoscience and f…
Redcorp aims drill at Hawk in BC
Redcorp Ventures (RDV-T) has launched a 1,500-metre drill program on its Hawk gold project in north-central British Columbia.Surface sampling traced two parallel veins over a 3-km strike length at the…
LME Warehouse Levels (September 09, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 3 (change from August 27 in brackets):Metalstock (tonnes)ChangeAluminium1299525…
Placer cuts hedge book, extends Aurion offer
A day after deciding to reduce its hedge book, Placer Dome (PDG-T) extended its takeover offer for AurionGold, an Australian producer that is itself heavily hedged.By year-end, Placer expects to have …
Nelson sells Tajik assets
Having decided to focus on its oil and gas interests, Nelson Resources (NLG-T) is selling its 44% stake in the Jilau gold mine in Tajikistan.The buyer is London-listed Avocet Mining, which will give N…
Lending Rates (September 09, 2002)
As of 4 pm ET, Sept. 3, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.78LIBOR US$ 6-month1.75LIBOR US$ 1-year1.81Gold lease 3-month0.28Gold leas…
Novicourt takes a loss in second quarter
Noranda’s (NRD-T) 62.1%-owned base metal subsidiary, Novicourt (NOV-T), continues to suffer the ills of low copper and zinc prices.The company posted a second-quarter loss of $130,000 (or nil per shar…
Bullmoose slashes workforce
Vancouver — The Bullmoose coal mine in northeastern British Columbia is reducing its workforce as the deposit nears depletion.Forty-three employees were recently laid off, reducing the total workforc…
Mountain Province soars on release of diamond counts
Spooked by more dreary economic figures down south, sellers outpaced buyers here at home to leave the broad market 201.79 points behind. The Toronto Stock Exchange Composite Index finished the holiday…
Akrokeri-Ashanti in the red
Delays in getting the new Knelson concentrators and cyclone recovery equipment online contributed to a quarterly loss for Akrokeri-Ashanti Gold Mines (YAG-V).During the three months ended June 30, the…
Western markets remain sluggish
Vancouver — Canada’s junior bourse edged up slightly over the holiday-shortened trading week ended Sept 3. The TSX Venture Exchange composite index added 0.73 of a point, or 0.07% of its value, to cl…