Gold Fever in BC, Part 2
The exploration and development of porphyry deposits during the 1960s and 1970s had a profound effect on the mining community in British Columbia. Between 1965 and 1987, one out of every four deposits…
News
Alcoa rebounds in Q2
Costcutting enabled Alcoa (AA-N) to turn a respectable profit in the second quarter.The world’s largest aluminum producer earned US$232 million (or US27 per share) on revenue of US$5.2 billion during…
Alcoa receives award
Alcoa Foundation, the charitable arm of Pittsburgh, Pa.-based Alcoa, one of the world’s largest aluminum refiners, has received an award from the Tennessee Department of Environment and Conservation (…
34 die in Ukrainian coal mine
A fire in Ukraine has claimed the lives of 34 miners, bringing the country’s death toll from mining-related accidents to nearly 150 this year.Thirty of the miners were in a trolley descending into the…
PEOPLE (July 15, 2002)
Afri-Can Marine — R.W. Foster appointed resource development manager.Algoma — Glen Manchester appointed senior VP corporate development; Keith McKay appointed VP finance and CFO.Fort Knox…
Queenston revs up printing press
Higher demand for its paper has prompted Queenston Mining (QMI-T) to increase the size of a private share offering.The placement now consists of 6.25 million units priced at 80 apiece. Half the units…
US markets stay weak
Stock markets in the U.S. were little-changed over the holiday-shortened trading period July 3-9. Over four trading days, the Dow Jones Industrial Average managed a 1% gain, to 9,096.09 points, while …
Kinross no longer Greystar insider
Recent insider trading transactions reported by the Ontario Securities Commission include the following:o Alamos Minerals (AAS-V) — Chester Millar, director, bought 70,000 shares at 39-57, sold 139,…
Canadian Stock Exchange Indices (July 15, 2002)
DateJuly 9July 8July 5July 4July 3HighLowTSX Composite7034.847091.987112.467029.787024.08…
Stronger prices tied to US recovery
Base metals markets traded sideways in thin volumes during the report period July 1-5 as U.S. stock markets and the U.S. dollar regained some poise.A more stable outlook for U.S. financial markets wou…
Central Fund closes US$48.5m share issue
Central Fund of Canada (CEF.A-T), a precious metals holding company based in Calgary, has sold 11.6 million class A shares to a syndicate of underwriters led by CIBC World Markets. The proceeds total …
Correction (July 15, 2002)
Two photos accompanying a report on Moydow Mines International (MOY-T) in our July 8-14 issue should have been credited to the company.Also, the final sentence was incomplete. It should have read: “In…