Northern Miner Indices (March 11, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mini…
News
News – 11-MAR-02
BC gov’t sets mining goals
The provincial government will do whatever it can to put British Columbia back on top of the mining industry, and I want to thank those companies that have stayed in the province and toughed it out.Am…
Shear takes break in Alberta
Vancouver — Shear Minerals (SRM-V) has halted its Birch Mountain diamond exploration program in Alberta owing to the removal of winter road systems (for oil and gas companies) and a warming weather t…
Barometer rising
The annual meeting of the Prospectors and Developers Association of Canada is traditionally the time when people in the Canadian mining industry take the temperature and pulse of their business. Every…
PNWC active at River Valley
Sudbury, Ont. — With support from Anglo American Platinum, its joint-venture partner, Pacific North West Capital (PFN-T) is endeavouring to double the resource at the River Valley platinum group meta…
TVX learns ABCs of Greek law
Greece’s highest administrative court, the Conseil d’Etat, has stripped TVX Gold (TVX-T) of its right to develop the Olympias project as was envisaged in a 2000 feasibility study.Olympias, with reserv…
Codelco opts out of Disputada bid (March 11, 2002)
Vancouver — Copper miners continue to adjust to low global prices, with Grupo Mexico considering further production cuts and Corporacion Nacional del Cobre de Chile (Codelco) opting out of the contes…
NAME CHANGES (March 11, 2002)
International Riley (IRR-V) has changed its name to Wind River Resources (WRR-V) on a 1-new-for-5-old-share basis.Island-Arc Resources (IAR-V) has changed its name to Island Arc Exp…
Jonpol nabs Red Lake ground
Junior Jonpol Explorations (JON-T) has acquired a small gold property in the Red Lake area of northern Ontario.The Toronto-based company paid $14,000 and must pay an additional $50,000 by 2004. The ve…
Slam bullish over Bathurst area project
Vancouver — A 6-hole drill program by Slam Exploration (sxl-v) has returned encouraging polymetallic values from the O’Hearn-Strachens massive sulphide property, near Bathurst, N.B.Five of the holes …
Newmont to grab remaining Normandy shares
Having acquired more than 90% of Normandy’s outstanding shares, Newmont Mining (NEM-N) plans to exercise its rights under Australian law and acquire all the shares of Normandy it does not already own….