Canadian Stock Exchange Indices (March 04, 2002)
DateFeb. 26Feb. 25Feb. 22Feb. 21Feb. 20HighLowTSE 3007567.477512.467426.647418.147431.79…
News
Pannell replaces Hushovd at Falconbridge (March 04, 2002)
After five years at the helm of Falconbridge (FL-T), Oyvind Hushovd has been replaced by Derek Pannell, who is also president of Noranda (NRD-T).Hushovd’s sudden replacement ends a 27-year career that…
Hope on the horizon
At the annual meeting of the Mining Association of Canada, retiring president Alfred Powis, head of Noranda Mines, reviewed the obstacles and difficulties that have beset the industry in recent years….
NAME CHANGES (March 04, 2002)
Colerain Mining (CRI-V) has changed its name to Amex Exploration (AMX-V) on a 1-new-for-10-old-share basis.Battlefield Mineral (BFM-V) has changed its name to BM Diamondcorp…
Yatela props up Iamgold
Thanks to newfound production from the Yatela mine in western Mali, Iamgold (IMG-T) set a production record in 2001.The company, which owns 40% of Yatela and 38% of its bigger sister, Sadiola, produce…
Hushovd’s exit fuels speculation over Falco’s future
The biggest surprise of the Feb. 20-26 report period was the sudden departure of long-time Falconbridge president and CEO Oyvind Hushovd, which apparently was related to a conflict with the management…
Waterloo drilling yields high-grade nickel
Follow-up drilling by LionOre Mining International (LIM-T) has cut more high-grade nickel mineralization at the newly discovered Waterloo zone on the Wildara property in Western Australia.Diamond dril…
CDNX slides further into bear country (March 04, 2002)
Vancouver — Canada’s junior exchange lost ground over the week ended Feb. 26. The Standard & Poor’s-CDNX composite index dropped 11.3 points, or 1%, to close at 1105.65.Madison Enterprises was the we…
Gencor faces R1-billion suit
Johannesburg-listed Gencor, is facing more than R1 billion in claims from people with asbestos-related illnesses.Lawyers are preparing 3,500 claims totalling R1 billion in compensation from Gencor, wh…
Tantalum use slated to rise
Global demand for tantalum has increased strongly since the mid-1990s, exhibiting annual growth of 24% to reach a peak of more than 2,600 tonnes Ta2O5 in 2001, according to a report by London-based Ro…
Agnico-Eagle posts mixed results for ’01
As a result of the first full year of production at the expanded LaRonde mine in Rouyn-Noranda, Que., Agnico-Eagle Mines (AGE-T) enjoyed solid operating results in 2001. However, the higher output did…
Kennecott provides metals for medals
The mining community shared in the glory at the 2002 Winter Olympic Games in Salt Lake City, Utah, last month. That’s because the medals distributed were made of metals from the Kennecott Utah Copper …