Spending up in Nfld.
Exploration expenditures in Newfoundland in 2001 totalled $25 million, up slightly from $23 million in 2000. During 2001, 15,663 claims were staked compared with 12,969 in 2000.The increase in expendi…
News
Song contest nets winner $500
Alex Berthelot, Jr. of Elliot Lake, Ont., has won a songwriting contest sponsored by the Canadian Mining Hall of Fame. The lyricist, who was one of more than 40 contestants, was presented with the awa…
Oversubscribed UK auction revitalizes gold miners
Despite pre-auction jitters, gold soared $8.60 over the Jan. 9-15 report period to land at a London morning fix of US$287.95 per oz. on Jan. 16.On that day, the Bank of England sold another 20 tonnes …
Base metals surprisingly buoyant as new year begins
Against most expectations, including our own, base metals have opened the year in buoyant mood. Early in the report period Jan. 7-11, they sparked sharply higher in response to fresh buying by commodi…
Coal miner AfriOre goes for gold in Africa
Looking to shift gears again, metal-explorer-turned-coal-miner AfriOre (AFO-T) intends to bring another South African coal operation into production with an eye toward becoming a gold producer.The com…
NAME CHANGES (January 21, 2002)
Britannia Minerals (BM-V) has changed its name to Nanotek (NTK-V) on a 1-new-for-1-old-share basis.Cascade Metals (CEM-V) has changed its name to American Gold Capital (AA…
Junior stakes Otish property
The Northair Group’s Northern Empire Minerals (NEM-V) has acquired, through staking, a 77-sq.-km property in the heart of the Otish Mountains area of Quebec.The La Croix property is 35 km east of Asht…
The Northern Miner — North American Mining Index (January 21, 2002)
76.61 (+6.52)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (January 21, 2002)
55.21 (+4.51)(Sept. 30/98 = 100)…
Taseko closes Gibraltar financing
Vancouver — Taseko Mines (TKO-V) has an exclusive right to acquire a limited partnership that has raised $1.8 million to research technology aimed at reviving the Gibraltar copper mine, near Williams…
MOST ACTIVE ISSUES, JANUARY 9-15
ExchgVol(000s)HighLowCloseChangeNewmont Mng*N2815220.7518.8820.60+1.90…
Daily Metal Prices (January 21, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 15Jan. 14Jan. 11Jan. 10Jan. 9Aluminium1379/139…