Benchmark sinks deeper but gold remains buoyant
Market pessimism is quickly changing from bad to worse, with sellers once again outpacing buyers on both sides of the border. The Toronto Stock Exchange 300 index lost 142.49 points over the Sept. 19-…
News
Field trip examines steel-making
The Toronto branch of the Canadian Institute of Mining, Metallurgy & Petroleum will hold a field trip on Oct. 15 to demonstrate the steel-making process.Participants will visit Larfarge Canada’s Dunda…
Pasminco appoints administrator
Troubled Australian zinc producer Pasminco has appointed an administrator to take over the company’s affairs after a standstill agreement with the company’s creditors broke down in September.Pasminco,…
New trends in platinum demand
Demand for platinum in 2000, at 5.6 million oz., was marginally up on the record level achieved in 1999, but the pattern of consumption was significantly different from that of recent years.Sales to t…
MOST ACTIVE ISSUES, SEPT. 19-25
ExchgVol(000s)HighLowCloseChangeAlcoa*N2747130.6327.3630.04-0.16…
Northern Miner Indices (October 01, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
Ontario restores Kam Kotia mine site
The Ontario government will contribute nearly $7 million toward rehabilitating the historic Kam Kotia copper-zinc-silver mine, near Timmins.The money will be used, in part, to build an interceptor dit…
Major gold exhibit on view in Vancouver
An multi-million-dollar exhibit of ancient and modern gold artifacts is on display at the Pacific Mineral Museum in Vancouver B.C., until Nov. 4.Titled Gold: A Celebration of Beauty, Passion and Treas…
Rio Tinto takes bulk sample from Aredor project
A field season of exploration at the joint-ventured Aredor concession in Guinea has culminated in Rio Tinto’s (RTP-N) taking a 500-tonne test sample of the multi-phase K23 kimberlite.The major can ear…
To analysts: the sky is not falling
The pessimism over the economy that is being preached by star-gazing analysts leaves me on the high side of investor rage.As the commerce barometer retreats from five years of breaking the sound barri…
Robert’s Arm extended to partners
A second phase of drilling in the Buchans-Robert’s Arm volcanic belt of central Newfoundland has come back dry for Altius Minerals (ALS-V) and Inmet Mining (IMN-T).The partners sank one new hole and e…
Fort Knox inches closer to Inco properties
Vancouver — Fort Knox Gold Resources (FNX-T) has moved a step closer in its attempt to acquire five of Inco’s (N-T) properties in Ontario’s Sudbury Basin.The nickel giant has signed a non-binding let…