Metal Prices (August 13, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAug.7Aug. 6Aug. 3Aug. 2Aug. 1Aluminium1356/1386…
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LME WHSE LEVELS (August 13, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 7/01 (change from July 31 in brackets):MetalStock (tonnes)ChangeAluminium665175(…
BC gov’t rolls out exploration incentive
The newly elected British Columbia government has rolled out several incentives to boost mineral exploration and mining in the province, the most significant being a 20% flow-through share tax credit….
Global capital flows
A striking feature of international capital flows during the past year was the dominant position of the United States as a recipient of flows, according to a report by the International Monetary Fund …
Northern Miner Indices (August 13, 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…
TSE Shorts (August 13, 2001)
Short positions outstanding at July 31, 2001Larger individual positions include:Agnico-Eagle 399893 up 193974; Alcan Inc. 1179917 down 135266; Anderson 5,367,864 up 741,970; Barr…
Niocan raises funds
Junior Niocan (NIO-T) is raising a minimum of $1.3 million via a private placement, with proceeds earmarked for work at the Oka niobium project, west of Montreal, Que.Privately held investment company…
Obituary – Ian Bayer
Ian Bayer, former president and chief executive officer of Battle Mountain Gold and Hemlo Gold Mines, has died. He was 62.Bayer was born in Sydney, N.S., in 1939 and graduated from Acadia University. …
Dundee boosts stake in Major Drilling
Investment firm Dundee Precious Metals (DPM-T) has acquired 300,000 shares of Moncton, N.B.-based Major Drilling Group International (MDI-T) at $3.76 per share. As a result, Dundee nows holds an 11.8%…
News – 13-AUG-01
Affinity group fraud
Among the more notorious scams that occurred in Arizona was a 1980s scheme centred on operations at a suspect gold mine near Rich Hill, northwest of Wickenburg. Phoenix-based Tracon International sold…
Placer’s Cristinas deal stirs up controversy
Although trading volumes were low during the holiday-shortened report period of Aug. 1-7, there were nonetheless several developments in the Canadian mining scene.Reuters reported that Venezuelan stat…