Staff Investment Policy (June 25, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
News
Canadian Stock Exchange Indices (June 25, 2001)
DateJune 19June 18June 15June 14June 13HighLowTSE 3007702.877707.097816.087920.65…
Newmont eyes closure in regulatory vacuum
Denver — Newmont Mining (NEM-N) will close its nearly depleted Minahasa gold operation at a time when Indonesia’s regulatory regime is weakened by the absence of a strong central government.The US$13…
Barrick exercises Tan Range warrants
By way of private placement, Barrick Gold (ABX-T) has acquired 740,741 shares of Tan Range Exploration (TNX-V), whose main asset is the Itetemia project in the Lake Victoria gold district of western T…
Quebec business elite salute Noranda Magnesium
Quebec’s business community has singled out Noranda’s Magnola metallurgical plant, in Asbestos, for its contribution to the provincial economy.The plant is operated by Noranda Magnesium, a representat…
Nord misses payment
Denver — New Mexico-based Nord Pacific (NPF-T) has failed to make a required payment for the Tritton copper project in New South Wales, Australia, prompting its partner, Australian-listed Straits Res…
Producer and Dealer Prices (June 25, 2001)
Antimony: Mid-mkt US$1,125/t.Bismuth: Mid-mkt US$3.78/lb.Cadmium: Mid-mkt US$0.28/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$10.15-12.75/lb.Copper: Comex May US$0.716/lb.Indium: Ind…
Mine show digs for funding
The Great Canadian Mine Show is in need of additional funding.Since its launch in March at the Toronto convention of the Prospectors & Developers Association of Canada, the show has made stops in the …
Cominco leases Mesaba copper-nickel deposit (June 25, 2001)
Vancouver — Cominco (CLT-T) intends to apply its new hydrometallurgical technology to the Mesaba copper-nickel deposit in northern Minnesota. The company acquired the rights to the large, undeveloped…
Weda Bay advances Halmahera (June 25, 2001)
Vancouver-based Weda Bay Minerals (WDA-T) has tabled a positive prefeasibility study at its laterite nickel-cobalt deposits on the Indonesian island of Halmahera.The study, completed by Kvaerner Proce…
Inco to work on dry laterite at Goro
Dry nickel laterites, which once represented the future of nickel, have been writing their own checkered history over the past three years. Hyped as a revolution in nickel production, they have turned…
Australia top destination for exploration spending
Australia attracted 17.3% of global exploration funding last year, more than any other country in the world, though spending fell 19% to A$676.3 million from the previous year. Gold was the main targe…