Markets nosedive into new year
Stock trading on the first business day of 2001 was decidedly rocky, as fear of a slowdown in the U.S. economy spread north of the border and took its toll on markets here.The bellwether Toronto Stock…
News
Cambior granted extension
Key lenders to Cambior (CBJ-T) have granted the company a 2-week extension for the completion of its financial restructuring plan, giving the company more time to arrange and consolidate its debt.Camb…
Partners test Birch Lake zones
Partners Wolfden Resources (YWO-V) and Jonpol Explorations (JON-T) have begun exploring the Birch Lake polymetallic property in Ontario’s revitalized Red Lake mining district.Geophysical surveys and d…
CDNX starts year on right footing
Vancouver — Canada’s junior exchange fared well over the holiday-shortened report period ended Jan. 2. The Canadian Venture Exchange composite index tacked on 126.5 points, or 4.5%, and finished the …
Alma, Magnola startups highlight year in Quebec
While there were no mine openings in Quebec in 2000, the industry could draw some cheer from the startup, in the latter half of the year, of two major metallurgical plants.In October, just 32 months a…
NDP bound for defeat
A few months ago, we predicted that Canadian Prime Minister Jean Chrtien would win a third majority government, which he did handily on Nov. 27. We also predicted that George W. Bush and Al Gore woul…
News – 08-JAN-01 (January 08, 2001)
Odds ‘n’ Sods: The Elliot Lake story
The evolution of Elliot Lake, Ont. — from a logging and fur-trapping centre in the early 1900s to the uranium capital of the world in the 1950s and 1960s, and then to its present status as one of mos…
Province beefs up Ontario Prospectors Association
In keeping with its promise to restructure the Ontario Prospectors Association (OPA), the provincial government is providing almost $1 million through the Northern Ontario Heritage Fund Corp. (NOHFC)….
Suit filed against Southern Peru copper
Denver — A Peruvian group has filed suit in New York, N.Y., claiming 40 years of emissions from the Ilo smelter have poisoned nearby residents and harmed the regional ecosystem. The plant is operated…
Freeport returns Grasberg to full capacity
Denver — Freeport-McMoRan Copper & Gold (FCX-N) has returned the Grasberg mine in Indonesia to capacity.Throughput at the giant copper-gold complex, situated in Irian Jaya, had been limited to 200,00…
Spot Prices Wed. January 3, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$269.00-$5.70Silver$ 4.53-$0.10Platinum$614.00+$…