News

Results from a 2-year study have prompted Noranda (NOR-T) to acquire a majority stake in the Lady Loretta zinc-lead-silver desposit in Queensland, Australia.In 1998, Noranda signed a deal with Austral…

Antimony: Mid-mkt US$1,425/t.Bismuth: Mid-mkt US$4.00/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.70-15.50/lb.Copper: Comex March US$0.885/lb.

Junior mining companies are adopting various strategies to help them through these tough times, but the most common remains the old standby of taking on projects robust enough to attract major partner…

Dec. 20 Auriginor — annual, general, specialDec. 20 Digger — annual, special; 10 am, 2550-555 W. Hastings St., VancouverDec. 20 Featherstone — annual, general; 3:30, Coast Harbourside…

75.34 (+1.25)(Sept. 30/98 = 100)…

46.72 (+2.17)(Sept. 30/98 = 100)…

Denver — Phelps Dodge (PD-N) has retained financial advisors to avise the Phoenix-based copper producer on its non-mining businesses.Goldman Sachs will give advice on PD Wire & Cable, which produces …

ExchgVal($000s)HighLowCloseChangeAlcoa*N 577656 32.38 28.75 31.62 +0.12…

Joseph Gutnick, the Australian mining entrepreneur who recently assumed control of Tahera (TAH-T), is now poised to take the helm of St Andrew Goldfields (SAS-T).Subject to regulatory approval, Bay Re…

Junior Orezone Resources (ORZ-T) will explore the Ghanaian gold properties of Australian-based Dominion Mining.Orezone can earn a half-interest in the properties by spending US$2.5 million over four y…

CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 12Dec. 11Dec. 8Dec. 7Dec. 6US$ in C$1.

Jan. 1-31, 2001 33rd Annual Canadian Mineral Processors Conference — Ottawa. Contact R.J. MacDonald. Tel: (613) 996-2283. Fax: (613) 996-9041.Jan. 11-13 Western Inter-University Geological Conference…