Inco posts US$148m profit in 2nd quarter
Thanks to much stronger prices for nickel and platinum group metals (PGMs), Inco (N-T) has recorded its best quarterly performance in years, bagging a net profit of US$148 million (US70 per diluted s…
News
Bulk mining explored
The future of bulk mining will be addressed at MassMin 2000, a conference slated for Oct. 30-Nov. 2 in Brisbane, Australia.Bulk mining refers to any large-scale, mechanized method of mining massive un…
Billiton gains stake in CVRD
London-based Billiton will pay US$327 million to acquire an indirect 2% stake in Companhia Val do Rio Doce (CVRD), the Brazilian iron ore and aluminum group, at a 50% premium to the current market pri…
Zinc on the links
Have you ever been out on your favourite golf course and driven the ball 300 yards, landed right on the green and three-putted your way to a bogey? If so, you’re not alone.That’s what happened to C.H….
The Northern Miner — North American Mining Index (July 24, 2000)
70.16 (-0.05)(Sept. 30/98 = 100)…
Gold slips gently into a coma, again
Gold prices continued to weaken during the July 12-18 report period, shedding another US$1 on thin volume to reach a London morning fix of US$281.80 per oz. on July 19. By presstime, the yellow metal …
Venture exchange stalls in summer doldrums
The Canadian Venture Exchange lost a bit of ground during the report period ended July 18, dropping 13.1 points, or 0.4%, to close at 3,359.89. The Mining index followed suit, losing 12.51 points, or …
Metal Prices (July 24, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJuly 18July 17July 14July 13…
Shareholders ponder De Beers proposal
Armed with an updated scoping study that puts the net present value of its undisputed interest in the promising Snap Lake kimberlite at $1.35 billion, the directors of Winspear Diamonds (WSP-T) have r…
EVENTS (July 24, 2000)
July 24-26 Air Pollution 2000 — 8th Int’l Conference on Modelling, Monitoring and Management of Air Pollution. Cambridge University, U.K. Contact Karen Savage. Tel: +44 (0) 238-029-3223. Fax: +44 (0)…
GREATEST VALUE TRADED, July 12-18
ExchgVal($000s)HighLowCloseChangeAlcoa*N 431113 33.12 30.31 30.31 -2.19…
Crew builds new Zambian mine
Johannesburg-based Metorex has begun constructing Chibuluma South, a copper producer and Zambia’s first new mining development in 30 years.Chibuluma South is 12 km from Chibuluma West, which has been …