Aluminum, copper prices head south
Aluminum and copper prices continued to drift downward in the early part of the report period March 6-10 before fund short-covering in thin volume took prices back up to the top end of their recent ra…
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Cominco, Aur, Teck drop on deal
The Toronto Stock Exchange 300 index rose 296.49 points during he report period March 1-7 to end the week at 9,425.48. Metal producers were mixed, with the TSE gold and precious minerals sub-group ris…
Deal paves way for Diavik diamond mine
Vancouver — An agreement has been reached among local native leaders, the federal government and Diavik Diamond Mines regarding the environmental reclamation bond and other land-use issues affecting …
Dow posts heavy losses
The Dow Industrials got pummeled during the report period ended March 7, falling 332.28 points, or 3.3%, to 9,796.03. It was the second time in two weeks the Dow had dipped below the 10,000 mark, as t…
Grupo Mexico increases production
The acquisition of Asarco enabled Grupo Mexico to boost its copper output in 1999, whereas zinc and silver production were lower than in the previous year.Copper production reached 495,723 tonnes, inc…
Metal Prices (March 13, 2000)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateMar. 7Mar. 6Mar. 3Mar. 2…
Startup at the Emerald
The impressive beds of sediments on Iron Mountain, near Salmo, B.C., were a challenge to geologists. Beds of argyllite, limestone and quartzite stretched from the Sheep Creek Valley in the west to the…
Meridian boosts reserves at El Peon
Reno, Nev.-based Meridian Gold (MDG-N) reports a 38% increase in gold reserves at the newly opened El Peon mine in northern Chile.The reserve figure now stands at 1.2 million oz. gold following drill…
Fortune heads back to Mazenod Lake
Fortune Minerals (FT-T) has inked a contract for a 4,900-metre drilling program at its Nico polymetallic project in the Northwest Territories, and expects to have a revised resource estimate on the pr…
West takes East back to school in MM2000 contest
Team West beat Team East 11-0 in a friendly hockey game for industry professionals held during the Mining Millennium 2000 convention in Toronto.Tom Schroeter, Western squad captain and geologist at th…
TSE Shorts (March 13, 2000)
Short positions outstanding at February 29, 2000Larger individual positions include:Abaddon Resources 295,000 up 295,000; Abitibi-Consolidated 1,241,353 down 1,576,155; Admiral Bay Resources…
Juniors complete merger
The proposed merger of Wheaton River Minerals (WRM-T) and Kit Resources is now complete.Wheaton River shareholders received one share of the merged company for each Wheaton River share held; Kit share…