Companies (November 22, 1999)
Archangel DiamondAsarcoAtna Res.Aur Res.Banff Res.Broken Hill Pty.CambiorCampbell Res.Canmine Res.Channel Res.Claude Res.Coeur d’Alene MinesCyprus AmaxDe Beers Cons. MinesDia Met MineralsEcho Bay Mine…
News
Moydow funds exploration
To finance exploration of its Ghanaian gold assets, junior Moydow Mines International (MOY-T) is raising $5 million via a private placement.The financing, brokered by Loewen, Ondaatje, McCutcheon, wil…
Campbell tackles costs
Excess dilution has prompted Campbell Resources (CCH-T) to switch mining methods at its Joe Mann gold mine, near Chibougamau, Que.Since September, production has been restricted to upper levels, with …
Niocan lines up customers
Montreal-based Niocan (NIO-M) will distribute at least 25% of its ferroniobium in Europe, possibly begining at the end of 2001.The company, which has signed an agreement with a leading ferro-alloy pro…
Grupo Mexico completes Asarco merger
After extending the deadline for its offer, Grupo Mexico completed its tender for the outstanding shares of New York, N.Y.-based Asarco (AR-N).The Mexican conglomerate captured 32.6 million shares of …
Greatest Value Traded, NOV. 10-16
ExchgVal($000s)HighLowCloseChangeAlcoa*N357086…
MOST ACTIVE ISSUES, NOV. 10-16
ExchgVol(000s)HighLowCloseChangePlacer DomeT9980…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Gold lifted by rate hike
The Dow Jones industrial average climbed 315.01 points, or 3%, to 10,932.33, late in the report period ended Nov. 16, spurred by an interest rate hike by the U.S. Federal Reserve.The rate hike helped …
DIAMOND PAGE — Archangel expands Russian Grip
Drill results have increased the size of the Grip kimberlite pipe in northwestern Russia for Archangel Diamond (AAD-V).The program, designed to outline the limits of the 14-ha pipe, identified a wide …
Index (November 22, 1999)
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Canmine aims to restart plant
AGRA Simons has been retained by Canmine Resources (CMR-T) to investigate the feasibility of resuming production at the hydrometallurgical cobalt extraction plant and refinery in Cobalt, Ont.The initi…
North American Palladium doubles Lac des les resource
The Lac des les palladium deposit in northern Ontario has just doubled in size.AGRA Simons, retained by mine owner North American Palladium (PDL-T) to perform a feasibility study, estimates a measure…