CORRECTION (November 01, 1999)
The Cerro Colorado mine, owned by Rio Algom (ROM-T) in Chile, is producing 100,000 tonnes of electrowon copper per year. Incorrect information appeared in our issue of Oct 18-24.
News
ALASKA & THE YUKON — Companies still high on Alaskan base metals
While most coveted gold, a handful of the companies that scoured Alaska’s countryside this past season were focused on base metals. Topping the list was Cominco (CLT-V), owner and operator of the Red …
Asarco joins Grupo Mexico
Asarco (AR-N) has terminated its merger agreement with Phelps Dodge (PD-N) and paid the required US$30-million breakup fee. The New York, N.Y.-based copper producer has instead accepted a cash proposa…
ALASKA & THE YUKON — Pogo area gold play mixed bag for juniors
With this year’s field season drawing to a close, the area play around the 5.2-million-oz. Pogo gold project in Alaska failed to generate much speculative interest or excitement for the dozen or so co…
Index (November 01, 1999)
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INSIDER TRADING — Quebec pension fund boosts Cambior holdings
Caisse de depot et placement, a Quebec pension fund, bought 250,000 shares of Cambior (CBJ-T) at $4-4.03 each to hold more than 8 million shares directly or indirectly. The fund must report its transa…
Investment Commentary — Freeport gets nod for improved financial results
In the copper world, things don’t get much better than US8 cents per lb., which is the lowest cost of production ever reported by Freeport-McMoRan Copper & Gold (FCX-N) from its vast Grasberg mine in …
PEOPLE — Carta
Glen Dickson, Paul Dickson appointed directors.
Tarmoola turnaround bolsters PacMin’s earnings
Underpinning the assets of PacMin Mining (PML) is the improved performance of the Tarmoola open-pit gold mine in Western Australia.The mine has shown improved production, with lower cash costs, in eac…
EuroZinc poised to revive Aljustrel
At first glance, it appears to be a turnaround story in the making. All the ingredients are there — developed deposits, a modern mine and mill, a tailings disposal facility, roads, rail and a deep-wa…
PEOPLE — DiamondWorks
John Firth appointed vp operations; Stephen Grimmer appointed vp project development.
Two new solitudes — Feds and fishes
The Supreme Court of Canada is not an elected body, but perhaps it should be if it is to have the last word on matters of economic and social policy in the country. The idea of throwing judges into th…