Cambior looking to shed assets
In a new strategy aimed at reducing its heavy debt burden, Cambior (CBJ-T) has announced its intention to sell “substantial” gold or base metal assets, or both, and begun soliciting offers from intere…
News
Miners, financiers shuck shells at annual shindig
About 350 people from Toronto’s exploration, mining and financial community attended the annual oyster party sponsored jointly by explosives firm Orica Canada and the Toronto branch of the Canadian In…
Kids on Wall Street
The world of international finance is a murky, mysterious one for most Canadians and Americans who punch a clock in a factory or put in long hours at an office building. Most probably believe that the…
Recognizing aboriginal rights
Mining industry representatives are confused by the media’s often misleading or incorrect interpretations of Supreme Court decisions and historic and contemporary agreements regarding Aboriginal land …
Snap Lake viewed as having ‘excellent’ economics
David James, mining analyst for Canaccord Capital, has been watching developments in Canada’s emerging diamond industry since the first discoveries were made in the Lac de Gras region in the early 199…
Metal Prices (December 06, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateNov. 30Nov. 29Nov. 26Nov. 25…
LME Warehouse Levels (December 06, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 30/99 (change from Nov. 23 in brackets):Metal Stock(tonnes) Change…
Mid-North adds ground
Calgary-based Mid-North Resources (MNU-V) has acquired seven new permits covering occurrences of both platinum group metals and base metals in the Fox River sill area of northeastern Manitoba.The sill…
Champion boosts phosphate production
With demand for phosphate growing in international markets, Champion Resources (CHL-V) has decided to double planned production at its Farim deposit in Guinea Bissau, a small independent state in West…
CDNX small-cap market blasts off
The Alberta and Vancouver stock exchanges have officially merged to form the Canadian Venture Exchange.The new exchange, dubbed CDNX, came to life with just under 2,500 stock listings and began tradin…
Bank of England sale knocks stuffing out of gold
In the wake of a third gold auction by the Bank of England, gold bullion prices fell heavily over the Nov. 24-30 report period, sinking US$6.45 to US$291.40 per oz. on the London morning fix of Dec. 1…
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