Freeport increases earnings
Record quarterly sales for copper and gold produced at its Grasberg operation in Indonesia enabled Freeport-McMoRan Copper & Gold (FCX-N) to boost earnings during the last three months of 1998.Freepor…
News
Meeting targets mine suppliers
Marketing to the mining industry will be the subject of a conference to be held Feb. 2 at the Sheraton Parkway Hotel in Richmond Hill, near Toronto.Sponsored by the Canadian Association of Mining Equi…
Noveder resumes drilling at Cabot property
With cash in hand from a recent financing, Noveder (NED-M) has resumed drilling at its Cabot copper-cobalt property in the Baie Verte region of northwestern Newfoundland.The junior raised $550,000 in …
EDITORIAL & OPINION — Sudbury a city of contradictions — Brains, not brawn
Back in 1912, the gloomiest community in Ontario, if not Canada, was said to be Copper Cliff. One young man who toiled in the sulphur-seared town that year, later described his experience as “a sort o…
TSE INDICES (February 01, 1999)
1999Jan. 26Jan. 25Jan. 22Jan. 21Jan. 20HighLowComposite “300”6663.456618.486593.916635.766712.347835.755325.79Metals & Minerals3090.503104.793090.653194.913187.514423.922412.49Int…
LME WHSE LEVELS (February 01, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan. 19/99 (change from Jan. 12 in brackets):MetalStocks (tonnes)Change…
TSE SHORTS (February 01, 1999)
Short positions outstanding at January 15, 1999Larger individual positions include:Abitibi-Consolidated 506,921, down 422,579; Alcan Aluminium 700,662, down 361,388; Anderson Exploration 204,890, up 1…
GREATEST VALUE TRADED (February 01, 1999)
ExchgVal($000s)HighLowCloseChangeBarrick GoldT426…
METAL PRICES (February 01, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateJan. 26Jan. 25Jan. 22Jan. 21…
AFRICA — South African gold miners compete with North American cousins
Dramatic restructurings at Anglogold (AU-N) and Gold Fields (GLDFY-O) suggest that South African companies are challenging their North American counterparts for dominance in the international gold sec…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Franco-Nevada, Nuinsco brighten gloomy Toronto market
The Toronto Stock Exchange 300 index lost 95.45 points in the report period Jan. 20-26, to end the week at 6,663.45.The gold and precious metals sub-index offered little help to the broad market, plum…
CORRECTION (February 01, 1999)
The reserve figure quoted for the Glimmer mine in our Jan. 18 issue was incorrect. The mine, situated in northeastern Ontario, has reserves of 1.3 million tonnes grading 10.3 grams gold per tonne, plu…