Attacks will cost Canada $5b
Canadian mining, along with manufacturing, transportation, tourism and retail, lost a total of $1.2 billion as a result of the Sept. 11 terrorist attacks in New York City, according to a report by a H…
Articles by Northern Miner Staff
Platinum demand at new high
Demand for platinum is expected to rise by 5% to a record 5.9 million oz. in 2001, and the climb is being led by a 25% rise in demand from the auto industry, owing to increased market share for diesel…
Home-owners on unstable ground: province
The Ontario government evacuated several residents living close to the defunct Toburn gold mine, near Kirkland Lake, Ont., after it was discovered their homes rest on unstable ground.Ground stability …
BC committed to geoscience
The government of British Columbia is committed to building a thriving private-sector economy that creates high-paying job opportunities, including those in the mining and mineral exploration industry…
Altius, Barrick seek Carlin-type deposits
Vancouver — Altius Minerals (ALS-V) and Barrick Gold (ABX-T) are jointly exploring Newfoundland’s Botwood Basin for Carlin-type deposits.Barrick stands to earn a 75% interest in six properties by fun…
Wolfden adds to Red Lake portfolio
Wolfden Resources (YWO-V) has added to its land position in the rejuvenated Red Lake mining district of northwestern Ontario by agreeing to take over the Skinner gold project.To acquire the 20.3-sq.-k…
Northern Miner Indices (December 17, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
US rate cut spooks northern investors
The biggest news of the Dec. 5-11 report period came from south of the border, where the U.S. Federal Reserve Board knocked another 25 basis points off the federal funds rate, thereby reducing it to i…
Green light flashes for Thunderbox mine
Partners LionOre Mining International (LIM-T) and Australian-listed Dalrymple Resources will proceed with development of the Thunderbox gold project in Western Australia.With a 4-year finance facility…
CDNX loses ground on new S&P index
Vancouver — The Canadian Venture Exchange launched a new composite index during the week ended Dec. 11. Based on market capitalization, the Standard & Poor’s-CDNX Composite Index is meant to provide …
Codelco plans copper cuts (December 17, 2001)
Vancouver — The world’s largest copper producer has finally entered the fold of the other majors by announcing it will cut output by at least 100,000 tonnes in 2002.The move by Chile’s state-owned Co…
Daily Metal Prices (December 17, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 11Dec. 10Dec. 7Dec. 6Dec. 5Aluminium1335/1351.