LME Warehouse Levels (July 02, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 26/01 (change from June 19 in brackets):Aluminium625100(+9375)Aluminium Alloy86740(+900)Copper434450(+9275)Lead…
Articles by Northern Miner Staff
More gold for Anatolia
Denver — Stepout drilling at the Cukurdere gold-copper prospect in central Turkey has hit the jackpot for partners Anatolia Minerals Development (YMC.U-V) and Rio Tinto (RTP-N).Hole CRC-1 stopped at …
Record copper consumption
Consumption of copper in the U.S. reached record levels in 2000.Preliminary data indicate total usage levels were 1% ahead of 1999. This comes on the heels of 1999’s total of 4.2 million tonnes, an al…
Boart Longyear among CDDA award winners
The Canadian arm of Boart Longyear, based in North Bay, Ont., won both the Class A surface and underground safety awards at the annual general meeting of the Canadian Diamond Drilling Association (CDD…
Ivanhoe Mines’ Savage River wins environment award
Ivanhoe Mines’ Savage River iron ore operation in northwestern Tasmania has received an award for environmental excellence.The award recognizes the company’s success in controlling water runoff from r…
Prospector Ross Toms, Part 1
“He was an old prospector with a vision bleared and dim.He asked me for a grubstake, and the same I gave to him.He hinted of a hidden trove, and when I made so boldTo question his veracity, this is th…
MOST ACTIVE ISSUES, JUNE 20-26
Volume(000s)HighLowCloseChangeHomestake Mng*…
PEOPLE (July 02, 2001)
Arena Gold — Louis-Marie Riopel appointed president.AMT Int’l Mining — John Hick appointed acting chairman and president.Manhattan — Peter Tegart appointed chairman of the board; Lawre…
Newmont targets RDN (July 02, 2001)
Vancouver — Newmont Exploration of Canada, a wholly owned subsidiary of Newmont Mining (NEM-N), is gearing up for a 1,200-metre drill program over Rimfire Minerals’ (RFM-V) RDN gold-silver property …
Novagold takes aim at Shotgun (July 02, 2001)
Vancouver — Novagold Resources (NRI-T) has completed an agreement with Cominco (CLT-T) to earn the 52.5% it does not already own of the 1-million-oz. Shotgun gold property in southwestern Alaska.The …
Exchange Rates (July 02, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 26June 25June 22June 21June 20…
Rising stocks add to woes
Base metals continued their steep downtrend during the report period June 18-22. Prices have been falling steadily for four weeks now, and the major traded metals registered their fourth consecutive w…