Exchange Rates (April 09, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 3April 2March 30March 29March 28US$ in C$1.57891.57491.5774…
Articles by Northern Miner Staff
Producer and Dealer Prices (April 09, 2001)
Antimony: Mid-mkt US$1,320/t.Bismuth: Mid-mkt US$4.05/lb.Cadmium: Mid-mkt US$0.22/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.90-14.00/lb.Copper: Comex May US$0.766/lb.Indium: Ind…
Staff Investment Policy (April 09, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Turning point may be in sight
The report period March 26-30 saw metal prices decline further. The copper market registered its disappointment at the scale of Phelps Dodge’s long-awaited production cuts by sending the London Metal …
Herald Res. drills Indonesian property
Australian-listed Herald Resources is resuming drilling at the Dairi zinc-lead project in North Sumatra, Indonesia.The program will be attempt to expand the Anjing Hitam zone, which hosts an independe…
Sudbury Contact options Moosehead
A recent agreement with Altius Minerals (ALS-V) sets the stage for Sudbury Contact Mines (SUD-T) to earn up to a 60% interest in the Moosehead gold property in central Newfoundland.Sudbury Contact can…
Atna targets polymetallic mine in Arizona
A 4-hole, 2,000-ft. program of diamond drilling will test the downdip extension of the underground Lone Pine mine, a past producer south of Prescott, Ariz.Atna Resources (ATN-T) says there is no recor…
‘Quebec Inc.’ backs Niobec purchase
A inflow of cash from Quebec’s biggest institutions has allowed Quebec City-based Mazarin (MAZ-T) to close the $48-million acquisition of Teck’s (TEK-T) half-interest in the Niobec niobium mine in the…
No resource yet at Sepola
Resource Service Group is rejecting widely publicized claims that it had quantified a significant resource at the Sepola gold project in Mali for owner Hyundai.Rick Yates, director of the Australian-b…
Franco trades mine for 20% of Normandy
A market that was plainly awaiting a merger announcement may have been nonplussed, but Franco-Nevada Mining (FN-T) has agreed to exchange the Ken Snyder mine, the Midas property and Australian assets …
BHP aims to boost ownership of Ekati mine
Ending months of speculation, Australia’s BHP (BHP-N) has emerged as the only bidder for Dia Met Minerals (DMM-T) and its 29% stake in the Ekati diamond mine in the Northwest Territories.BHP has offer…
Implats gains 30% of Zimplats, Ngezi mine project
Were it not for the ominous shadow of Zimbabwe’s president, Robert Mugabe, Australian-listed Zimbabwe Platinum Mines (Zimplats) might have already developed its Ngezi open-pit mine and various other h…