Dow tumbles with no rate cut
Denver — The Dow Jones industrial average slumped 183.90 points, or 1.7%, to 10,584.37 for the report period ended Dec. 19 after the hoped-for interest rate cut failed to materialize. The Nasdaq was …
Articles by Northern Miner Staff
MOST ACTIVE ISSUES, DEC. 13-19
ExchgVol(000s)HighLowCloseChangeWilliam ResT 19737 0.07 0.04 0.06 -0.00…
GREATEST VALUE TRADED, DEC. 13-19
ExchgVal($000s)HighLowCloseChangeAlcoa*N 572646 34.00 30.12 33.50 +1.88…
Northern Miner Indices (December 25, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.6ComincoCLT-T4.0FalconbridgeFL-T6.9Franco-Nevada MiningFN-T5.3Freeport McMoRan Cop’r BFCX-N4.6Homestake MiningHM-N4….
Green light for Diavik joint venture
Vancouver — Patience and perseverance have paid off for Rio Tinto (RTP-N) and Aber Diamonds (ABZ-T) at the Diavik joint venture in the Northwest Territories. Following months of licensing delays, the…
Rio Tinto offers to buy larger slice of IOC
British mining giant Rio Tinto (RTP-N) intends to make a cash offer to buy all units of Labrador Iron Ore Royalty Income Fund (LIF.UN-T) for $13.50 per unit.”The acquisition of the fund will provide R…
Twin Mining encouraged by Baffin stones
Following up on some earlier success, Twin Mining (TWG-T) has received diamond counts from a total of 1,669 kg of kimberlite derived from pipes No. 1 and No. 2 on the Freightrain claim on the company’…
Western markets beset by winter blahs
Vancouver — The Canadian Venture Exchange followed the major markets lower, led by a 13.2% drop in its technology sector, during the report period ended Dec. 19. The composite index dropped 138.72 po…
Hope Bay raises funds
Hope Bay Gold (HGC-T) has raised $5 million in a private placement with Dundee Precious Metals (DPM-T).Dundee, a closed-end investment company focused on precious metals, purchased 10 million units at…
Keith Minty named ‘Mining Man of the Year’
Few mines have endured a rockier road to production than Lac des les, Canada’s only primary platinum group metals (PGMs) mine. It is no understatement to say that many viewed its construction as the …
Majors finance base metal revival in Newfoundland
Vancouver — As Inco (N-T) patiently awaits a resolution to the frustrating development dispute that has stalled its Voisey’s Bay nickel-copper-cobalt project in Labrador, other companies are stepping…
NAME CHANGES (December 25, 2000)
Duran Gold Corp. (DRN-V) has changed its name to Duran Ventures Inc. (DRV-V) on a 1-new-for-2-old-share basis.Nickelodeon Minerals Inc. (NKM-V) has changed its name to Strongbow Res…