Noranda sweetens Rio Algom bid
Noranda (NOR-T) has raised its hostile takeover offer for Rio Algom (ROM-T) by $3 to at least $27.50 in cash per share.This revised offer trumps Billiton’s all-cash offer of $27 per share, w…
Articles by Northern Miner Staff
Canadian Stock Exchange Indices (September 18, 2000)
DateSept. 12Sept. 11Sept. 8Sept. 7Sept. 6HighLowTSE 30010557.0310682.1310819.7911061.6311150.7011401.976717.51Mines & Minerals3652.033672.343651.993627.7736…
Base-metal miners enjoy favourable week
The report period Sept. 6-12 was not a kind one for the Toronto Stock Exchange. The 300 composite index lost nearly 1,000 points as it fell below the 11,000-point mark on Sept. 8. Despite the poor per…
Inco stakes new ground in Voisey’s Bay area
For the first time in years, the Voisey’s Bay region of Labrador is showing signs of life other than caribou herds sweeping by in search of forage.Local communities are buzzing with news that the gove…
Fortune drills Nico
Once results from a 25-hole drill program are in hand, Fortune Minerals (FT-T) expects to release an updated resource estimate for the Nico cobalt-gold-bismuth deposit 160 km northwest of Yellowknife,…
Minera Andes signs deal
A Peruvian mining company has set its sights on a silver-gold property held by Minera Andes (MAI-V) in Santa Cruz province of southern Argentina.Lima-based Mauricio Hochschild & Compania recently sign…
Summo receives positive study for Lisbon Valley
With a bankable feasibility study in hand, Summo Minerals (SMA-T) plans to raise US$57 million to build a mine at its Lisbon Valley copper project in southeastern Utah.The property is fully permitted …
LME Warehouse Levels (September 18, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 12/99 (change from Sept. 5 in brackets):MetalStock(tonnes)Change…
CDNX loses momentum owing to technology sell-off
Canada’s junior exchange finished the trading week ended Sept. 12 flat, with losses in the technology index offset by gains in the mining and oil and gas sectors. This is a reversal of the trend at th…
Metal Prices (September 18, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 12Sept. 11Sept. 8Sept.
GREATEST VALUE TRADED, Sept. 6-12
ExchgVal($000s)HighLowCloseChangeAlcoa*N 360517 34.12 30.00 30.19 – 3.62…
Cominco flashes green light for Pend Oreille
With the Sullivan and Polaris mines scheduled to close in the next two years, Cominco (CLT-T) will spend US$70 million to reopen the past-producing Pend Oreille zinc-lead mine near Metaline Falls in n…