Phelps Dodge boosts bid for Asarco and Cyprus
In a bid to become the world’s largest copper producer, Phelps Dodge (PD-N) has boosted the value of its previously announced offers to acquire Asarco (AR-N) and Cyprus Amax Minerals (CYM-N).
Articles by Northern Miner Staff
Cambior improves performance of Doyon — Development accelerated into higher-grade zones at depth
Having settled in as operator of the underground Doyon gold mine in northwestern Quebec, Cambior (CBJ-T) is continuing its efforts to boost output and drive down costs by reducing dilution and getting…
Metallurgical tests at Mt. Kare make the grade
Preliminary flotation tests on samples from the Mt. Kare deposit in Papua New Guinea have produced excellent recoveries, reports Madison Enterprises (MNP-V).The tests, performed on three of nine repre…
Viceroy eyes Rock Creek
Viceroy Resources (VOY-T) has taken a shine to the Rock Creek gold property in the Nome mining district of Alaska.The Vancouver-based junior can earn a 51% interest in the property from NovaGold Resou…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — TSE rises as gold producers suffer second auction
The Toronto Stock Exchange 300 index rose 79.59 points during the report period Sept. 8-14, ending at 7,138.09.Resource stocks were mixed, with base metal miners gaining ground and gold producers losi…
LME WHSE LEVELS (September 20, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 14/99 (change from Sept. 7 in brackets):MetalStock(tonnes)Change…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Composite index takes tumble in Vancouver
The Vancouver Stock Exchange composite index dove 6.15 points, or 1.5%, to close at 406.06 over the report period ended Sept. 14. The mining index lost 3.1 points, or 1.1%, to finish the week at 274.8…
MOST ACTIVE ISSUES, Sept. 8-14
ExchgVol(000s)HighLowCloseChangeInco LtdT13194…
GREATEST VALUE TRADED, Sept. 8-14
ExchgVal($000s)HighLowCloseChangeInco LtdT449282…
MINING MARKETS & INVESTMENT NEWS — Investment Commentary — Rio Tinto shareholders told it’s time to take profits
European investment houses T. Hoare Canaccord and Paribas have both rated shares of Rio Tinto (RTP-N) a “sell,” following the company’s release of mid-year production and earnings figures.London-based…
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — DiamondWorks exec beefs up holdings
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:DiamondWorks (DMW-T) — Delu Holender, director, indirectly sold 58,500 shar…
LETTER TO THE EDITOR — National geoscientists group already exists
I am writing in response to a letter by Buz Trevor (“Time for a national geoscience association,” T.N.M., Aug. 23-29/99). While the Canadian Council of Professional Geoscientists (CCPG) has no philoso…