Falco’s non-production staff ratifies new deal
Falconbridge (FL-T) has avoided another strike at its Sudbury operations by inking some 220 unionized office, cleri…
News
Olympus boosts Phuoc Son stake
Shares in Olympus Pacific Minerals (OYM-V) dropped nearly 10% in early trading in Vancouver on Mar. 1, after the co…
Fronteer to raise $6.0 million
Vancouver — Fronteer Development Group (FRG-T) intends to raise $6 million through a private placement financing.
BHP signs Chinese steel deal
Anglo-Australian giant BHP Billiton (BHP-N) has inked a US$9-billion deal to annually ship some 12 million tonnes o…
De Beers sees Canada as shining light
Overall, 2003 proved to be a good year for the De Beers group of companies and the diamond industry as a whole.Rough diamond sales of US$5.52 billion by the Diamond Trading Co. (DTC), De Beers’ market…
Editorial Cartoon (March 01, 2004)
Copper, nickel prices robust; zinc firm but hesitant
We expect base metal prices to continue to perform strongly over the near term, even though we have already seen multi-year highs. We also believe the rising price cycle will turn after this year.In t…
The Northern Miner Indices (March 01, 2004)
North American Mining: 108.72 (-2.28)Small Producers: 122.42 (-8.65)(Sept. 30/98 = 100)…
Oglebay Norton files for Chapter 11
The biggest flameout during the period ending Feb. 24 was Oglebay Norton’s filing for bankruptcy protection on Feb. 23.The Cleveland-based company ships limestone, coal and iron ore on the Great Lakes…
Mirabel to acquire Rocmec
Montreal-based junior explorer Mirabel Resources (RMB-V) plans to acquire privately owned Rocmec International.The two originally teamed to develop and exploit Rocmec’s thermal fragmentation technique…
Another stellar year for Goldcorp (March 01, 2004)
The rich Red Lake gold mine in northwestern Ontario bestowed its blessings on Goldcorp (G-T) for another year, generating record profits and yielding another million ounces of resources.The company’s …
Coeur makes hay while silver shines
Improved silver prices and a major restructuring program have put Coeur d’Alene Mines (CDE-N) in a position to advance two new mine projects to the feasibility stage.If all goes as planned, Coeur will…