Deal reached at Noranda’s aluminum division
With more than 500 workers walking the picket lines at its Horne copper smelter in Rouyn-Noranda, Que., Noranda (nrd-t) has announced that employees at its aluminum primary products division voted 63%…
News
Forum addresses Chinese mining
Improving the investment climate and sustainable development in China will be among the topics addressed at China Mining 2002, a conference slated for Oct. 21-23 in Chongqing, in South Sichuan provinc…
Regional exploration turns up new prospects at Hope Bay
Cashed up after a $30-million financing, Miramar Mining (MAE-T) has found a number of new targets to use the money on after a regional exploration program on its Hope Bay project in Nunavut.The Hope B…
Voisey’s Bay clears final hurdle (July 01, 2002)
The Labrador Inuit Association and the Innu Nation, two of Labrador’s aboriginal groups, have voted to accept impacts-and-benefits agreements with Inco (N-T) regarding development of the Voisey’s Bay …
Exchange Rates (July 01, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 25June 24June 21June 20June 19US$ in C$1.52171.51681.52301.5…
Cumberland tables $3.9m for Meadowbank
Vancouver — With the latest drilling increasing the gold resources at the Meadowbank property in Nunavut, Cumberland Resources (CBD-T) has decided to accelerate exploration activities.The wholly owne…
Daily Metal Prices (July 01, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJune 25June 24June 21June 20June 19Aluminium1325/13…
US miners steady
During the period ended June 25, mining stocks proved to be an oasis of calm amid continuing turmoil in the broader U.S. equity markets, which re-tested post-911 lows.With gold prices continuing to fi…
Placer Dome stumbles as Aussie takeover target hits back
In a repeat performance, the Toronto Stock Exchange S&P/TSX composite index plummetted 206.74 points over the June 19-26 report period to finish at 7,120.80. The index had lost 71.29 points in the pre…
Red Lake gold plays attract interest
Vancouver — Despite a strong showing in gold-related stocks, Canada’s junior exchange drifted lower over the report period ended June 25. The Canadian Venture Exchange composite index dropped 7.21 po…
MOST ACTIVE ISSUES, JUNE 19-25
ExchgVol(000s)HighLowCloseChangeKinross GoldT348793.963.273.70+0.38…
IMA gains ground in southern Argentina
Vancouver — IMA Exploration (IMR-V) has acquired the 127-sq.-km Victoria claim package, which is contiguous with the company’s Bayas property in southern Argentina’s Chubut province.The new property …