Song contest nets winner $500
Alex Berthelot, Jr. of Elliot Lake, Ont., has won a songwriting contest sponsored by the Canadian Mining Hall of Fame. The lyricist, who was one of more than 40 contestants, was presented with the awa…
News
Inmet gets $88m in Troilus case (January 21, 2002)
A British Columbia court has awarded $88.2 million to Inmet Mining (IMN-T) for breach of contract in the aborted sale of the Troilus gold mine in north-central Quebec.The decision is against Homestake…
NAME CHANGES (January 21, 2002)
Britannia Minerals (BM-V) has changed its name to Nanotek (NTK-V) on a 1-new-for-1-old-share basis.Cascade Metals (CEM-V) has changed its name to American Gold Capital (AA…
Junior stakes Otish property
The Northair Group’s Northern Empire Minerals (NEM-V) has acquired, through staking, a 77-sq.-km property in the heart of the Otish Mountains area of Quebec.The La Croix property is 35 km east of Asht…
Coal miner AfriOre goes for gold in Africa
Looking to shift gears again, metal-explorer-turned-coal-miner AfriOre (AFO-T) intends to bring another South African coal operation into production with an eye toward becoming a gold producer.The com…
Taseko closes Gibraltar financing
Vancouver — Taseko Mines (TKO-V) has an exclusive right to acquire a limited partnership that has raised $1.8 million to research technology aimed at reviving the Gibraltar copper mine, near Williams…
MOST ACTIVE ISSUES, JANUARY 9-15
ExchgVol(000s)HighLowCloseChangeNewmont Mng*N2815220.7518.8820.60+1.90…
Base metals slump as golds soar
Retreating base metal prices dragged producers down with them over the Jan. 9-15 report period, erasing gains made in the previous week.Rio Tinto slumped $3.69 to US$76.81; Phelps Dodge flopped $1.34 …
LME WHSE LEVELS (January 21, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 15 (change from Jan. 8 in brackets):MetalStock (tonnes)ChangeAluminium834500(+10…
Northern Miner Indices (January 21, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningFN-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mining…
Canadian Stock Exchange Indices (January 21, 2002)
DateJan. 15Jan. 14Jan. 11Jan. 10Jan. 9HighLowTSE 3007643.907623.287701.937722.387775.78…
Fight for Valerie Gold starts to heat up
Vancouver — The battle for control of Valerie Gold Resources (VLG-V) has entered the final round with both the current management and a rival group backed by Atna Resources (ATN-T) landing serious bo…