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Algoma pitches last-minute deal

Century-old steel producer Algoma Steel (ALG-T) is breathing a sigh of relief after the third time proved to be the…


The government-owned Muruntau gold mine in Uzbekistan. Newmont Mining holds a half-interest in an adjacent heap-leach operation that produces almost 500,000 oz. annually from low-grade Muruntau stockpiles; AngloGold sees the operation as presenting additional country risk to Newmont shareholders.

AngloGold bares its knuckles

As expected, AngloGold (AU-N) has sweetened its takeover bid for Normandy Mining (NDY-T), setting the stage for a fierce battle with rival bidder Newmont Mining (NEM-N).In mid-November, Newm…


NAME CHANGES (December 10, 2001)

Spokane Resources (SKN-V) has changed its name to SKN Resources (SRL-V) on a 1-new-for-10-old-share basis.Totem Mining (TOH-V) has changed its name to Comcorp Ventures (CV…



Coping with globalization fears

The World Trade Centre was perhaps the most powerful symbol of economic globalization, and the U.S. has long been seen as the champion of a free-trade, high-technology and democratic, secular society….


Tremor kills South Africans

Three miners were killed and four others injured after an earth tremor caused a rock fall at AngloGold’s Savuka mine, 30 km west of Johannesburg.The tremor, which measured 2.6 on the Richter scale, oc…


Enron demise shakes metals markets

Base metals prices put in a mixed performance during the report period Nov. 26-30, driven by further production cuts and by differing responses to Enron’s troubles (see editorial, page 4). Copper, whi…




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