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…
News
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…
The Northern Miner — North American Mining Index (December 10, 2001)
66.88 (-0.18)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (December 10, 2001)
46.29 (+1.11)(Sept. 30/98 = 100)…
Gold Funds (December 10, 2001)
Gold Funds as of November 29, 2001Dundee Precious MetalsCentral FundNet Value$12.77$5.29Price$9.10$5.24…
Canadian Stock Exchange Indices (December 10, 2001)
DateDec. 4Dec. 3Nov. 30Nov. 29Nov. 28HighLowTSE 3007450.097374.827425.657400.497358.20…
Northern Miner Indices (December 10, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
Exchange Rates (December 10, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 4Dec. 3Nov. 30Nov. 29Nov. 28US$ in C$1.57231.57601.57181.582…
Falconbridge zeros in on high-grade sulphides
A high-grade base metals discovery in the Sudbury igneous complex of northern Ontario has prompted Falconbridge (FL-T) to accelerate drilling.By January, the major plans to have three rigs chasing the…
Mining a model of productivity
A new study has found that the Canadian primary metals sector has the highest overall ranking among all industrial sectors for use and application of advanced technologies.The study, titled Mining Inn…
CVRD, Codelco in talks
Chilean state copper enterprise Codelco and privatized Brazilian miner Companhia Vale do Rio Doce (CVRD) (RIO.PR-N) are negotiating to form a joint copper-producing venture in the Americas.CVRD, the l…
Saskatchewan finances diamond exploration
The federal and Saskatchewan governments will jointly fund a geological study of diamond-bearing rock in the Fort la Corne area, 50 km north of Prince Albert.The federal portion of the funding is pa…