Algoma workers to vote on new deal
Almost 4,000 union members at Algoma Steel in Sault Ste. Marie, Ont., were expected to vote on Dec. 21 on a 32-month contract that would avoid layoffs and protect pensions yet reduce wages by an avera…
News
Blackstone gains Ursus diamond property
Vancouver — Blackstone Ventures (BLV-V) has inked a deal with the numbered company 4763 NWT to acquire the Ursus diamond property in the Coronation Gulf area of Nunavut.The 46-sq.-km property is 45 k…
Stillwater revises facility
Vancouver — Armed with a revised operating plan, North America’s largest producer of platinum and palladium has renegotiated its US$250-million credit facility.Stillwater Mining (SWC-N), which has al…
Poplar confirms grades at Central zone (December 24, 2001)
Vancouver — Poplar Resources (PPX-V) has hit multiple intervals of low-grade copper-platinum-palladium-gold mineralization at the Bottenbacken project in central Sweden.Encouraged by 1980 drill resul…
Spot Prices Wed. December 19, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$278.90+$5.65Silver$ 4.49+$0.20Platinum$456.00-$…
Gold stocks buoyed by rising bullion price
U.S. markets were little-changed over the report period Dec. 11-18, with the Dow Jones Industrial Average up 110.02 points (just over 1% of value) to a close of 9,998.39 on Dec. 18. The Standard & Poo…
Tax-loss selling hampers CDNX
Vancouver — Falling victim to tax-loss selling, Canada’s junior exchange lost ground on heavy volume. The S&P-CDNX composite index closed the week ended Dec. 18 down 21.8 points, or 2.2%, and closed …
LME Warehouse Levels (December 24, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 18/01 (change from Dec. 11 in brackets):MetalStock (tonnes)ChangeAluminium793075…
Daily Metal Prices (December 24, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 18Dec. 17Dec. 14Dec. 13Dec. 12Aluminium1339/13…
NAME CHANGES (December 24, 2001)
Century Gold (CNT-V) has changed its name to Novra Technologies (NVI-V) on a 1-new-for-1-old-share basis.Visionary Mining (VIN-V) has changed its name to Nu-Vision Resource…
TSM
Towards Sustainable Mining, or TSM, an initiative of the Mining Association of Canada (MAC), is built on the premise that mining can contribute to the sustainability of our communities in a way that m…
Link to US dollar has hurt Argentina
Events in Argentina, where the government is caught between devaluing the Argentine peso and turning entirely to the United States dollar as a currency, provide an object lesson in what bad monetary p…