Alcoa proposes Labrador smelter
The Newfoundland government spent the Nov. 28-Dec. 4 report period assessing an Alcoa feasibility study into the possibility of reviving the stalled Lower Churchill hydroelectric project in Labrador. …
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Summo, Matrix seek cash for Mt. Watson prospect
Low metal prices continue to hold back copper-oxide specialist Summo Minerals (SMA-T), which expects to rely on debt financing to keep its portfolio of development properties going.Summo’s only produc…
Sultan cuts more bonanza grades (December 10, 2001)
Vancouver — Results from 18 drill holes indicate that the Gold Mountain zone near Nelson, B.C., is higher in grade and smaller than expected. The target is part of the Kena property of Sultan Mineral…
Lending Rates (December 10, 2001)
% as of Dec. 3, 2001Bank of Canada2.50Canadian Prime4.00U.S. Discount1.50U.S. Prime5.00…
MOST ACTIVE ISSUES, NOV. 28-DEC. 4
ExchgVol(000s)HighLowCloseChangeBolidenT277280.390.180.28-0.03…
Noranda to idle Gasp copper smelter
Doing its bit to shore up copper prices, Noranda (NRD-T) will suspend production at the Gasp smelter in Quebec for at least six months, starting in May.Since January, copper has lost about 16% of its…
LME Warehouse Levels (December 10, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 4/01 (change from Nov. 27 in brackets):MetalStock (tonnes)ChangeAluminium722500(…
Analysts cautious on Pan American Silver
Vancouver-based Pan American Silver (PAA-T) is best known for being one of the purest exposures to silver for investors, and also for having Microsoft’s Bill Gates as a shareholder in the form of a 13…
Gold Fields inks deal with Radius (December 10, 2001)
Vancouver — Already holding a 12% equity stake in Radius Explorations (RDU-V), South African-based Gold Fields (GOLD-Q) has inked a deal with the junior to earn up to a 70% stake in a portion of the …
CDNX posts gains in active week
Vancouver — Canada’s junior exchange entered the Christmas season on a bullish note, posting gains on all indices during the week ended Dec. 4. The Canadian Venture Exchange composite index added 15….
Producer and Dealer Prices (December 10, 2001)
Antimony: Mid-mkt US$1,250/t.Bismuth: Mid-mkt US$3.25/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.95-8.25/lb.Copper: Comex Mar. US$0.709/lb.Indium: Indi…
Navigator, Chapleau identify tantalum target
Vancouver — Juniors Chapleau Resources (CHL-V) and Navigator Exploration (NVR-V) have discovered a third tantalum drill target at their jointly held Kougarok project in Alaska.The 55-sq.-km property …