Northgate eyes expansion at Kemess North
Smithers, B.C. — After streamlining operations at Kemess South, 250 km north of here, Northgate Explorations (NGX-T) has turned its attention to expanding resources at the Kemess North project, 5.5 k…
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Metal Prices (October 22, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 16Oct. 15Oct. 12Oct. 11Oct. 10Aluminium1282/13…
Spot Prices Wed. October 17, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$281.65-$4.85Silver$ 4.38-$0.11Platinum$442.00+$…
Northern Miner Indices (October 22, 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…
Gary Turcott
Gary Turcott, a former professor at Cambrian College in Sudbury, Ont., and sales manager for Varel Canada, has died. He was 67.Turcott was born in Flin Flon, Man., in 1934. He later moved with his fam…
Gold industry needs to develop markets
For four weeks now, we have been seeing the Friday Effect: the gold price goes up in anticipation of military action on the weekend, and gold shares rise along with it. The old “safe haven” theory app…
Falconbridge in red, suspends Falcondo (October 22, 2001)
Low base metal prices have forced Falconbridge (FL-T) to suspend production at its Falcondo operations in the Dominican Republic.The 3-month shutdown took effect Oct. 21, with the 2001 production fore…
Soda ash plants close
With production outstripping demand, prices for soda ash (sodium carbonate) remain depressed, resulting in plant closures as companies seek to reduce supplies.The latest casualties include IMC Chemica…
High times for copper
For the fifth straight year, copper usage in the U.S. reached record levels.Preliminary data indicate that total usage levels in 2000 were nearly 1% higher than in 1999, a year in which U.S. end use r…
Ivanhoe expands Mongolian portfolio
Preliminary exploration results have prompted Ivanhoe Mines (IVN-T) to acquire four more copper-gold properties in Mongolia.The properties are in the mineral belt that hosts the Turquoise Hill porphyr…
Freeport hits lowered profit target (October 22, 2001)
Vancouver — At a time when Afghanistan is being bombed and Muslim fundamentalists are calling for a “holy war” against the U.S., it must be a tad unsettling for an American-based mining company to ha…
AfriOre scores profitable half
Metal-explorer-turned-coal-miner AfriOre (AFO-V) turned a small profit in the first half of its fiscal year, reflecting a strong operating performance at its 50%-owned Springlake colliery in South Afr…