Asarco and union reach labour agreement
Denver — Asarco, a wholly owned subsidiary of Grupo Mexico, has reached a contract agreement with the United Steel…
News
Mt. Polley suspended
Vancouver — In yet another blow to the beleaguered mining industry in British Columbia, Imperial Metals (IPM-T) pl…
Wallbridge to get its day in court
The Ontario Mining and Lands Commissioner has ruled that a full hearing must be held into Inco’s (N-T) contesting…
Sherritt finalizes Luscar acquisition
The Sherritt Coal Partnership has announced that it has acquired all of the outstanding units and debentures of the…
Trading Summary (July 03, 2001)
The Toronto Stock Exchange’s 300 composite index edged up 11.95 points to close at 7,748.3 on Tuesday as seven of t…
News – 02-JUL-01 (July 02, 2001)
LME Warehouse Levels (July 02, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 26/01 (change from June 19 in brackets):Aluminium625100(+9375)Aluminium Alloy86740(+900)Copper434450(+9275)Lead…
Rising stocks add to woes
Base metals continued their steep downtrend during the report period June 18-22. Prices have been falling steadily for four weeks now, and the major traded metals registered their fourth consecutive w…
Metallica rated a speculative buy
The increase in the share price of Metallica Resources (MR-T) to a recent 52-week high of $1.30 (off a year-low of 18) coincides with the release of assay results from a second round of drilling by N…
Canuck companies show pluck in Indochina; Aurora
Vancouver — Olympus Pacific Minerals (OYM-V) and its joint-venture partners, Ivanhoe Mines (IVN-T) and New Zealand-based Zedex, are going for gold in Vietnam, while Falconbridge…
BHP acquires Dia Met, boosts stake in Ekati
Having acquired 98.2% of Dia Met Minerals’ (DMM-T) Class A subordinate voting shares and 84.9% of its Class B multiple voting, Australia’s BHP (BHP-N) has further extended its $687-million takeover of…
Barrick, Homestake propose marriage
In a paper deal worth US$2.3 billion, Barrick Gold () has agreed to take over Homestake Mining (HM-N) and thereby become the world’s second-largest gold producer.Barrick is offering 0.53 of a share fo…