Israel exports record amount of diamonds
Polished diamond exports from Israel rose 19% in 2000, to a record level of US$5.3 billion.”Exceeding the US$5-billion mark in polished exports is a great accomplishment, firmly establishing Israel’s …
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Northern Miner Indices (March 19, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.7ComincoCLT-T4.5FalconbridgeFL-T6.3Franco-Nevada MiningFN-T5.8Freeport McMoRan Cop’r BFCX-N4.0Homestake MiningHM-N3….
EXCHANGE RATES (March 19, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 13March 12March 9March 8 March 7US$ in C$…
Writedowns take toll on Pan American
Vancouver — A writedown of US$37.6 million at its Dukat silver project in the Magadan region of far-eastern Russia, and a US$4.4-million charge against inactive properties pushed Pan American Silver …
Mine propels Antofagasta
Denver — A strong performance by the Los Pelambres copper mine in northern Chile enabled London-based Antofagasta (ANFGF-Q) to post a profit for 2000.Earnings for the period jumped to US$138.2 millio…
MOST ACTIVE ISSUES, MAR. 7-13
ExchgVol(000s)HighLowCloseChangeAlcoa*N 19112 39.58 35.37 37.05 -0.94…
Ventura promotes mining
Mining in Minnesota is a $1.5-billion-per-year industry employing 20,000 people — a point not lost on Minnesota Gov. Jesse Ventura as he opened mining awareness week at the Duluth Entertainment and C…
PEOPLE (March 19, 2001)
Alcan Aluminium — Travis Engen appointed president and CEO.Ashton — Alfonso Grau appointed director.Canabrava — George Read appointed VP of exploration.Cominco –…
Harrods launches program in Mongolia
Denver — With the backing of Egyptian financier Mohamed Al Fayed, Harrods Minerals is getting back to the basics, with a focus on grassroots exploration.The privately owned, Denver-based company has …
Market makes steep drop
Denver — The Dow Jones industrial average suffered a 2.8% drop, tumbling 300.42 points to 10,290.80 for the report period ended March 13, while the Nasdaq was off 8.6%.Spot gold on the Comex division…
Peruvian company posts polymetallic resource
Denver — Prefeasibility work at the Cerro Lindo property in central Peru has outlined high-grade zinc mineralization for that country’s Minera Milpo.The measured, indicated and inferred resource, cal…
CDNX suspends Birch again
The Canadian Venture Exchange (CDNX) has once again suspended “prairie-gold” explorer Birch Mountain Resources (BMD-V), following a technical audit of its exploration program.The exchange ended Birch’…