Higher prices strengthen SPC
Denver — Higher copper prices and cost-cutting measures contributed to improved earnings for Southern Peru Copper (PCU-N) in the fourth quarter.The company posted net earnings of US$30.6 million (or …
News
Harmony’s Bissett under gun to cut costs
It’s crunch time for the Bissett underground gold mine in Manitoba as the South African-based owner appears to be running out of patience.Although it accounted for just 2% of Harmony Gold Mining’s (HG…
Indaba 2001 showcases Africa’s mineral potential
Cape Town, South Africa — The Investing in African Mining Conference (Indaba 2001), held here earlier this month, generated both optimism and pessimism among delegates weighing the continent’s minera…
News – 26-FEB-01
Lead gains as nickel tumbles
Base metal prices largely continued to trade sideways in low volumes during the report period Feb. 12-16. Lead was the only gainer on the London Metal Exchange (LME), as the average cash price gained …
The Northern Miner — North American Mining Index (February 26, 2001)
69.30 (-4.44)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (February 26, 2001)
48.52 (+0.78)(Sept. 30/98 = 100)…
Correction (February 26, 2001)
In the B section of our Feb. 5 issue, we misquoted David Copeland, director of projects for the Hunter-Dickinson group.Mr. Copeland’s actual words were: “The workable political climate, combined with …
Staff Investment Policy (February 26, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Energy costs hurt American mining
Denver — The collective effort of mining companies to cut costs and improve profits is being jeopardized by high power costs, particularly in the western U.S., where an emerging energy crisis is send…
Cameco hit by weak uranium prices
Sagging spot prices for uranium eroded Cameco’s (CCO-T) bottom line in 2000.For the year, Cameco’s suffered a net loss, after special items, of $87 million (or $1.57 per share) on revenue of $689 mill…
Consortium offers US$17.6 billion for De Beers
The independent directors of De Beers Consolidated Mines (DBRSY-Q) have described as “fair and reasonable” a takeover offer by DB Investment (DBI), a consortium comprising the Oppenheimer family-run C…