Nearco formed to explore Thunder Bay
An agreement between Abitibi-Consolidated and Normiska (NCO-V), paves the way for the latter, a horticultural company, to acquire 1,942 sq. km. in the Thunder Bay region of Ontario.Subject to final do…
News
Spot Prices Wed. January 10, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$266.70-$2.30Silver$ 4.53 $0.00Platinum$637.00+$23.00…
Tiberon bullish on Vietnamese property
Vancouver — Investors are showing increasing interest in Calgary-based Tiberon Minerals (TBR-V), which is stepping up exploration of its Nui Phao property in northeastern Vietnam. The property has be…
San Martin success adds to allure of Glamis Gold
The newly constructed San Martin mine, which will likely become the flagship operation of Glamis Gold (GLG-T), made its first shipment of gold from Honduras in mid-December 2000.The 4,000-oz. shipment…
Northern Miner Indices (January 15, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.7ComincoCLT-T4.5FalconbridgeFL-T6.3Franco-Nevada MiningFN-T5.8Freeport McMoRan Cop’r BFCX-N4.0Homestake MiningHM-N3….
Exchange Rates (January 15, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 9Jan. 8Jan. 5Jan. 4Jan. 3US$ in C$1.49741.49481.49781.4983…
Hornby Exploration expands exploration portfolio
An agreement with an industrial company paves the way for Hornby Bay Exploration (YHB-V) to acquire 8,000 ha of base metal and gold properties across Canada.In exchange for cash, shares and warrants, …
TSE Short Positions (January 15, 2001)
Short positions outstanding at December 31, 2000Abitibi-Consolidated Inc. 1,007,500 up 777,341; Alcan Aluminium Ltd. 552,334 up 256,600; Anderson Exploration Ltd. 1,402,800 down 149,533;…
Afri-Can Minerals completes surveys in Namibia (January 15, 2001)
Montreal-based Afri-Can Marine Minerals (AFA-M), formerly known as Nora Exploration, has completed aerial and marine geophysical surveys of blocks J and B at its marine diamond concession north of Lud…
Falco counters union complaint
Falconbridge (FL-T) has filed a detailed response to a charge of unfair labour practices lodged by Canadian Auto Workers (CAW) union local 598 in Sudbury, Ont.A company spokesman says the union’s comp…
Rio Tinto options gold target in French Guiana
Denver — Rio Tinto Mining & Exploration, a subsidiary of London-based Rio Tinto (RTP-N), has inked a deal with Guyanor Ressources (GRL.B-T) and Golden Star Resources (GSR-X) to explore the Pau…
Ivanhoe gets nod for merger with ABM
Shareholders of Ivanhoe Mines (IVN-T) overwhelmingly approved a merger with ABM Mining that will create an international mining company with copper operations in Myanmar (formerly Burma) and iron-ore …