Year of the Survivor for mining industry
Age and guile beat youth and energy in 2000, as companies fought for survival.Survival of the fittest was the overarching theme of the year as exploration and mining companies competed for life-sustai…
News
Year is capped by Aber’s sale of Snap Lake to De Beers
Aber Diamond (ABZ-T) has agreed to sell its 32.24% interest in the promising Snap Lake project to South Africa’s De Beers Consolidated Mines (DBRSY-Q) for $173 million.The move came just days after Lo…
News – 01-JAN-01 (January 01, 2001)
Low commodity prices, high costs cast pall over 2000
Vancouver — The brutal combination of high costs and weak commodity prices translated into more mine closures than openings in the past year. Several companies were forced to suspend mining and devel…
The Northern Miner — North American Mining Index (January 01, 2001)
78.53 (+1.42)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (January 01, 2001)
43.92 (+0.40)(Sept. 30/98 = 100)…
LME Warehouse Levels (January 01, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 22/00 (change from Dec. 19 in brackets):Aluminium307250(+8325)Aluminium Alloy88200(-840)Copper348150(+9950)Lead…
Gold Funds (January 01, 2001)
Gold Funds as of Dec. 21 2000Dundee Precious MetalsCentral FundNet Value$11.44$5.36Price$6.20$4.670Discount45.8012.90Value$81,298,000$90,658,056…
Correction (January 01, 2001)
In our Investment Commentary (T.N.M., Dec. 18/00), Glenn Brown of Haywood Securities was incorrectly identified as the author of an analyst’s report on Mansfield Minerals (MDR-V).The report was writte…
Ontario gov’t to fly surveys near Dryden
Ontario’s Ministry of Northern Development and Mines will fly a series of geophysical surveys in the Kenora district in the new year. The surveys are part of Operation Treasure Hunt — a project, now …
Francisco to table El Sauzal feasibility study
Vancouver — Junior Francisco Gold (FGX-V) expects to table a bankable feasibility study for its El Sauzal project in Mexico late in 2001.Situated 13 km west of Batopilas in Chihuahua state, El Sauzal…
Labrador fund rejects Rio bid
The trustees of the Labrador Iron Ore Royalty Income Fund (LIF.N-T) have called Rio Tinto’s (RTP-N) $13.50-per-share offer for all the units of the fund “significantly below fair value.”The group says…