The Northern Miner — North American Mining Index (January 29, 2001)
73.75 (+2.14)(Sept. 30/98 = 100)…
News
Tight spreads bolster base metals
The report period Jan. 15-19 was a strong one for base metals prices as tight nearby spreads in aluminum, copper and nickel supported the complex, pushing cash and 3-month quotes in several key market…
The Northern Miner — Small Producers Index (January 29, 2001)
49.74 (+2.97)(Sept. 30/98 = 100)…
Rio Tinto OKs Northparkes
Denver — London-based Rio Tinto (RTP-N) has approved development of the Lift 2 project at the Northparkes copper-gold mine in New South Wales, Australia.Construction of the A$139-million project will…
Plus a change, . . . Chaos in the Congo
The Democratic Republic of Congo (DRC), formerly Zaire, is aptly described as one of the most chaotic and corrupt nations in Africa. It was that way when rebel leader Laurent Kabila seized control fro…
Grasberg mine a star performer for Freeport-McMoRan
Denver — Higher grades and better recovery rates at the giant Grasberg operation in Irian Jaya, Indonesia, resulted in a record- setting fourth quarter for Freeport-McMoRan Copper & Gold (FCX-N).Copp…
Stollery’s legacy
In 1949, Arthur Stollery (1914-1994) was working for Franc Joubin (1911-1997) at the Camray Uranium prospect, north of Sault Ste. Marie, Ont. Joubin asked him to examine the surface showing on the Lon…
Copper Ridge eyes more Mexican ground
Junior Copper Ridge Explorations (KRX-V) has inked a deal that adds the San Carlos and Gitana claims to its stable of Mexican projects.The company is already earning an interest in the Gavilanes and E…
Int’l Annax tables resource
Vancouver — Junior International Annax Ventures (IAX-V) has tabled initial resource estimates for the Sopokomil deposit at the Dairi project in Sumatra, Indonesia. The deposit is believed prospective…
Partners active near Red Lake
Vancouver — Partners Rubicon Minerals (RMX-V) and AngloGold (AU-N) have begun a 450-metre program of diamond drilling at the Norseman geophysical target, 30 km northeast of Red Lake, Ont.Ground magne…
WAMIC to host ‘Night of the Groundhog’
The Women’s Association of the Mining Industry of Canada (WAMIC) Foundation is inviting miners in the Toronto region to shake off the winter blues at a special fund-raising event titled “The Night of …
Falco cuts Kidd output
Production has been halted by Falconbridge (FL-T) at a portion of its Kidd Creek copper-zinc operation, in Timmins, Ont., following a ground movement after blasting late last year.The company says pro…