EVENTS (September 04, 2000)
Sept. 13-15 16th Canadian Tunnelling Conference — Organizer: Tunelling Association of Canada. Delta Centre-ville Hotel, Montreal, Que. Contact: France Goupil. Fax: (514) 521-4128. E-mail: gprmtl@…
News
Billiton outbids Noranda offer
An international takeover battle for Rio Algom (RIO-T) is brewing in the form of a $1.7-billion offer by British conglomerate Billiton. The bid trumps an earlier one by Noranda (NOR-T) to the t…
Atna walks from Cobalt deal
Junior Atna Resources (ATN-T) has terminated a letter-of-intent to acquire a half-interest in the Madison Cobalt project, in southeastern Missouri, from U.S. Cobalt (USC-V).Based on its due diligence …
Klipspringer gets nod
A long-anticipated feasibility study on the Klipspringer diamond project in South Africa envisions a 336,000-tonne-per-year operation cranking out 1.69 million carats over 11 years.Since 1997, Souther…
NAP on winning streak
Once awash in red ink, North American Palladium (PDL-T) has turned the corner to become a highly profitable junior producer.Net earnings in the three months ended June 30 topped $11.7 million (or 82 …
New world order
Competing takeover bids for base metal producer Rio Algom can’t have come as a surprise to too many industry-watchers. For three years now, the seers have been predicting consolidation in both the bas…
Corrections (September 04, 2000)
William Hayes is the executive vice-president of U.S. and Latin America operations for Placer Dome. He was not elected chairman of Placer Dome as stated in our Aug. 21-27 issue; he was elected chairma…
LME Warehouse Levels (September 04, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 29/00 (change from Aug. 22 in brackets):Metal Stock(tonnes) Change…
Metal Prices (September 04, 2000)
DateAug. 29Aug. 288Aug. 25Aug. 24Aug. 23BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)…
Golden Star adds to holdings in Ghana
Golden Star Resources (GSR-X) has consolidated its position around the Bogoso gold mine in Ghana by signing a letter-of- intent to acquire a 90% stake in the nearby Prestea property.South Africa’s JCI…
GeoNova eyes Bachelor Lake
For $4.75 million in cash and shares, Montreal-based junior GeoNova Explorations (GNE-M) is acquiring Ced-Or’s (COQ-M) interests in the Bachelor Lake gold mining complex.Situated in Quebec’s Le Sueur …
Northern Miner Indices (September 04, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T22.7ComincoCLT-T3.8FalconbridgeFL-T7.0Franco-Nevada MiningFN-T5.8Freeport McMoR…