GREATEST VALUE TRADED, August 23-29
Exchg Val($000s)HighLowCloseChangeRio AlgomT 806390 29.00 26.20 28.70 + 2.45…
News
Exchange Rates (September 04, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 29Aug. 288Aug. 25Aug. 24Aug. 23…
Producer and Dealer Prices (September 04, 2000)
Antimony: Mid-mkt US$1,750/t.Bismuth: Mid-mkt US$3.20/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$13.95-16.00/lb.Copper: Comex Sept. US$0.879/lb.Indium: I…
Can-Cal
BHP World Minerals, a division of Broken Hill Proprietary (BHP-N), will join Caledonia Mining (CAL-T) in exploring the Kalimba copper-cobalt properties in the Zambian copperbelt.BHP can earn an initia…
Analysts ponder fate of copper companies
The battle for control of Rio Algom (rom-t) is keeping mining analysts busy in what would otherwise be a quiet Canadian summer. Talk on the street is that Noranda (nor-t) will boost its $24.50-per-sha…
River runs red in quarter
Higher production costs left River Gold Mines (RIV-T) with a loss of $1.6 million (or 5 per share) in the three months ended June 30.River, which took in revenue of $8 million during the quarter, los…
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@…
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…