Northern Miner Indices (September 24, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
News
LME Warehouse Levels (September 24, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 18/01 (change from Sept. 11 in brackets):MetalStock (tonnes)ChangeAluminium705075…
Gold Funds (September 24, 2001)
Gold Funds as of September 13, 2001Dundee Precious MetalsCentral FundNet Value$13.51$5.38Pr…
SouthernEra completes Messina financing (September 24, 2001)
Messina, a 70.4%-owned subsidiary of SouthernEra Resources, (SUF-T) has satisfied all conditions for a R345-million (US$40-million) loan to construct the Messina platinum-group-metals (PGMs) mine in S…
CDNX slides in wake of terrorist attacks
Vancouver — Canada’s junior exchange continued its downward slump over the week ended Sept. 18. The Canadian Venture Exchange composite index plunged 101.34 points, or 3.45%, to finish the week at 2,…
Producer and Dealer Prices (September 24, 2001)
Antimony: Mid-mkt US$1,100/t.Bismuth: Mid-mkt US$3.70/lb.Cadmium: Mid-mkt US$0.28/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$9.50-10.50/lb.Copper: Comex Dec US$0.657/lb.Indium: Indi…
Broad market slumps again
Although trading resumed on Sept. 13, the Toronto Stock Exchange was unable to weather the storm caused two days prior by the terrorist attacks in the eastern U.S. Consequently, the 300 index sank 204…
Trans Hex tests second target
Denver — A make-or-break exploration program by Trans Hex International (THI-T) is under way at the Barra Grande alluvial diamond project in Brazil.The junior is earning a 50% interest in the project…
Staff Investment Policy (September 24, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Sudbury Contact drops Tonkin Springs (September 24, 2001)
Denver — Sudbury Contact Mines (SUD-T) has withdrawn from the Tonkin Springs joint venture in central Nevada, citing poor exploration results.The company, which was earning a 60% stake in the project…
Global Diamond struggles with bank debt
Denver — Global Diamond Resources (GDRS-O) has called upon its major shareholders to save it from financial ruin.The Standard Bank of South Africa was granted rights to liquidate the company’s operat…
Tritton takes another blow (September 24, 2001)
Teck Cominco (TEK-T) has decided not to continue work at Nord Pacific’s (NPF-T) Tritton copper project in New South Wales, Australia.Nord Pacific and Cominco had been investigating the feasibility of …