Partners comb Newfoundland for copper
Noranda (NOR-T) and Cornerstone Capital Resources (CRI-V) will explore the copper potential of a belt of rocks in eastern Newfoundland.The joint venture, dubbed the Red Cliff project, covers a 780-sq….
News
Phelps Dodge aims for smoother sailing at El Abra
Denver — After a rough year at the helm of the El Abra copper mine in northern Chile, Phelps Dodge (PD-N) is beginning to turn the operation around.The open-pit mine failed to meet the expectations p…
Metal Prices (March 12, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 6March 5March 2March 1Feb. 28Aluminium1581.50…
Exchange Rates (March 12, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 6March 5March 2March1Feb. 28US$ in C$1.53801.54731.54841.54…
Staff Investment Policy (March 12, 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…
Tiomin deals Cerro Colorado to Aur Resources
J.C. Potvin’s Tiomin Resources (TIO-T) is transferring ownership of the Cerro Colorado porphyry-copper project, in Panama, to Aur Resources (AUR-T).The deal falls under the terms of a loan-and-option …
Producer and Dealer Prices (March 12, 2001)
Antimony: Mid-mkt US$1,320/t.Bismuth: Mid-mkt US$3.90/lb.Cadmium: Mid-mkt US$0.21/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$13.25-14.55/lb.Copper: Comex March US$0.844/lb.Indium: I…
Senior gold companies face ‘point of no return’
The twice-yearly Senior Gold Book, produced by the global mining team at HSBC Investment Bank, is one of most thorough reviews of the gold industry available to investors. It always tells it like it i…
Base metals gather steam
A mild uptrend brought improvements across most of the base metals complex during the report period Feb. 26-March 2, though aluminum, still recovering from the previous week’s sell-off, saw its averag…
AngloGold expands from South African base
When AngloGold (AU-N) was established in early 1998, it sought to transform itself from a company with aging South African mines and few growth opportunities into to a company with a broad portfolio o…
MOST ACTIVE ISSUES, FEB. 28-MAR. 6
ExchgVol(000s)HighLowCloseChangeAlcoa*N 14567 38.45 35.33 37.99 +1.74…
Sherritt extends offer for Luscar
Luscar Coal Income Fund Trust (LUS.U-T) says it will postpone the implementation of a shareholders’ rights plan as the Sherritt Coal Partnership has extended its hostile takeover bid until April 17.Th…