Platexco takeover clears hurdle
The long-drawn-out takeover of platinum junior Platexco (PTX-T) by South Africa’s Impala Platinum Holdings has cleared its final regulatory hurdle and is now expected to close by year-end.In June, Imp…
News
Dayton to close Andacollo mine
Slumping gold prices and low production have forced Dayton Mining (DAY-T) to shut down the Andacollo mine in central Chile. The operation is held by Compania Minera Dayton, a wholly owned subsidiary.M…
From the hip
In the early 1970s, my brother Tony and I were staking fractions for Don McLeod’s Vancouver-based Northair Mines. The day was cold and damp, and we were perched high up on Sproat Mountain near Whistle…
Regulators create mining panel
The Canadian Securities Administrators (CSA), the umbrella body of provincial securities commissions, is creating a committee to advise it on issues related to mining and mineral exploration.The panel…
Arthur Roy
Arthur Roy, who discovered several uranium deposits near Kirkland Lake, Ont., has died. He was 84.Roy, who worked for Inco and, independently, as a prospector, staked 15 claims in the Kirkland Lake ar…
Spot Prices Wed. December 13, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$269.95-$0.90Silver$ 4.65-$0.06Platinum$622.00+$23.00…
LME Warehouse Levels (December 18, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 12/00 (change from Dec. 5 in brackets):MetalStock(tonnes)ChangeAluminium305675(-…
Staff Investment Policy (December 18, 2000)
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…
Strength returns to base metals
During the report period Dec. 4-8, base metals markets put in their best performance since late August, as funds rushed to cover short positions. The market was invigorated early in the week by hints …
Palladium sets record, takes NAP along for ride
The big news of the Dec. 6-12 report period was the surge in palladium prices. The metal, once again benefiting from uncertain Russian supplies, climbed $80 to a London record of US$935 per oz. on the…
Barrick defers Pascua-Lama
Citing the poor gold and silver market, Barrick Gold (ABX-T) has further delayed the start of construction at its Pascua-Lama project, on the border between Chile and Argentina.Work at Pascua, origina…
Miners shine despite shaky gold
Denver — The Dow Jones industrial average posted three days of modest gains to finish the Dec. 6-12 report period on a positive note at 10,768.27, though the index was still off 130.45 points, or 1.2…