Cambior mortgages Niobec to help pay lenders
Montreal-based Cambior (CBJ-T) has arranged a minimum US$13-million mortgage on its half-interest in the Niobec niobium mine in Chicoutimi, Que.The private Japanese investment company Jipangu will pro…
News
Base metals show gains in week of volatile trading
The Toronto Stock Exchange was quiet over the report period June 21-27, with the TSE 300 composite index sliding 74.37 points to close at 10,165.51, a modest loss of 0.7% of value. Still, the mining s…
Luscar among winners in BC rescue competition
Luscar, Cominco and Homestake Canada were the big winners in British Columbia’s Mine Rescue and First-Aid Competition, recently held in Kimberley.In simulated situations, mine rescue teams from these …
CDNX flounders as mining index takes a hit
Canada’s junior exchange closed the week ended June 27 on a down-tick. The Canadian Venture Exchange index dropped 40.53 points, or 1.2%, to finish at 3429.90. The mining index tumbled 102.43 points, …
A step in the right direction
The Tulsequah Chief project is in a breathtakingly beautiful corner of northwestern British Columbia, and its scenic splendor has worked its usual magic on environmental groups, who want to see it pre…
Spot Prices, Wed. June 28, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$286.35-$0.25Silver$ 4.96-$0.06…
Gold Funds (July 03, 2000)
Gold Funds as of June 22, 2000Dynamic MutualCentral FundNet Value$13.05$5.55Price$7.2…
Stoke your engines!
Supersonic jets may one day be capable of zipping from New York to Tokyo in a couple of hours, thanks to high-velocity engines powered by, of all things, coal.Coal looks likely to be a key element in …
Dufresne new MAC chairman
Guy Dufresne will replace John Carrington as chairman of the Mining Association of Canada (MAC).Dufresne is president of Quebec Cartier Mining and chairman of Montreal-based Cambior. For 20 years, he …
MOST ACTIVE ISSUES, June 21-26
ExchgVol(000s)HighLowCloseChangeWilliam ResT 36555 0.21 0.13 0.18 + 0.05…
Dia Met finds new leader
The long search for a new president for Dia Met Minerals (DMM-T) is over; James Rothwell will take the reins in mid-August, two weeks prior to the company’s annual meeting.James Eccott, who has been p…
Dow, gold waiting for Fed
The Dow Jones industrial average edged up 69.3 points to close at 10,504.46 for the report period ended June 27, as the market bided its time waiting for the U.S. Federal Reserve Board to decided whet…