Suppliers Roundup (December 01, 2003)
Miller takes home two awardsNorth Bay-based Miller Technology, which produces personnel carriers for use underground, has received two awards.For the second time in the past decade, Miller was named C…
News
Court rejects Oka appeal
A Quebec court has rejected an appeal by the Union of Agricultural Producers (UPA) against an earlier ruling in favour of Niocan’s (NIO-T) niobium mining project in Oka, Que.The group had voiced conce…
European Mnrls ups Varvarinskoye reserves
A review by Arizona-based Mintec has boosted by 73% the proven and probable reserves at European Minerals’ (EPM.U-T) Varvarinskoye gold-copper deposit in northern Kazakstan.Based on a gold price of US…
LME Warehouse Levels (December 01, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 24 (change from Nov. 17 in brackets):MetalStock(tonnes)ChangeAluminium1393200(+8…
CNQ applies for exchange status
The Canadian Trading and Quotation System (CNQ), a small-cap equity market, has applied to the Ontario Securities Commission (OSC) for recognition as a stock exchange.The CNQ is currently a quotation …
Lending Rates (December 01, 2003)
as of 4 pm ET, Nov. 25, 2003(%)Bank of Canada3.00Target overnight rate2.75Canadian Prime4.50U.S. Discount Primary2.00U.S. Fed Funds market rate1.00U.S. Prime4.00LIBOR US$ 3-month1.17LIBOR US$ …
The Northern Miner Indices (December 01, 2003)
North American Mining: 102.60 (+1.34)Small Producers: 99.98 (+0.15)(Sept. 30/98 = 100)…
Rio Narcea’s earnings trimmed
A stronger euro pushed operating expenses higher and ate into the earnings of Rio Narcea Gold Mines (RNG-T) during the 3-month period ended Sept. 30.Still, the company ended on the plus side with net …
Exchange Rates (December 01, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 25Nov. 24Nov. 21Nov. 20Nov. 19US$ in C$…
Canadian Stock Exchange Indices (December 01, 2003)
DateNov. 25Nov. 24Nov. 21Nov. 20Nov. 19HighLowTSX Composite7822.34…
People (December 01, 2003)
Alcoa — Judith Nocito appointed corporate secretary and senior counsel.Firestone Ventures — James Porter appointed CFO and director.First Quantum — Robert Watts appointed independent l…
Barclays, CIBC to arrange Ona-Puma financing
Vancouver — Canico Resource (CNI-T) has appointed Barclays Capital and CIBC to arrange financing for its Ona-Puma nickel laterite project in Brazil’s Para state.Barclays and CIBC will set about secu…