T.N.M. welcomes letters (August 26, 2002)
The Northern Miner welcomes letters to the editor on any article appearing in the paper or on any aspect of the mining industry. We reserve the right to edit letters for length or readability. Letters…
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TSE Short Positions (August 26, 2002)
Short positions outstanding at August 15, 2002Larger individual positions includeAber Diamond Corporation 301647 down 88375; Agnico-Eagle Mines Ltd. 5573295 down 293714; Atacama Minerals Corp.
US copper consumption dips in 2001
For the first time in five years, domestic consumption of copper and copper alloy mill products did not reach a record high.The 2001 level of domestic use totalled 8.2 billion lbs., a 15.5% decrease f…
Higher premiums almost close coal mine
More than 100 jobs at a U.K. coal mine have been saved following a last-minute deal to secure insurance coverage.More than 80 workers out of a total of 110 at the Betws coal mine, in Ammmanford, Carma…
Carnage continues in China
Rescue teams in China have recovered the bodies of 10 workers killed in a gas explosion at a coal mine in the northeastern province of Heilongjiang.Officials at the mine, near the city of Jixi in nort…
Slave battle heads to courts
A dispute between joint-venture partners Ashton Mining of Canada (ACA-T) and Pure Gold Minerals (PUG-T) over the Slave Regional project is headed for the courts.Ashton filed a statement of defence and…
Economics papers receive awards
The Houghton, Mich.-based Mineral Economics and Management Society has presented two awards for papers written by graduate students on the topic of mineral economics.First prize of US$1,000 was presen…
PEOPLE (August 26, 2002)
Emgold — William Witte appointed president and CEO.Falconbridge — Michael Doolan appointed VP and CFO.Golden Phoenix — Ronald Parratt appointed director.Jilbey Enterprises…
Short covering flatters to deceive
Aug. 12-16 at a Glance- Copper prices remain more cushioned on the downside, owing to a shortage of raw materials, but a test of the January low of US$1,434 per tonne is still likely in the current en…
Drills turn at Poste Lemoyne (August 26, 2002)
Equal partners Virginia Gold Mines (VIA-T) and TWG Corp. (GWC-V) have begun a 19-hole drilling campaign on their Poste Lemoyne gold project in the James Bay area of northwestern Quebec.The program is …
Northern Miner Indices (August 26, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T23.2%CamecoCCO-T3.2%FalconbridgeFL-T5.2%Freeport BFCX.B-N5.8%GoldcorpG-T4.2%IncoN-T9.2%Meridian GoldMNG-T2.8%Newmont MiningNE…
Lending Rates (August 26, 2002)
as of 4 pm ET, Aug. 20, 2002(%)Bank of Canada2.75Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.77LIBOR US$ 6-month1.76LIBOR US$ 1-year1.90Gold lease 3-month0.32Gold leas…