Placer cuts hedge book, extends Aurion offer
A day after deciding to reduce its hedge book, Placer Dome (PDG-T) extended its takeover offer for AurionGold, an Australian producer that is itself heavily hedged.By year-end, Placer expects to have …
News
Net-based software helps users make decisions
Perth, Australia-based Intierra has developed software that monitors the global resource industry.Subscribers will receive, via the Internet and in map form, information on Australian geoscience and f…
PEOPLE (September 09, 2002)
BHP Billiton — David Munro appointed vp.Dofasco — Walter Bilenki appointed vp, finance; Joe Neri appointed president, powerlasers and Howard Woods appointed general manager, Dofasco USA.Mineral I…
Alcan receives award
Alcan has won an award from the United Nations and the International Chamber of Commerce for excellence in sustainable development.The award was presented to the aluminum company’s International Micro…
News – 09-SEP-02
Cambior readies Rosebel as Omai declines
With mining at the Omai open-pit gold mine in Guyana slated to finish by the end of 2005, Cambior (CBJ-T) is preparing for construction at the Rosebel open-pit gold project in neighbouring Suriname.To…
Cumberland looks to Canada’s Far North
Baker Lake, Nunavut — Convinced that its wholly owned Meadowbank gold project in the Canadian Arctic has the potential to deliver 250,000 oz. annually, Cumberland Resources (CBD-T) is spending $6.4 m…
Canadian Stock Exchange Indices (September 09, 2002)
DateSept. 3Sept. 2Aug. 30Aug. 29Aug. 28HighLowTSX Composite6453.50Holiday6611.956589.976579.94…
The Northern Miner — Small Producers Index (September 09, 2002)
79.00 (+4.90)(Sept. 30/98 = 100)…
The Northern Miner — North American Mining Index (September 09, 2002)
74.83 (-0.32)(Sept. 30/98 = 100)…
Producer and Dealer Prices (September 09, 2002)
Antimony: Recent trades US$1,900-2,150/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.30/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.50-7.30/lb.Copper: Comex Dec US$0.6835/lb….
Exchange Rates (September 09, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 3Sept. 2Aug. 30Aug. 29Aug. 28US$ in C$1.5543Holiday1.55891.