PEOPLE (January 14, 2002)
Ayrex — James Evaskevich appointed president and director; Robert Pearson and Gordon Bowerman appointed vice-presidents and directors.Boliden — Ruben Ornstein appointed CFO and Marianne Lindholm app…
News
Producers rise on higher prices
The ongoing battle for Normandy Mining (ndy-t) took centre stage in eastern markets once again, with American producer Newmont Mining upping the ante at the start of the Jan. 2-8 report period.Newmont…
Breakwater boosts reserves (January 14, 2002)
An independent review of Breakwater Resources’s (BWR-T) El Mochito mine in Honduras and El Toqui mine in Chile has resulted in an increase in mineral reserves and resources.The review, which included …
Nanisivik claims second life in five months
A 46-year-old man, formerly of Hamilton, Ont., was killed in the early hours of New Year’s Day at the Nanisivik zinc-silver mine on the northern tip of Baffin Island, Nunavut.The man was operating a r…
Canada sells more gold
The government of Canada liquidated 55,000 oz. gold in December 2001 to hold 1.1 million oz. in reserve.The value of the remaining reserves is US$291 million, down from US$305 million in November 2001…
Global Mining Initiative
An industry conference known as the “Global Mining Initiative” will be held May 12-15 in Toronto.The event is expected to attract more than 1,000 delegates from all levels of the mining sector. They w…
NZ ships more coal
The outlook for New Zealand coal exports is bright.Solid Energy, a Christchurch-based coal company, expects to set a record for the fiscal year ending June 30, 2002, with forward orders projected to i…
Alcoa posts first quarterly loss in eight years
Alcoa was the first out of the blocks among the majors in 2002 with its quarterly financials, and the results were less than stellar.Suffering a special after tax-charge of US$241 million (US28 per s…
Northern Miner Indices (January 14, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningFN-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mining…
Daily Metal Prices (January 14, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 8Jan. 7Jan. 4Jan. 3Jan. 2Aluminium1417/1429…
Aurora finances work in Ontario
Aurora Platinum (ARP-V) has topped its treasury with a $1-million brokered financing by Haywood Securities.The Vancouver-based junior is exploring for nickel-copper-platinum group metal deposits in On…
What’s in store for the US dollar and gold?
In a short essay titled Making sense of the gold price, Paul van Eeden of Rick Rule’s San Diego-based Global Resource Investments makes a compelling case for buying gold to protect against a weakening…