Disc cutter under development
The Brisbane Australia-based Cooperative Research Centre for Mining Equipment and Technology has teamed up Terratec Asia Pacfic of Tasmania to develop an oscillating disc cutter (ODC).Toward that end,…
News
Demand for gold rises
The first quarter of 2001 saw further healthy growth in gold demand.Demand for gold jewelry and personal investment in the 27 leading gold-consuming countries rose to 826 tonnes, which is 5% higher th…
Rio Tinto ups SouthernEra stake (July 30, 2001)
London-based mining giant Rio Tinto (RTP-N) has agreed to up its stake in Toronto-based SouthernEra Resources (SUF-T) via a private placement of 2.5 million SouthernEra shares at $3.75 apiece.The move…
Arctic Platinum hits 6 million oz.
Vancouver — Results from a 25,700-metre drill program have prompted South African-based Gold Fields (GOLD-Q) and Finnish-based Outokumpu to more than double the previous resource estimate at their Ar…
Pan Am Silver deals Huaron
Pan American Silver (PAA-T) has optioned a portion of its Huaron property in Peru’s Cerro de Pasco district to South African major Anglo American (AAUK-Q).The agreement covers 30,000 ha of the norther…
Inmet profitable in Q2
Better operating results but poorer metal prices combined to keep second-quarter earnings at Inmet Mining (IMN-T) roughly the same as in 2000. For the three months ended June 30, the copper and gold p…
Staff Investment Policy (July 30, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Producer and Dealer Prices (July 30, 2001)
Antimony: Mid-mkt US$1,070/t.Bismuth: Mid-mkt US$3.75/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$9.20-9.80/lb.Copper: Comex Sept. US$0.6855/lb.Indium: In…
Canadian Stock Exchange Indices (July 30, 2001)
DateJuly 24July 23July 20July 19July 18HighLowTSE 3007586.517627.
Barrick sees profit at low end
Lower production and higher power costs at key mines took a bite out of Barrick Gold’s (ABX-T) recent second-quarte…
Cambior’s loss widens
Cambior’s (CBJ-T) slow recovery from a hedge book gone wrong in 1999 stumbled a bit during the second quarter of 20…
Drill turns at Goodpaster
Vancouver — Partners Western Keltic Mines (WKM-V) and Rimfire Minerals (RFM-V) have the drill turning at the Bound…