Senior gold companies face ‘point of no return’
The twice-yearly Senior Gold Book, produced by the global mining team at HSBC Investment Bank, is one of most thorough reviews of the gold industry available to investors. It always tells it like it i…
News
Base metals gather steam
A mild uptrend brought improvements across most of the base metals complex during the report period Feb. 26-March 2, though aluminum, still recovering from the previous week’s sell-off, saw its averag…
AngloGold expands from South African base
When AngloGold (AU-N) was established in early 1998, it sought to transform itself from a company with aging South African mines and few growth opportunities into to a company with a broad portfolio o…
MOST ACTIVE ISSUES, FEB. 28-MAR. 6
ExchgVol(000s)HighLowCloseChangeAlcoa*N 14567 38.45 35.33 37.99 +1.74…
Sherritt extends offer for Luscar
Luscar Coal Income Fund Trust (LUS.U-T) says it will postpone the implementation of a shareholders’ rights plan as the Sherritt Coal Partnership has extended its hostile takeover bid until April 17.Th…
Boliden (March 12, 2001)
Denver — The first holes on the newly acquired Santa Julia claim block at the El Morro copper project in Chile have returned long intervals of mineralization for partners Noranda (NOR-T) and Metallic…
Nuinsco, Inco study mining accord in Thompson camp
Though still subject to due diligence and the resolution of various technical and legal issues, Nuinsco Resources (NWI-T) and Inco (n-t) have signed a letter of intent aimed at developing the Pipe Com…
McKenzie Bay proceeds with Lac Dor study
Junior McKenzie Bay International (mkby-o) has commissioned a bankable feasibility study of its Lac Dor vanadium project, 25 km southeast of Chibougamau, Que.A 4-member committee split equally betwee…
Precious metals producers sputter as prices sag
Gold prices fell back into the low US$260s in London during the Feb. 28-March 6 report period following a mid-February rally that saw prices shoot up from US$256 to US$268 per oz.There was a dearth of…
Ashanti, AngloGold boost reserves at Geita
Geita District, Tanzania — Tanzania’s mining renaissance owes much to the pioneering spirit of Ashanti Goldfields (ASL-N) and AngloGold (AU-N), which set out, in the late 1990s, to broaden their oper…
Angus, Cabot explore for tantalum in Greenland
In January 2000, shortly after its formation, Angus & Ross obtained a 414-sq.-km exploration licence covering a tantalum-and-niobium-bearing deposit within the Motzfeldt Centre of the Igaliko nephelin…
Canadian Stock Exchange Indices (March 12, 2001)
Date March 6 March 5 March 2 March 1 Feb. 28HighLow…