Consortium offers US$17.6 billion for De Beers
The independent directors of De Beers Consolidated Mines (DBRSY-Q) have described as “fair and reasonable” a takeover offer by DB Investment (DBI), a consortium comprising the Oppenheimer family-run C…
News
Harmony’s Bissett under gun to cut costs
It’s crunch time for the Bissett underground gold mine in Manitoba as the South African-based owner appears to be running out of patience.Although it accounted for just 2% of Harmony Gold Mining’s (HG…
Indaba 2001 showcases Africa’s mineral potential
Cape Town, South Africa — The Investing in African Mining Conference (Indaba 2001), held here earlier this month, generated both optimism and pessimism among delegates weighing the continent’s minera…
Nickel division helps WMC triple earnings in 2000
Australia’s WMC wants to play a leading role in the rationalization of the world’s nickel industry.During a recent presentation to analysts and fund managers in Sydney, Australia, the day after the co…
A not-so-tiny bubble Reality bytes
In late January, about a hundred mining professionals gathered in a room in Toronto’s Sheraton Hotel to hear what Bay Street analysts and fund managers had to say about their industry’s future. Suffic…
News – 26-FEB-01
Hutchison: a miner’s miner
In my opinion, William Hutchison was the prime mining executive on the team from Preston East Dome and Technical Mine Consultants.Hutchison understood the importance of getting the project in producti…
Gold Fields closes hedges
Denver — In accordance with its belief that hedging gold at low prices is counterproductive, South Africa’s Gold Fields (GOLD-Q) has closed out its remaining gold hedge positions.The company bought b…
Richard Stoiber
Richard Stoiber, former professor of geology and professor emeritus at Dartmouth College, in Hanover, N.H., has died. He was 90.His association with Dartmouth spanned seven decades, from the time he e…
PEOPLE (February 26, 2001)
Autanabi — Glenn Laing appointed CEO;Claude Girard appointed chairman; Rocco Guarnaccia appointed president; Richard St-Julien appointed secretary and director; Marc Baribeau appointed director; Guy …
Lead gains as nickel tumbles
Base metal prices largely continued to trade sideways in low volumes during the report period Feb. 12-16. Lead was the only gainer on the London Metal Exchange (LME), as the average cash price gained …
Exchange Rates (February 26, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 20 Feb. 19 Feb. 16 Feb. 15Feb. 14US$ in C$1.53921.53591.5368…