Nickel stocks fall as price continues to climb
The report period Aug. 21-25 was a lethargic one, characterized by rangebound trading for base metals markets.Nickel was the only major market in which trading showed any clear sign of direction. The …
News
Analysts ponder fate of copper companies
The battle for control of Rio Algom (rom-t) is keeping mining analysts busy in what would otherwise be a quiet Canadian summer. Talk on the street is that Noranda (nor-t) will boost its $24.50-per-sha…
Can-Cal
BHP World Minerals, a division of Broken Hill Proprietary (BHP-N), will join Caledonia Mining (CAL-T) in exploring the Kalimba copper-cobalt properties in the Zambian copperbelt.BHP can earn an initia…
Sunshine dims under cloud
Silver explorer Sunshine Mining & Refining has filed for protection under chapter 11 of the U.S. bankruptcy act.The company has proposed a plan of reorganization with the approval of its four largest …
River runs red in quarter
Higher production costs left River Gold Mines (RIV-T) with a loss of $1.6 million (or 5 per share) in the three months ended June 30.River, which took in revenue of $8 million during the quarter, los…
Editor’s Response
The Northern Miner received the letter from Mr. Sloan of Can-Cal Resources through several channels. Our assistant editor, James Whyte, felt obliged to reply to a number of points in the letter:Mr. Sl…
MEETINGS (September 04, 2000)
Sept. 6 Goldhunter — annual, general, special; 4:15 p.m., Ont. Club, Commerce Court South, TorontoSept. 7 Aurado Expl. — specialSept. 7 Trans Hex — annual, special; 10 a.m., Ste. 2100,…
LME Warehouse Levels (September 04, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 29/00 (change from Aug. 22 in brackets):Metal Stock(tonnes) Change…
EVENTS (September 04, 2000)
Sept. 13-15 16th Canadian Tunnelling Conference — Organizer: Tunelling Association of Canada. Delta Centre-ville Hotel, Montreal, Que. Contact: France Goupil. Fax: (514) 521-4128. E-mail: gprmtl@…
Canadian mining: leaders in productivity
An information bulletin from Natural Resources Canada states that annual productivity growth in the country’s minerals and metals sector exceeded that of the total economy between 1984 and 1998.(The m…
CDNX grabs bull by horns
Canada’s junior exchange ended the report period Aug. 23-29 on a high note, with all indices posting gains. The Canadian Venture Exchange composite index jumped 64.61 points, or 1.9%, to finish the we…
Billiton outbids Noranda offer
An international takeover battle for Rio Algom (RIO-T) is brewing in the form of a $1.7-billion offer by British conglomerate Billiton. The bid trumps an earlier one by Noranda (NOR-T) to the t…