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…
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…
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…
Producer and Dealer Prices (March 12, 2001)
Antimony: Mid-mkt US$1,320/t.Bismuth: Mid-mkt US$3.90/lb.Cadmium: Mid-mkt US$0.21/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$13.25-14.55/lb.Copper: Comex March US$0.844/lb.Indium: I…
Staff Investment Policy (March 12, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Exchange Rates (March 12, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 6March 5March 2March1Feb. 28US$ in C$1.53801.54731.54841.54…
Metal Prices (March 12, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 6March 5March 2March 1Feb. 28Aluminium1581.50…
Placer Dome helps grubstake Ontario geoscientists
Placer Dome has donated $100,000 to the fund to support the new Association of Professional Geoscientists of Ontario (APGO).The APGO, established under the province’s Geoscientists Act in 2000, will b…
DRC tables positive study
Vancouver — An independent consultant estimates that DRC Resources’ (DRC-V) past-producing Afton copper-gold property still holds an indicated mineral resource of 25 million tons averaging 2% copper …
LME Warehouse Levels (March 12, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 6/01 (change from Feb. 28 in brackets):MetalStock(tonnes)ChangeAluminium475425(…
Spot Prices Wed. March 7, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$261.55-$3.45Silver$ 4.42-$0.01Platinum$586.00-$…
TSE Short Positions (March 12, 2001)
Short positions outstanding at February 28, 2001Larger individual positions include:Abitibi-Consolidated Inc. 505,369 down 1,588,485; Alcan Inc. 858,799 down 224,102; Anderson Exploration Ltd.