Exchange Rates (December 04, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 28Nov. 27Nov. 24Nov. 23Nov. 22US$ in C$1.53691.53461.53921.5…
News
Repadre drops out of JV
Repadre Capital (RPD-T) has bowed out of the Night Hawk Lake joint venture, near Timmins, Ont.Subject to final approval, Repadre will sell its 60% interest to partners Cross Lake Minerals (CRN-T), Eas…
Billiton wins La Granja lottery
Denver — After week’s delay caused by the resignation of Peruvian President Alberto Fujimori, London-based Billiton has won its bid for a 5% royalty interest in the giant La Granja copper property.Bi…
EVENTS (December 04, 2000)
Dec. 11 Near-Surface Geophysics — Symposium organized by the Canadian Exploration Geophysical Society. At the MacDonald Block, 900 Bay St., Toronto. 8 a.m.-6 p.m. Cost: $75 non-members, $55 members. …
Aljustrel granted incentives
Vancouver — A US$32-million incentive package from the Portuguese government has enhanced the prospect of resuming operations at EuroZinc Mining’s (EXM-V) Aljustrel zinc-copper-lead project.The incen…
REGULAR DEPARTMENTS (December 04, 2000)
CareersClassifiedCommentaryDrillersEditorialInvestment CommentaryLetter to the EditorMetal PricesMetals CommentaryProfessional DirectoryStock TablesSubscription Services…
Aurora drills Foy
A first phase of drilling by Aurora Platinum (ARP-V) is testing a polymetallic showing at the Foy property, near Sudbury, Ont.Aurora can earn 60% interests in the Foy and nearby Footwall properties fr…
Sulliden cuts more zinc
Montreal-based Sulliden Exploration (SUE-T) has reported more encouraging results from a 9-hole, 1,200-metre drill program at its Mario base metal property, 50 km southwest of Huancayo, Peru.So far, S…
Rio sidelines De Beers in Ashton bid
London-based Rio Tinto (RTP-N) has received acceptances for 94.7% of the shares of Australia-listed Ashton Mining.The British major has further extended its offer to Dec. 13 to allow the remaining sha…
Partners expand Antamina
The already-massive Antamina copper-zinc deposit in Peru just got bigger.Proven reserves now stand at 313 million tonnes averaging 1.3% copper, 1.06% zinc and 0.03% molybdenum, plus 14.13 grams silver…
Northern Miner Indices (December 04, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.6ComincoCLT-T4.0FalconbridgeFL-T6.9Franco-Nevada MiningFN-T5.3Freeport McMoRan Cop’r BFCX-N4.6Homestake MiningHM-N4….
Kimberlites found at Ekati
Drilling this past summer at the Ekati mine property in the Northwest Territories resulted in the discovery of 11 additional kimberlite pipes, raising the number of confirmed kimberlites to 136.Nine o…