Mining index hurdles 6000 mark
Vancouver — Canada’s junior exchange continued to drift higher, propelled by a triple-digit gain in the mining index. The Canadian Venture Exchange composite index tacked on 81.9 points, or 2.6%, and…
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Golds tank again on price slide
The Toronto Stock Exchange was modestly higher over the trading period Jan. 24-30, avoiding the wild mood swings it had experienced in December, despite seeing relatively heavy trading. The TSE 300 co…
PGE exploration tops agenda at Cordilleran Roundup
Vancouver — Platinum and palladium plays took centre-stage at the 18th annual Cordilleran Roundup, held here in late January. About 2,100 delegates and 128 exhibitors attended the 4-day event, which …
Stainless future for manifolds
As engine temperatures rise to make harmful emissions fall, automakers are turning to cast stainless exhaust manifolds to prevent thermal fatigue.”Because engines are running much hotter, some applica…
Summo bids for half-interest in Matrix
Denver — Junior Summo Minerals (SMA-T) has struck a deal with the two largest shareholders of Matrix Metals for the purchase of a 48% stake in the Australian copper producer.Summo will acquire 40% of…
Great Quest to focus on Baroya Banro prolongs suit against DRC
Vancouver-based Great Quest Metals (GQ-V) has renegotiated its right to earn a 95% interest in the Baroya concession, 12 km north of Kenieba in western Mali. The project is west of, and adjacent to, t…
Goldcorp bumps up grade
Goldcorp (G-T) has increased by 43% the number of contained ounces in the High Grade zone of the Red Lake mine in northwestern Ontario.The mine, which re-entered production in August, now has a reserv…
Northern Miner Indices (February 05, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.7ComincoCLT-T4.5FalconbridgeFL-T6.3Franco-Nevada MiningFN-T5.8Freeport McMoRan Cop’r BFCX-N4.0Homestake MiningHM-N3….
Piecing together the future of coal mining
High-school students in Australia are using Lego building blocks to design tomorrow’s coal mining machines.Forty students from grades 10 and 11 gathered at the St. Lucia campus of the University of Qu…
Hirshhorn’s quest for wealth
At about five feet, three inches, Joseph Hirshhorn (1899-1981) did not tower over anyone. But as a mining financier and art collector, he was head-and-shoulders above most.Born in Latvia in 1899, Hirs…
Rio Tinto posts strong quarter
Denver — The fourth quarter of 2000 was highlighted by a 40% increase in iron ore production and a 24% rise in aluminum production for Rio Tinto (RTP-N).The increase is attributed to the company’s ac…
Minefinders tops up treasury
Vancouver-based Minefinders (MFL-T) has closed a $1.5-million private placement of 1.6 million units priced at $1 apiece.Each unit comprises one share and one non-transferable warrant allowing the hol…