BHP, Rio Tinto to expand Escondida
Denver — Partners Broken Hill Proprietary (BHP-N) and Rio Tinto (RTP-N) have approved a US$1.04-billion expansion that would increase annual copper output at the giant Escondida copper mine in northe…
News
Hope Bay resource smaller but better
Partners Miramar Mining (MAE-T) and Hope Bay Gold (HGC-T) have announced a resource estimate for their Hope Bay gold property, which is smaller but more reliable than previous estimates.Drilling at th…
Claude squeezes costs, maintains earnings
Gold producer Claude Resources (CRJ-T) finished the third quarter of 2000 with net earnings of $1 million and is on-track to turn a modest profit at year-end.Claude earned 3 per share on revenue of $…
AngloGold eyes asset sales in South Africa
Denver — The world’s largest gold producer, AngloGold (AU-N), is considering selling the Elandsrand and Deelkraal gold mines and some of its Free State operations in South Africa.The company says it …
Sigma writedown sinks McWatters’ quarter
A dip in production levels and a $16.6-million writedown stemming from the closure of underground operations at the Sigma-Lamaque complex in Val d’Or, Que., pulled McWatters Mining (MCW-T) further int…
MEETINGS (December 04, 2000)
Dec. 8 Canadian Zinc — extraordinary; 10 a.m., Ste. 1202, 700 W. Pender St., VancouverDec. 8 Consol. Viscount Res. — general, extraordinary; 10 a.m., Ste. 1320, 925 W. Georgia St., VancouverDec. 8…
Aur nabs Quebrada Blanca
Aur Resources (AUR-T) has completed its purchase of a 76.5% stake in Compania Minera Quebrada Blanca, which owns and operates the Quebrada Blanca copper mine in Chile.Aur paid vendors Cominco (CLT-T) …
Hall of Fame Inductees (November 27, 2000)
William Guy Brissenden(born 1915)A hands-on approach to problem-solving enabled William Guy Brissenden to master repeated challenges during a lengthy career spent mostly with Noranda. His first challe…
Geomaque eyes Marathon deposit in Ontario
Geomaque Explorations (GEO-T), best known for its open-pit gold mines in Latin America, is trying its hand at a polymetallic surface deposit in northern Ontario.Polymet Mining (POM-V), which remains f…
HudBay, Eureka prove up Lottie Lake VMS property
There’s nothing terribly subtle about the mineral indicator chemistry on Eureka Resources’ (EUK-C) Lottie Lake property, 25 km northwest of Wells in British Columbia’s Cariboo mining district. Two yea…
TSE Short Positions (November 27, 2000)
Short positions outstanding at November 15, 2000Larger individual positions include: Abitibi-Consolidated Inc. 185,965 down 281,628; Alcan Aluminium Ltd. 203,080 down 317,871; Anderson Exploration Ltd…
Northern Miner Indices (November 27, 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….