Canada and global mining
The management of Canada’s mineral wealth and resources has had numerous benefits for the country. These benefits are the direct result of Canadians working here and abroad.For the mining industry to …
News
News – 06-NOV-00
Gold-as-money, Part II
If gold is the mortal enemy of central bankers, as suggested by Lawrence Parks, executive director of the Foundation for the Advancement of Monetary Education (FAME), is there hope for a truce or a pe…
Anglo drilling extends zone at Aripuana
Drilling by Anglo American (AAUK-Q) at the Aripuana property in Brazil has intersected a zone of zinc and lead sulphide mineralization in a stepout hole 160 metres northwest of the previously drilled …
Ashton urges acceptance of De Beers’ bid
The board of directors of Australian-listed Ashton Mining has recommended that its shareholders reject Rio Tinto’s (RTP-N) A$1.85-per-share offer, which it described as “neither fair nor reasonable,” …
Agnico-Eagle completes LaRonde mine expansion
Having expanded its LaRonde gold mine in northwestern Quebec, Agnico-Eagle Mines (AGE-T) is expecting a steady stream of cash flow.In October, underground production was ramped up to 5,000 tons per da…
Zaldivar boosts Placer’s performance
Placer Dome’s (PDG-T) wholly owned Zaldivar copper mine is proving a significant contributor to the major’s bottom line. Situated in northern Chile, the open-pit, heap-leach operation added US$213 mil…
Noranda continues profitable growth, enhances Perseverance
Stronger commodity prices nudged Noranda’s (NOR-T) third-quarter earnings a little higher, despite higher energy prices and an ongoing strike at the Sudbury, Ont., operations of subsidiary Falconbridg…
TSE Shorts (October 30, 2000)
Short positions outstanding at October 15, 2000Larger individual positions include: Abitibi-Consolidated 1,613,951 up 619,717; Alcan Aluminium 536,841 up 100,179; Anderson Exploration 1,762,…
Alcan completes merger
The long-awaited merger between Montreal-based Alcan Aluminum and the Alusuisse Lonza Group (Algroup) of Switzerland has been completed, with both companies agreeing to an exchange of shares.The origi…
Stillwater earnings climb
Despite the temporary suspension of the semi-autogenous grinding (SAG) mill at its platinum-palladium mine in Montana, Stillwater Mining (SWC-X) recorded solid production and earnings figures for the …
Producer and Dealer Prices (October 30, 2000)
Antimony: Mid-mkt US$1,670/t.Bismuth: Mid-mkt US$3.65/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$16.10-17.00/lb.Copper: Comex Dec. US$0.8655/lb.Indium: I…