Nfld. pushes nickel smelter
The Newfoundland government is pressuring Inco (N-T) to build a smelter and refinery to process nickel concentrates from its Voisey’s Bay project in Labrador, now in the permitting phase.”No smelter, …
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EXPLORATION 1998 — Maude Lake to acquire stake in Comtois
A signed agreement with Cameco (CCO-T) allows Maude Lake Exploration (Mau-M) to acquire a 50% interest in the 4,222-ha Comtois property, 20 km from Lebel-sur-Quvillon, Que.The Val d’Or-based junior ca…
Inmet sues over Troilus
Inmet Mining (IMN-T) is initiating legal proceedings in British Columbia against Homestake Canada and Prime Resources Group (PRU-T) after the two companies backed out of their proposed US$110-million …
EDITORIAL — Government proposing tough legislation — Fighting bribery abroad
Sadly, this Earth is riddled with tin-pot dictators skimming cream from state-owned enterprise and sleazy bureaucrats ushering in “big tippers” to the backrooms where business deals are made. In this …
Canadian mineral output dogged by low prices
In 1997, the overall value of mineral production in Canada grew just 0.3% over the previous year, to $49.8 billion, according to figures released by Natural Resources Canada.Significant price declines…
High River exceeds target at Siberian gold mine
The Siberian region of Buryatia is known for its punishing climate and remoteness. Yet for High River Gold Mines (HRG-T), it is increasingly synonymous with reward.The Toronto-based company is a partn…
Tri Origin gains gold property in northwestern Ontario
Junior Tri Origin Exploration (TOE-T) has acquired the Caribou property in northwestern Ontario and plans to begin exploring for gold there in the coming months.Situated in the North Caribou Lake gree…
Potash Corp. of Saskatchewan enjoys record year — Company’s potash sales and profits go through the roof
Record fourth-quarter earnings helped make 1997 the seventh consecutive year of improved earnings for Potash Corp. of Saskatchewan (POT-T).PCS is the world’s largest potash company by capacity, the th…
GREATEST VALUE TRADED, Feb. 18-24
ExchgVolume(000’s)HighLowCloseChange.ZSBarrick GoldT…
MOST ACTIVE ISSUES, Feb. 18-24
ExchgVolume(000’s)Close.ZSarrick GoldT1121325.20Global Stone…
METAL PRICES – Daily Metal Prices (March 02, 1998)
BASE METALS (London Metal Exchange — Midday bid/ask prices in US$ per tonne)DateFeb. 24Feb. 23Feb. 20Feb. 19…
Philip Services reveals inventory adjustment
Hamilton, Ont.-based waste-management firm Philip Services revealed in late January that it is taking a one-time charge to its 1997 earnings of at least US$75 million relating to an after-tax “physica…