Gold Funds (November 20, 2000)
Gold Funds as of Nov. 9, 2000Dynamic MutualCentral FundNet Value$11.52$5.44Price$6.40$4.590…
2000
Asarco prolongs mine life
Denver — At the Mission copper mine in southern Arizona, Asarco plans to reduce production and increase its stripping of waste material.Daily output is expected to fall 33% to 41,000 tonnes, while wa…
TSE needs better system
We recently observed, with some dismay, the fiasco on the Toronto Stock Exchange (TSE) involving the trading of Nortel Networks. Increasingly, there are concerns that this fiasco will reflect poorly o…
NMA names new leader
Denver — John (Jack) Gerard will replace Richard Lawson as president and chief executive officer of the Washington, D.C.-based National Mining Association.Gerard is chairman and CEO of the firm McClu…
LME Warehouse Levels (November 20, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 14/00 (change from Nov. 7 in brackets):MetalStock (tonnes)ChangeAluminium326075(…
Producer and Dealer Prices (November 20, 2000)
Antimony: Mid-mkt US$1,590/t.Bismuth: Mid-mkt US$3.70/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$13.25-16.50/lb.Copper: Comex Dec. US$0.8275/lb.Indium: I…
Weda Bay develops nickel laterite project
Having delineated a sizable nickel-laterite resource on the Indonesian island of Halmahera, junior Weda Bay Minerals (WDA-T) is now studying the feasibility of developing an open-pit nickel-cobalt min…
Corriente focuses on Equadoran properties
Vancouver — Having thinned out its portfolio of Argentine properties and put its Tasna bismuth mine, in Bolivia, up for sale, Corriente Resources (CTQ-T) is focusing its exploration efforts on the Co…
EVENTS (November 20, 2000)
Nov. 22-24 Northwest Territories 28th Annual Geoscience Forum — Organizer: N.W.T. Chamber of Mines, Yellowknife. Contact Jo Ann Tiemessen. Tel: (867) 873-5281. Fax: (867) 920-2145. E-mail: nwtmines@s…
Zaruma tests Luz del Cobre
Newly listed Zaruma Resources (ZMR-T) is carrying out metallurgical work at its Luz del Cobre project, in Mexico, in order to bring an existing feasibility study to the bankable level.Situated in the …
Positive study tabled for Finlayson
The Finlayson zinc project in southeastern Yukon is technically and economically viable, according to a prefeasibility study which assumes that the sulphide concentrates are marketable without any sec…
November mean month for gold mining
The brutal combination of high costs and weak prices has forced several companies to suspend mining and development activities at gold projects that aren’t robust enough to survive an industry downtur…