Expo-Ungava yields more PGM
Having taken another look at some assay pulps from four holes collared by a previous operator on the Expo-Ungava co…
2001
Trading Summary (July 23, 2001)
The oil and gas sector stood out from the pack, gaining 115.77 points, or 1.4%, helping to soften the blow of wider…
New kimberlite found on Rockinghorse
Drilling by Kennecott Canada Exploration on Tahera’s (TAH-T) Rockinghorse property in Nunavut has uncovered a new kimberlite body.The so-called Anuri kimberlite was discovered near the head of the pro…
King drilling advances in Far North
Vancouver — Diamondex Resources (DSP-V) is stepping up the pace of exploration at its wholly owned King property in the Northwest Territories.The junior is drilling holes 4 and 5 as part of a $2.7-mi…
Falling Metal Prices crush Falco’s earnings
Slumping nickel, copper and zinc prices more than halved Falconbridge’s (FL-T) earnings during the three months ended June 30.The company posted earnings of $55.8 million (or 30 per share) for the th…
Energy ministers form committee
Federal, provincial and territorial energy ministers have agreed to establish an Energy Markets Committee to ensure a co-operative approach to furthering North American energy opportunities.The minist…
Northern Miner Indices (July 23, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.8ComincoCLT-T4.9FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N5.0Homestake MiningHM-N6….
METAL PRICES (July 23, 2001)
DateJuly 17July 16July 13July 12July 11BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)b>Aluminium1419/14461419/14461424/1450.501426/14…
Namco creditors approve restructuring (July 23, 2001)
Creditors of Namibian Minerals (NMR-T) have approved a plan of arrangement that will bring the company’s subsidiaries out of provisional liquidation, leaving it to the South African courts to give fin…
Kimberlite float found at Star
A sub-surface layer of till containing kimberlite float boulders has been uncovered by Ashton Mining of Canada (ACA-T) at the Star joint-venture property in the Northwest Territories.The junior diamon…
First Quantum refinances Bwana Mkubwa (July 23, 2001)
Vancouver-based First Quantum Minerals (FM-T) has borrowed US$14.2 million from KBC Bank to refinance and possibly expand its Bwana Mkubwa copper tailings recovery project in Zambia.The debt facility,…
Cameco closes debentures sale (July 23, 2001)
Cameco (CCO-T), the world’s largest uranium supplier, has completed the sale of $50 million worth of Series B 7% debentures, which are due July 6, 2006.The debentures have received a rating of A (low)…