Staff Investment Policy (January 08, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
2001
Friedland, EPA settle Summitville suit
Denver — Mining financier Robert Friedland has reached a settlement with the U.S. and Colorado governments to end four and a half years of legal wrangling over an environmental cleanup of the Summitv…
Metal Prices (January 08, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 2Jan. 1Dec. 29Dec. 28Dec. 27Aluminium1566.50/1…
More diamonds reported from Destiny
Surface sampling at the Destiny diamond showing, 25 km north of Wawa, Ont., has yielded additional diamonds from a lamproite dyke.The sampling, by Pele Mountain Resources (YPN-V), recovered 42 diamond…
Charges ruled out in Frailes spill
A Spanish judge has ruled that criminal charges should not be laid in connection with the April 1998 tailings spill at the Los Frailes base metal mine in southwestern Spain, owned by a subsidiary of B…
Exchange Rates (January 01, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 26Dec. 25Dec. 22Dec. 21Dec. 20US$ in C$HolidayHoliday1.51671.51851.5219C$ in US$Holiday Holiday0.65930.65850.6570EXCHANGE RATES…
All flat on the western front
Vancouver — Canada’s junior exchange remained flat leading up to the Christmas holidays. For the 3-day report period ended Dec. 26, the Canadian Venture Exchange composite index was relatively unchan…
Cumberland gets $1.3m
Cumberland Resources (cbd-t) has closed a private placement for 1.2 million units that will bring in about $1.3 million for work at the Meadowbank gold project in Nunavut.A million of the units are be…
Discoveries by McWatters, Noranda highlight 2000
The dreary state of metal markets failed to deter several domestic explorers from advancing their projects in 2000. Leading the pack was McWatters Mining, which began the year with a fourfold increase…
Int’l Annax cuts massive sulphides at Dairi
Vancouver — Drilling at the Dairi massive sulphide project in Indonesia has yielded more encouraging grades for International Annax Ventures (iax-v).Hole 44D, collared 3 km northwest of the Anjing Hi…
LME Warehouse Levels (January 01, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 22/00 (change from Dec. 19 in brackets):Aluminium307250(+8325)Aluminium Alloy88200(-840)Copper348150(+9950)Lead…
Gold Funds (January 01, 2001)
Gold Funds as of Dec. 21 2000Dundee Precious MetalsCentral FundNet Value$11.44$5.36Price$6.20$4.670Discount45.8012.90Value$81,298,000$90,658,056…