Northern Miner Indices (November 19, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
2001
Idaho Cons. breaks pact with Crystallex
Under a mutual agreement, Crystallex International (KRY-T) will no longer be providing technical support services to Idaho Consolidated Mines (IDO-V) at the Stillwater complex in Montana.The original …
TVX chalks up quarterly loss (November 19, 2001)
Lower realized prices and the devaluation of the Brazilian real saw TVX Gold (TVX-T) end the third quarter in the red.Net losses in the three months ended Sept. 30 totalled US$1.1 million on revenue o…
CDNX breaks 3000 mark
Vancouver — Canada’s junior exchange posted gains on all fronts over the report period ended Nov. 13. The Canadian Venture Exchange composite index tacked on 66.11 points, or 2.24%, to finish the wee…
Vannessa seeks injunction
Vancouver — Legal issues are once again taking centre-stage at the Las Cristinas gold property in Bolivar state, Venezuela. Minera Las Cristinas (Minca), which is 95%-held by Vannessa Ventures (VVV-V…
Competitiveness
Pittsburgh, Pa.-based Allegheny Technologies has sold the North American operations of distribution company Titanium Industries to a new company led by the latter’s management.Allegheny will retain ti…
Reversal of 3809 rules makes sense
The repeal of several provisions in the U.S. Department of the Interior’s Surface Management Regulations — usually called the “3809 Regulations,” for their place in the Federal Register — represents…
Geologists discuss new technology
The next meeting of the Toronto Geological Discussion Group will examine the merits of 3-D Quest, a technology designed to reduce risks associated with exploration drilling.Robert Gordon, manager of g…
Base metals trend upward following copper production cuts
Base metals were in a strong position at the end of the report period Nov. 5-9. In a delayed reaction to cuts to copper production, prices across the whole base metals complex broke through stops in t…
BHP Billiton to close Rietspruit coal operation
Partners Ingwe Coal and Tavistock Collieries will close the Rietspruit coal mine in South Africa.Ingwe is a subsidiary of BHP Billiton. Michael Oppenheimer, president of BHP Billiton’s energy and coal…
Geomaque gains more time
Geomaque Explorations (GEO-T) now has until mid-December 2001 to restructure a credit facility with Resource Capital Fund. All scheduled payments continue to be deferred.Meanwhile, mining activities a…
NovaGold expands Acma target
Vancouver — Recent drill results suggest that NovaGold Resources (NRI-T) is succeeding in defining a small but high-grade deposit within the larger resource at its Donlin Creek deposit in Alaska.Situ…