NAME CHANGES (December 24, 2001)
Century Gold (CNT-V) has changed its name to Novra Technologies (NVI-V) on a 1-new-for-1-old-share basis.Visionary Mining (VIN-V) has changed its name to Nu-Vision Resource…
2001
Gold explorers jump back to life
Buyers managed to overtake sellers over the Dec. 12-18 report period to push the Toronto Stock Exchange 300 index up 54.84 points to 7,586.47.Gold surged ahead $5.65 in London markets to land at a mor…
Output to rise at Grasberg
Vancouver — Bucking the trend of other major producers, Freeport-McMoRan Copper & Gold (FCX-N) says it expects a 7.1% increase in copper production next year at its Grasberg mine in Indonesia.Output …
GREATEST VALUE TRADED, DEC. 12-18
ExchgVal($000s)HighLowCloseChangeBarrick GoldT59823026.2523.9526.22+2.32…
Exchange Rates (December 24, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 18Dec. 17Dec. 14Dec. 13Dec. 12US$ in C$1.57301.56461.56331.5…
Ontario names first OMET recipients
The provincial government has announced the first five projects to receive assistance under the $8-million Ontario Mineral Exploration Technologies (OMET) Program.Three of the projects will be oversee…
CAMESE hosts booth in Russia
The Canadian Association of Mining Equipment and Services for Export (CAMESE) is inviting companies to display posters at the sixth Moscow International Mining, Exploration and Mining Equipment Exhibi…
TSM
Towards Sustainable Mining, or TSM, an initiative of the Mining Association of Canada (MAC), is built on the premise that mining can contribute to the sustainability of our communities in a way that m…
Algoma workers to vote on new deal
Almost 4,000 union members at Algoma Steel in Sault Ste. Marie, Ont., were expected to vote on Dec. 21 on a 32-month contract that would avoid layoffs and protect pensions yet reduce wages by an avera…
Blackstone gains Ursus diamond property
Vancouver — Blackstone Ventures (BLV-V) has inked a deal with the numbered company 4763 NWT to acquire the Ursus diamond property in the Coronation Gulf area of Nunavut.The 46-sq.-km property is 45 k…
Producer and Dealer Prices (December 24, 2001)
Antimony: Mid-mkt US$1,130/t.Bismuth: Mid-mkt US$3.25/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.50-7.60/lb.Copper: Comex Mar. US$0.69/lb.Indium: Indiu…
Stillwater revises facility
Vancouver — Armed with a revised operating plan, North America’s largest producer of platinum and palladium has renegotiated its US$250-million credit facility.Stillwater Mining (SWC-N), which has al…