IOC suspends plant construction
In response to a deteriorating steel market, Iron Ore Co. of Canada (IOC) is suspending construction of its iron-ore pellet plant in Sept-les, Que.The company has been in the midst of a $360-million …
2001
Namibian gets debt reprieve
Junior Namibian Minerals (NMR-T) has been granted another month to restructure its debt.The moratorium, which has yet to be ratified by Namibian’s credit insurers, means that repayments on US$21.25 mi…
Staff Investment Policy (October 08, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
The Northern Miner — North American Mining Index (October 08, 2001)
69.69 (+1.24)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (October 08, 2001)
45.33 (+2.09)(Sept. 30/98 = 100)…
Metal Prices (October 08, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 2Oct. 1Sept. 28Sept. 27Sept. 26Aluminium…
Exchange Rates (October 08, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 2Oct. 1Sept. 28Sept. 27Sept. 26US$ in C$1.56881.57891.5…
Tagish Lake drills Skukum Creek (October 08, 2001)
Whitehorse, Y.T. — Having restructured and consolidated ownership of the Skukum mineral property, 80 km south of here, Tagish Lake Gold (TLG-V) is determined to bring the Skukum Creek deposit into pr…
Too much money can be a bad thing
For some companies, the world ends with a bang and a whimper. A long, protracted whimper.Thus it was for the giant British conglomerate Marconi, which has fallen from 8 to a low of 0.12 over the pas…
Major Drilling gains assets Down Under
Moncton, N.B.-based Major Drilling is acquiring Ausdrill’s exploration drilling operations in Queensland, Australia, and New Zealand.The purchase includes drilling equipment, as well as contracts wort…
IMF forecasts spur optimism
Metals prices turned in another poor performance during the report period Sept. 24-28 as fears over the global economic outlook intensified. Of the major London Metal Exchange metals, nickel and zinc …
MOST ACTIVE ISSUES, SEPT. 26-OCT.2
ExchgVol(000s)HighLowCloseChangeAlcoa*N1814131.9528.3031.95+1.91…