The Northern Miner — North American Mining Index (October 08, 2001)
69.69 (+1.24)(Sept. 30/98 = 100)…
2001
The Northern Miner — Small Producers Index (October 08, 2001)
45.33 (+2.09)(Sept. 30/98 = 100)…
Canyon raises stakes at Briggs
Vancouver — Colorado-based Canyon Resources (CAU-X) has inked a deal with Franco-Nevada Mining (FN-T) to pick up a 2% net smelter royalty (NSR) on the first 175,000 oz. of gold produced from its Brig…
BHP sets out exit from Ok Tedi
Partners in the Ok Tedi copper-gold mine in Papua New Guinea’s Western Province have settled on terms for the project’s Australian operator, BHP Billiton (BHP-N), to withdraw.BHP, which owns a 52% int…
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…
GREATEST VALUE TRADED, SEPT 26-OCT 2
ExchgVal($000s)HighLowCloseChangeAlcoa*N57963431.9528.3031.95+1.91…
Northern Miner Indices (October 08, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T21.0CamecoCO-T3.9FalconbridgeFL-T5.1Franco-Nevada MiningFN-T7.0Freeport McMoRan Cop’r BFCX-N4.8Homestake MiningHM-N7.4I…
Fording, workers settle strike
Members of the United Steelworkers of America Local 7884 have ratified an agreement with Fording Coal that will see increased wages for workers at the mine in Elkford, B.C.Mine workers had been withou…
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…
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 …