2001

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…




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…


New reserves found at Sleeping Giant

Underground drilling at the Sleeping Giant mine in northwestern Quebec has led to the discovery of three gold-rich lenses that could extend the mine life by at least two years.Equal owners Cambior (CB…


A drill in action at the Skukum Creek property in the southern Yukon, now being explored by Tagish Lake Gold.

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 …



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