Correction (October 01, 2001)
In our article “Franco to control Echo Bay in debt deal” (T.N.M., Sept. 17/01), we reported that Echo Bay Mines (ECO-T) would still owe accrued interest on capital securities being converted to shares…
2001
Pasminco appoints administrator
Troubled Australian zinc producer Pasminco has appointed an administrator to take over the company’s affairs after a standstill agreement with the company’s creditors broke down in September.Pasminco,…
New trends in platinum demand
Demand for platinum in 2000, at 5.6 million oz., was marginally up on the record level achieved in 1999, but the pattern of consumption was significantly different from that of recent years.Sales to t…
MOST ACTIVE ISSUES, SEPT. 19-25
ExchgVol(000s)HighLowCloseChangeAlcoa*N2747130.6327.3630.04-0.16…
Northern Miner Indices (October 01, 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…
Robert’s Arm extended to partners
A second phase of drilling in the Buchans-Robert’s Arm volcanic belt of central Newfoundland has come back dry for Altius Minerals (ALS-V) and Inmet Mining (IMN-T).The partners sank one new hole and e…
LME Warehouse Levels (October 01, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 25/01 (change from Sept. 18 in brackets):MetalStock (tonnes)ChangeAluminium708025…
Third kimberlite found at Rockinghorse
Kennecott Canada Exploration has made another kimberlite discovery on Tahera’s (TAH-T) Rockinghorse property in Nunavut. It is the third such discovery since the current exploration campaign began.The…
AK claims yield more diamonds (October 01, 2001)
A total of 1,665 carats of diamonds have been recovered from sample concentrates from the Hearne and 5034 kimberlite pipes on the AK claims in the Northwest Territories.Drilling by De Beers Canada, a …
Metal Prices (October 01, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 25Sept. 24Sept. 21Sept. 20Sept. 19…
Rex drills targets in Mauritania (October 01, 2001)
Rex Diamond Mining’s (RXD-T) drilling campaign at its Karet South permit in north-central Mauritania has turned up more evidence of nickel, gold and platinum-group-metal mineralization.The drilling wa…
Klipspringer produces early
Diamond production has begun on the newly commissioned no. 4 level at SouthernEra Resources’ (SUF-T) Klipspringer diamond mine in South Africa, some six months ahead of schedule.SouthernEra now estima…