NZ ships more coal
The outlook for New Zealand coal exports is bright.Solid Energy, a Christchurch-based coal company, expects to set a record for the fiscal year ending June 30, 2002, with forward orders projected to i…
2002
Alcoa posts first quarterly loss in eight years
Alcoa was the first out of the blocks among the majors in 2002 with its quarterly financials, and the results were less than stellar.Suffering a special after tax-charge of US$241 million (US28 per s…
Northern Miner Indices (January 14, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningFN-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mining…
Aurora finances work in Ontario
Aurora Platinum (ARP-V) has topped its treasury with a $1-million brokered financing by Haywood Securities.The Vancouver-based junior is exploring for nickel-copper-platinum group metal deposits in On…
What’s in store for the US dollar and gold?
In a short essay titled Making sense of the gold price, Paul van Eeden of Rick Rule’s San Diego-based Global Resource Investments makes a compelling case for buying gold to protect against a weakening…
Carlson Mines delisted, now a shell
I am looking for information on Carlson Mines. Does this company still exist? Can you share with me the latest information pertaining to it?Richard Spooner, OttawaCarlson Mines, originally incorporate…
Mixed opening for 2002
Base metals enjoyed a mixed opening to the new year (report period Jan. 2-4). Two of the less-fashionable metals, lead and zinc, saw sizable mid-week rallies and closed strongly on Jan. 4. In contrast…
Placer joins Minefinders in Argentina
Placer Dome (PDG-T) has agreed to earn up to a 70% interest in Minefinders’ (MFL-T) 35-sq.-km El Malacate project, part of the larger Northern Sonora property in Mexico.Placer can earn a 51% stake by …
Harmony makes cash offer for Hill 50
With the Normandy, Newmont and AngloGold takeover saga commanding the market’s attention, South Africa’s Harmony Gold Mining (HGMCY-Q) is taking a run at Australia’s Hill 50 Gold, which last year prod…
Underground plan extends life of Argyle diamond mine
Despite the distinction of being the largest producer of diamonds by volume, churning out around one-quarter of the world’s supply, the Argyle mine accounts for an estimated market share of only 6% by…
Eur. Goldfields raises funds
European Goldfields (EGU-V) has completed a non-brokered private placement of 1.5 million shares priced at $3.10 apiece.The company intends to use the $4.6 million in gross proceeds to fund exploratio…
The Northern Miner — Small Producers Index (January 14, 2002)
50.70 (+ 1.47)(Sept. 30/98 = 100)…