No ‘blanket ban’ in Montana
As a reader of The Northern Miner for more than 20 years, I am aware that you strive for accurate reporting. However, your article on Profile Resources’ Waseka Mill (T.N.M., June 9-15/03) contains an …
2003
Amerigo closes Chilean copper deal
Vancouver-based junior Amerigo Resources (ARG-V) has acquired Chilean copper producer Minera Valle Central (MVC) for US$20 million.Amerigo paid US$16.6 million on closing; the balance is due in 3-5 ye…
Lassonde to head Quebec conference
Pierre Lassonde, president of Newmont Mining and arguably the most successful Quebec native in the gold industry, will be the honourary president of the inaugural Quebec Exploration 2003 conference, t…
Daily Metal Prices (July 28, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJuly 22July 21July 18July 17July 16Al Alloy1352/136…
Canadian Stock Exchange Indices (July 28, 2003)
DateJuly 22July 21July 18July 17July 16HighLowTSX Composite7185.18…
Rio Tinto, BP unload Kaltim
The biggest deal of the period was the proposed sale by Rio Tinto and BP of their 50-50 Indonesian joint venture, PT Kaltim Prima Coal, to Jakarta-listed Bumi Resources for US$500 million in cash and …
Suppliers Roundup (July 28, 2003)
Aussie miner buys concentratorGiants Reef Mining, based in Western Australia, has purchased a Knelson concentrator built by Australian engineering firm ConSep, under licence by Langley, B.C.-based Kne…
Noranda faces pension suit
A class action suit against Toronto-based Noranda will proceed after a Quebec Superior Court authorized legal action in a disagreement over interpretations of the company’s pension plan.Montreal law f…
Buying trend buoys junior exchange
Vancouver — Canada’s junior exchange rallied near the end of the week ended July 22, with investors buying select diamond and gold-related stocks. The S&P-TSX Venture Exchange composite index gained …
Trading Summary (July 25, 2003)
The Toronto Stock Exchange finished the week marginally higher on Friday; the TSX Composite index rising 11.18 poin…
Cambior pulls gold mineralization at Westwood
Drilling by Cambior (CBJ-T) at its Westwood property in northwestern Quebec has intersected gold mineralization at…
Stillwater sinks deep into the red
Vancouver Some US$15.8 million in acquisition charges drove Stillwater Mining (SWC-N) deep into the red during th…