Like most companies, those engaged in mining are in the business of making money, and as much as possible. It’s no surprise then that alarm bells sound when new royalties have to be paid. The bells are currently ringing in Peru and Chile.
Canada’s first two diamond mines, Ekati and Diavik, are among the best in the world. In just six years, these exceptional mines have propelled Canada into third place in the world by value of rough diamond production.
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Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 3 (change from July 27 in brackets):…
Vancouver — Drilling at
Owing to a labour dispute, Alcoa will eliminate 400 jobs by not reopening a 183,000-tonne-per-year aluminum smelter in Wenatchee, Wash. The plant was idled in July 2001.
The U.S. Bureau of Land Management (BLM), part of the Department of the Interior, is receiving bids from eligible companies to mine about 325 million tons of coal on federal land in Wyoming.
The world’s third-largest nickel producer, Australia’s
Vancouver — Mini-bulk sampling at
Drilling at the High Lake West Zone base metal deposit in Nunavut have intersected wide intervals of massive sulphide mineralization.
Vancouver —
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)…
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