Falconbridge ratifies new deal in Sudbury
Falconbridge (FL-T) has avoided another strike at its nickel operations in Sudbury, Ont., by signing 220 unionized office, clerical and technical employees to a 3-year labour pact just hours before th…
News
Trans Am drills for gold
A bitterly cold winter has slowed, but not stopped, plans by Trans America Industries (TSA-V) to drill targets in the Lynn Lake gold camp of Manitoba.The Vancouver-based junior holds 26 contiguous cla…
Candente aims drills at Peruvian targets
Vancouver — Candente Resource (DNT-V) is preparing to drill its Alto Dorado and Canariaco properties in northern Peru.At Alto Dorado, the company intends to complete at least 2,000 metres in the firs…
Noranda takes another kick at the can in Bathurst
With a little encouragement from a province anxious to secure its mining future, Noranda (NRD-T) has sent an exploration team back to northern New Brunswick to investigate the 50-year-old Bathurst bas…
Producer and Dealer Prices (March 08, 2004)
Antimony: Mid-mkt US$2,700/t.Bismuth: Mid-mkt US$3.15/lb.Cadmium: Mid-mkt US$0.55/lb.Cobalt: Recent trades US$24-28/lb.Copper: Comex Mar. US$1.376/lb.Indium: Indium Corp., ingot, US$375/kg.Iridium: Mi…
Metallica breaks ground at Cerro San Pedro in Mexico
Projected costs at the Cerro San Pedro heap-leach gold-silver project in central Mexico are expected to fall following the elimination of Glamis Gold’s (GLG-T) net smelter return royalty.Project owner…
Alcoa sheds its chemicals division
Aluminum giant Alcoa closed the period ended March 2 up US45 to US$37.71 after its 60%-owned subsidiary Alcoa World Alumina & Chemicals completed the sale of Alcoa Specialty Chemicals to two private …
Resource stocks fuel junior exchange
Vancouver — Canada’s junior exchange finished the report period ended March 2 on a bullish note as resource shares fueled a late rally. The S&P-TSX Venture Exchange composite index closed at 1899.09,…
Southern Rio cuts gold at 3Ts project (March 08, 2004)
Vancouver — Southern Rio Resources (SNZ-V) has tabled encouraging assay results following exploration drilling on the 3Ts project in central British Columbia.The program tested several targets on the…
US metal output slips
Many indicators reflect a rebounding U.S. economy: rising consumer confidence, higher retail sales, greater industrial production, and more new home starts. Yet production from metal and industrial mi…
Fernando Bearzi
Fernando Bearzi, known as the logistical expert in Argentina, has died of complications following surgery there.In the 1990s, Bearzi provided logistical support for miners working in the country via h…
Suppliers Roundup (March 08, 2004)
ALS expands in South AfricaALS Chemex is preparing to open a new, full-service lab in Johannesburg.The lab will service the growing need for sample analysis in Africa and help ALS Chemex expand its pr…