News


An aerial view of the Diavik mining complex on Lac de Gras, about 300 km north of Yellowknife, N.W.T.

Diavik mine exceeds expectations

The Diavik diamond mine in Canada’s Far North completed its first ramp-up year of operations in 2003, producing more than 3.8 million carats of rough diamonds at an operating cash cost of US$31 per carat.



Cheviot mine gets go-ahead

After a long wrangle over permitting, Fording Canadian Coal Trust (FDG.UN-T) and partner Teck Cominco (TEK-T) have decided to put the Cheviot coal project, near Hinton, Alta., into production.




Banks renew Washington agreement

European central banks announced earlier this month that they would continue to limit the sale of their gold, while increasing the limit slightly.


Chinese metal demand accelerates

Yet again defying consensus predictions of a slowdown, metals demand appears to have accelerated in the first two months of 2004.


Funding for the responsible

What is true of the World Bank is also true generally of mining companies, and increasingly of the banks that finance the industry. Expectations about what mining companies must deliver have grown hugely. At a time of increasing competitiveness (d…




Taseko to restart Gibraltar

In return for 8 million shares valued at $22.2 million, Taseko Mines (TKO-V) will acquire all the issued and outstanding units of the Gibraltar Reclamation Trust Limited Partnership (GRTLP).


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