News


Correction (November 24, 2003)

In our Oct. 17 issue, we incorrectly stated that Canico Resource (CNI-T) would carry out matte smelting at its Ona-Puma nickel-laterite project in Brazil.Canico is considering both ferronickel and ma…




Risk and risk management

It is obvious that if you want to make returns (that is, to create value for your shareholders), you have to accept risk. In Rio Tinto, we say that the key to valuation is understanding risk and ensur…


Feds to spend $10m to boost Arctic mining

The federal government will spend an additional $10 million over two years on geological maps and surveys in Canada’s north in an effort to stimulate exploration and development.The funding is part of…


South Africa takes action on mine safety

The government of South Africa has stopped black-owned company New Diamond Corp. (NDC) from mining and prospecting at Schmidtsdrift, an alluvial diamond mine in the Northern Cape.The Department of Min…


Geophysical surveying at the Blue Ice project on Victoria Island.

Blue Ice proves puzzling

After a summer’s drilling on the High Arctic Blue Ice project at Victoria Island, there appear to be more questions than answers for Diamonds North Resources (DDN-V).Both the Carina and newly discover…


People (November 24, 2003)

Alliance Resource — Brian Cantrell appointed VP and CFO.Desert Sun — Peter Tagliamonti appointed VP and COO.European Goldfields — Eduardo Baer appointed president and executive directo…


Fortune expands zone at Nico (November 24, 2003)

A 13-hole drilling program by Fortune Minerals (FT-T) at the Nico polymetallic deposit in the western Northwest Territories has expanded the known mineralization in the deposit’s West Pit area.The new…



Rimfire hits mineralized breccia at Thorn

Vancouver — Systematic exploration over the Thorn property by partners Rimfire Minerals (RFM-V) and Cangold (CLD-V) has resulted in the discovery of a polymetallic heterolithic breccia some 130 km so…


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