Fire shuts down Morenci
A fire at one of four solvent-extraction plants at Phelps Dodge’s Morenci copper mine in Arizona curtailed production for four days during the report period ended Oct. 21. The fire severely damaged fo…
News
Codelco under fire
State-owned Corporacion Nacional del Cobre de Chile (Codelco) has filed a document with the Third Criminal Court of Santiago that rejects allegations of a corrupt bidding process for recent mining-rel…
Imperial Metals expands Northeast zone (October 27, 2003)
Vancouver — The latest drill results have expanded the newly discovered Northeast zone on the past-producing Mount Polley copper-gold property, 56 km northeast of Williams Lake, B.C.So far, Imperial …
Harmony Gold cuts Russian ties
Facing pressure from South Africa’s Reserve Bank to consolidate ownership or cut bait with respect to overseas projects, Harmony Gold (HMY-N) has divested itself of its Russian holdings in two separat…
Underground mining resumes at Springlake
AfriOre (AFO-T) has resumed underground production at the Springlake anthracite mine, north of Dundee in the South African province of KwaZulu-Natal, after recovering the remains of a load-haul-dump m…
Builders and monuments
Two deaths in the months just past show that the Canadian mining industry is gradually passing out of the hands of a generation that made it great.In losing Douglas Hume and James Harquail, two well-k…
Accounting principles out of sync
The rationalization of the international gold mining industry is one of the most profound examples of globalization. The quest of the major players in this industry to reduce production costs, attract…
Wanted: flow-through extension
Securities reform and the federal “super” flow-through share program were at the top of the agenda of the Prospectors & Developers Association of Canada, when it submitted its brief at the recent mine…
People (October 27, 2003)
Alcan — Christine Morin-Postel appointed director;Alcoa — John Pizzey, VP and group president of primary products, will retire in early 2004; Pizzey will be succeeded by Bernt Reitan.APAC…
Gold rallies as Barrick breaks the mold
Gold roared back to life in the Oct. 15-21 report period, rising US$4 to a London morning fix of US$374.80 per oz. Silver also shone, rising US6 over the five trading days to finish at US$5 per oz.Ba…
Noranda makes cuts at Horne smelter
Determined to cut operating costs by up to $30 million, Noranda (NRD-T) is slashing production at its struggling Horne copper smelter in Rouyn-Noranda, Que.Under the plan, total feed volume to the sme…
Placer Dome tops up till
Vancouver — Looking to refinance costs associated with the recent acquisition of East African Gold Mines, Placer Dome (PDG-T) has added US$530 million to its till.The major issued US$300 million of u…