Copper exploration heats up in BC
Vancouver — Reminiscent of the 1970s, copper exploration has once again taken centre-stage in the hunt for metals in British Columbia.Sparking the revival are higher prices and a new discovery made b…
News
The Northern Miner Indices (November 24, 2003)
North American Mining: 101.26 (+4.54)Small Producers: 99.83 (+10.03)(Sept. 30/98 = 100)…
Discoveries lure Placer Dome, Meridian Gold to Newfoundland
St. John’s, Nfld. — With little fanfare, Barrick Gold (ABX-T) walked away from the much-hyped Botwood Basin in Newfoundland earlier this summer after spending some 15 months assessing the potential f…
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…
Mustang expands Bannockburn showing (November 24, 2003)
Continued chip and grab sampling by Mustang Minerals (MUM-V) have returned more high-grade nickel values from the Bannockburn property, about 100 km southeast of Timmins, Ont.Samples from massive and …
Chrtien’s departure comes not a day too soon The long, long goodbye
Gentlemen, those are my principles. And if you don’t like them, I have others. — Barney Barnato, famed magnate of the South African rand, to a meeting of shareholders.Even if they were assorted and a…
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…
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…