Green light for Fazenda Nova
Following a positive feasibility study, Yamana Gold (YRI-T) has decided to put its Fazenda Nova project, in Brazil’s Goias state, into production.The planned operation, which comprises a group of smal…
News
The Northern Miner Indices (December 08, 2003)
North American Mining: 110.07 (+7.47)Small Producers: 111.93 (+11.95)(Sept. 30/98 = 100)…
Teck, EPA at loggerheads
Talks have broken off between enforcement staff of the U.S. Environmental Protection Agency (EPA) and Teck Cominco (TEK-T), after the EPA refused an offer from the company to fund environmental site e…
De Beers to bring Gahcho Kue to feasibility (December 08, 2003)
Budgets have been approved for a full feasibility study at the Gahcho Kue (Kennady Lake) diamond property in the Northwest Territories. The project is being operated by De Beers Consolidated Mining on…
The No-parking zone
Ontario prospectors are shortly to gather for an annual show-and-tell session in Toronto, making this week a convenient time to take a look at how that part of the mineral industry is faring.Certainly…
QGX tests Mongolian porphyry targets
Having estabished its exploration prowess at the Golden Hills property in Mongolia, QGX (QGX-V) is now active in an underexplored region in the country’s southeast.QGX, which recently attracted the at…
Breakwater clears hurdle
Agreements between Breakwater Resources (BWR-T) and its lenders will allow an 85.8-million-share issue to go ahead, providing the financially troubled base metal miner with a cash infusion of $30 mill…
Severin to address CIM
Paul Severin, vice-president of exploration for Toronto-based Noranda, will be the featured speaker at the next luncheon meeting of the Toronto branch of the Canadian Institute of Mining, Metallurgy a…
Funding scheme saves coal jobs in UK
More than 4,000 coal-mining jobs in the U.K. will be secured and 300 more jobs created as part of a 52-million investment package for 12 mines in England and South Wales.Twelve projects at mines in N…
SouthernEra advances Messina, raises C$77m (December 08, 2003)
Toronto-based SouthernEra Resources (SUF-T) is using a staged approach to develop its Messina platinum assets, 250 km northeast of Johannesburg on the eastern limb of South Africa’s Bushveld igneous c…
Gold index reaches new high
In late November, the Toronto Stock Exchange’s gold share index hit its highest level since the overhauled barometer was launched, driven by a gold price rose above US$400 for only the second time sin…
First Quantum profitable (December 08, 2003)
The third quarter of 2003 was a good one for First Quantum Minerals (FM-T), as its Bwana Mkubwa operation in the Zambian copper belt produced 8,862 tonnes copper at a cash cost of US$925 per tonne (US…