El Callao district abuzz with activity
El Callao, Venezuela — It’s a story that would make a Goldcorp shareholder nod and smile in recognition: workers at a tired, high-cost underground gold mine in a historic gold camp drill into a new z…
News
Noranda cuts dividend
Burdened with some $4.1 billion in net debt, Noranda (NRD-T) is slashing its traditionally juicy dividend by 40%.The decision, which entails reducing the quarterly payment to 12 from 20 per share, i…
Editorial Cartoon (August 04, 2003)
The Northern Miner Indices (August 04, 2003)
North American Mining: 80.68 (+2.99)Small Producers: 81.39 (+6.62)(Sept. 30/98 = 100)…
Boliden shutters plant
Boliden’s closure of a brass plant in West Bromwich, England, has resulted in the loss of 140 jobs.The Swedish miner closed the plant in order to consolidate production at its site in Aldridge, north …
Metals Commentary: Demand for refined nickel grows in China
(The following excerpt from The Commodity Refiner, a monthly publication of Barclays Capital Research, provides an overview of current nickel and zinc markets.)There are reasons to argue that nickel p…
Barrick geologist killed in Peru
Jorge Injoque, a geologist working for Barrick Misquichilca, the Peruvian subsidiary of Barrick Gold (ABX-T), has been killed after five men wearing masks attacked a Barrick exploration camp in the An…
Kisladag fine-tuned (August 04, 2003)
An optimization study calling for an accelerated expansion of the proposed Kisladag gold mine in Turkey provides a better return on capital, reports Eldorado Gold (ELD-T).The study, prepared by Hatch …
New junior market begins trading
Trading has started on the Canadian Trading and Quotation System (CNQ), a new electronic market for unlisted stocks. The trading began July 25 with nine dealer members on the market.The CNQ is providi…
Harmony ties knot with African Rainbow
South Africa’s Competition Commission has approved the proposed merger of Harmony Gold (HMY-N) and black empowerment company African Rainbow Minerals Gold.The decision paves the way for the creation o…
Claire Derome packs it in (August 04, 2003)
Claire Derome, the highest-level female mining executive in North America, is stepping down as president and CEO of Quebec gold producer McWatters Mining.Derome will carry on her duties until her succ…
Tax breaks give Canada edge
(Note: Dryblower is an Australian-based syndicated column appearing in Australia’s Mining Monthly and on the web site MiningNews.net)How do you know if there’s a boom happening? Obviously you can list…