Seahorse douses GGL’s hopes
The discovery of multiple kimberlites by GGL Diamond (GGL-V) on its Seahorse property in the Lac de Gras area of the Northwest Territories has proved barren of diamonds.A cluster of three irregular in…
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Fording adds cash to fight hostile Sherritt bid
Bolstering its defence against a $1.6-billion takeover bid by the Sherritt Coal Partnership II, Fording (FDG-T) has announced plans to offer shareholders a $3-per-share cash bonus as part of its propo…
Grasberg delivers the goods in third quarter
Freeport-McMoRan Copper & Gold (FCX-N) is bouncing back from a disappointing first half, thanks to strong operating performance at the massive Grasberg copper-gold mine in Indonesia.The improvement re…
Canadian Royalties tags hot holes at Expo-Ungava
Vancouver — Drill results reported by Canadian Royalties (CZZ-V) continue to indicate the economic potential of the Expo-Ungava nickel-copper-platinum-palladium project in northern Quebec.”We’re exci…
Kennecott ups diamond search at Rockinghorse
While Tahera (TAH-T) awaits details of next year’s budget for the Rockinghorse project in the Coronation Gulf diamond district of Nunavut, its joint-venture partner, Kennecott Canada Exploration, is c…
Diavik helps skills program
Diavik Diamond Mines has donated $10,000 to the Northwest Territories and Nunavut chapter of Skills Canada in an effort to help fund programs providing courses in trades and technology.Skills Canada r…
Platinum in high demand
Demand for platinum is forecast to climb by 2.9% to 6.4 million oz. in 2002, according to an interim review of platinum-group-metal markets published by London-based Johnson Matthey.Chinese purchases …
Edgar Pye
Edgar Pye, who formed the Ontario Geological Survey in 1972, has died.A geology graduate of the University of Toronto, Pye began his career in 1948, mapping iron formations in Ashmore and Errington tw…
Eastmain sees deep zones at Clearwater
Initial results from an 18-hole drill program at the Clearwater project in the James Bay region of Quebec have traced shallow gold mineralization to a vertical depth of 500 metres, a result that has t…
Damang gives Repadre earnings boost
With a share in production from the Damang gold mine in Ghana now part of its portfolio, Repadre Capital (RPD-T) has posted earnings of $4.1 million (or 10 per share) on revenue of $5.9 million in th…
Silver Standard sets sights on Maverick Springs
Vancouver — Silver Standard Resources (SSO-V) is looking to form a joint-venture deal with Colorado-based Vista Gold (VGZ-T) to acquire all the silver resources hosted in the Maverick Springs gold-si…
Atlas Copco combines divisions
Atlas Copco will fold its drill rig and loader/truck businesses into one division by transferring production of the latter from Portland, Ore., to its Rock Excavation Technology Center in Sweden.The t…