Southern Peru sale put on hold
A planned transfer of the majority stake in copper miner Southern Peru Copper (PCU-N) from Asarco to parent company Grupo Mexico is on hold following an injunction obtained by the U.S. Department of J…
News
Boliden profitable in first half
Sticks and stones may break its bones, but Boliden (BLS-T) is in the black for the quarter.Shortly after a European Union vice-president called it a “slut,” the Swedish base metals producer has posted…
T.N.M. welcomes letters (August 26, 2002)
The Northern Miner welcomes letters to the editor on any article appearing in the paper or on any aspect of the mining industry. We reserve the right to edit letters for length or readability. Letters…
Southern discomfort
The news from the Latin nations of South America in recent months has not been comforting.The International Monetary Fund (IMF) recently lent Brazil US$30 billion to meet immediate debt repayments. Fa…
Gold makes comeback
Only a few weeks ago, gold dropped to its lowest level in 36 months after an unprecedented 2.5-year-long slide from its 1980 record high of US$850 per oz. However, the yellow metal has now soared back…
US copper consumption dips in 2001
For the first time in five years, domestic consumption of copper and copper alloy mill products did not reach a record high.The 2001 level of domestic use totalled 8.2 billion lbs., a 15.5% decrease f…
Higher premiums almost close coal mine
More than 100 jobs at a U.K. coal mine have been saved following a last-minute deal to secure insurance coverage.More than 80 workers out of a total of 110 at the Betws coal mine, in Ammmanford, Carma…
Carnage continues in China
Rescue teams in China have recovered the bodies of 10 workers killed in a gas explosion at a coal mine in the northeastern province of Heilongjiang.Officials at the mine, near the city of Jixi in nort…
Economics papers receive awards
The Houghton, Mich.-based Mineral Economics and Management Society has presented two awards for papers written by graduate students on the topic of mineral economics.First prize of US$1,000 was presen…
PEOPLE (August 26, 2002)
Emgold — William Witte appointed president and CEO.Falconbridge — Michael Doolan appointed VP and CFO.Golden Phoenix — Ronald Parratt appointed director.Jilbey Enterprises…
Slave battle heads to courts
A dispute between joint-venture partners Ashton Mining of Canada (ACA-T) and Pure Gold Minerals (PUG-T) over the Slave Regional project is headed for the courts.Ashton filed a statement of defence and…
Drills turn at Poste Lemoyne (August 26, 2002)
Equal partners Virginia Gold Mines (VIA-T) and TWG Corp. (GWC-V) have begun a 19-hole drilling campaign on their Poste Lemoyne gold project in the James Bay area of northwestern Quebec.The program is …