Drop in prices points to economic double dip
Aug. 5-9 at a glance- Copper prices have failed to gain from any risks associated with fund short-covering and remain in the crucial support area of US$1,500 per tonne.- Aluminum has found good suppor…
News
The Northern Miner — North American Mining Index (August 19, 2002)
72.56 (+3.45)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (August 19, 2002)
73.71 (+2.34)(Sept. 30/98 = 100)…
De Beers confirms commitment to Canada
Although its roots are in South Africa, De Beers believes the emphasis given to Canadian diamond exploration is fully justified. Last year, Canada accounted for 40% of the US$73 million the company sp…
Inmet to drill Aussie base metal find
Since the announcement of its discovery in February, Inmet Mining (IMN-T) has been drill-testing the new high-grade base metal Jaguar deposit in the Northeastern Goldfields region of Western Australia…
WMC suffers headaches at Olympic Dam
WMC (WMC-N) has run into more operational difficulties at its massive Olympic Dam copper smelter in South Australia, and will suffer depressed earnings for the next 18 months as a result.The company h…
Sudbury: the need for feed
Large metal operations take on a life of their own in established mining camps. One result is that milling and smelting capacity create demand for near-term sources of ore.Certainly Sudbury has follow…
Past tough times weigh on Coeur (August 19, 2002)
Production, costs and prices were all headed in the right direction in the second quarter of 2002, but financial costs at Coeur d’Alene Mines (CDE-N) dealt the company a loss.For the three months ende…
O’Connell named to Nfld chamber
Gerald O’Connell, former district manager of eastern Canada for Teck Cominco, has been appointed executive director of the Newfoundland and Labrador Chamber of Mineral Resources. He replaces Robert Ke…
Asphalt and pork
A proposal that Prime Minister Jean Chrtien should show off his vision and make an indelible stamp on the country by launching a program to twin the main route of the Trans-Canada Highway, at a cost …
Act needs changes
I might be accused of being paranoid in stating that British Columbia’s Mines Act and Mineral Exploration Code discriminate against prospectors, but I have come to this conclusion through my own exper…
Province cleans up Kam Kotia
The government of Ontario has begun rehabilitating the defunct Kam Kotia base metals mine, near Timmins.The province spent $8 million to build a ditch to catch ground and surface water tainted by near…