Alcoa smelter dead in Nfld
A plan to use the Lower Churchill River in Labrador to provide power for an aluminum smelter has been aborted.The project was to have been a joint venture between the provincial government and aluminu…
News
PEOPLE (August 19, 2002)
Aber Diamond — Thomas O’Neill appointed director.Coeur d’Alene — Kenneth Thompson appointed director.Dofasco — Walter Bilenki appointed VP finance; Joe Neri appointed president, powerl…
Aussies launch gold index
The Australian Gold Council and Sydney-based Macquarie Bank have launched the AGC/Macquarie Australian Gold Index, which replaces the Australian Stock Exchange (ASX) S&P Gold Index.The new index consi…
Teck joins Freewest at Lizar
Freewest Resources (FWR-T) has granted Teck Cominco (TEK-T) an option to earn up to a 65% stake in the Lizar gold project in the Kabinakagami greenstone belt, 330 km northeast of Thunder Bay, Ont.Teck…
Partners unfazed by Stares
Although the latest drill results from the Stares property, near Thunder Bay, Ont., proved disappointing, partners RJK Explorations (RJX.A-V) and GLR Resource (GRS-T) intend to drill it again.Nine hol…
Russian gold raises High River (August 19, 2002)
Near-record production from the 50%-owned New Britannia mine in Manitoba, combined with an increased stake in Russian gold miner Buryatzoloto, propelled High River Gold Mines (HRG-T) to a second-quart…
Aurizon posts loss on improved output
Despite higher gold production and realized prices for the yellow metal, Aurizon Mines (ARZ-T) incurred a loss of $1 million (or 2 per share) during the recent second quarter.By comparison, the compa…
Diamonds North finds more kimberlite on Victoria Island
Exploration drilling by Diamonds North Resources (DDN-V) at the Blue Ice property on Victoria Island in Nunavut intersected a new kimberlite target and tested the known Snow Bunting kimberlite before …
JML to test Marten River
JML Resources (JJJ-V) is preparing for a drill program at its diamond project in northern Ontario.Based on more than 1,800 till samples and the results of a helicopter-borne geophysical survey, JML in…
Northern Miner Indices (August 19, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T23.2%CamecoCCO-T3.2%FalconbridgeFL-T5.2%Freeport BFCX.B-N5.8%GoldcorpG-T4.2%IncoN-T9.2%Meridian GoldMNG-T2.8%Newmont MiningNE…
Exchange Rates (August 19, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAugust 13August 12August 9August 8August 7US$ in C$1.56581.57401.5723…
Knife fight heads to court
Unable to come to terms with the Canadian exploration division of De Beers over the signing of a joint-venture agreement concerning the Knife Lake project in Nunavut, Rhonda (RDM-V) has ended discussi…