Diamond targets in NE Ontario
Stream-sediment sampling by the Ontario Geological Survey in the Mattawa-Cobalt corridor has identified significant kimberlite indicator minerals at several sites. The area is believed to host kimberl…
News
Feds fund asbestos think tank
The federal government will provide $500,000 over two years to the Montreal-based Asbestos Institute, a non-profit organization that promotes the safe use of chrysotile asbestos.Natural Resources Cana…
Spot Prices Wed. July 24, 2002 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$313.60-$4.15Silver$ 4.86-$0.14Platinum$520.00-$…
Pit failure to cost Cameco 200,000 oz. (July 29, 2002)
A pit-wall failure that killed a miner at the Kumtor gold mine in Kyrgyzstan will reduce this year’s production by 200,000 oz., says part-owner Cameco (CCO-T).The rock slide, which happened in early J…
Plunging power profits hit Teck
Vancouver — Artificially high power prices brought on by an energy shortage in the U.S. battered the bottom line of Teck Cominco (TEK-T) in the second quarter.The world’s largest zinc miner earned $8…
Mining faces challenges
Mining faces some of the most difficult challenges of any industry and is distrusted by many, according to a report by the London-based International Institute for Environment and Development (IIED).T…
Global market shock hits TSE
The report period July 17-23 saw further steep declines on stock markets worldwide, and the Toronto Stock Exchange was no exception. The TSX Composite index lost 534.58 points, or about 8% of value, a…
Cambior still losing money (July 29, 2002)
Weighed down by falling gold production, gold miner Cambior (CBJ-T) turned in another quarterly loss.The company posted a net loss of US$3.1 million (or US2 per share) on revenue of US$48.7 million d…
Miramar hits targets
Vancouver — Despite the temporary suspension of the Con autoclave, Miramar Mining (MAE-T) expects to exceed 2002 production forecasts at its operations at Yellowknife, N.W.T.The recent second quarter…
Northern Miner Indices (July 29, 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…
Andean American expands in Peru (July 29, 2002)
Vancouver — Andean American Mining (AAG-V) reports that exploration is in full swing at its recently expanded Santa Rosa property in southern Peru.An L-shaped trench was recently dug 650 metres north…
Placer high on Howards Pass
Exploration is planned for the high-grade Central zone on the Howards Pass lead-zinc prospect of Canex Placer, a wholly owned subsidiary of Placer Development, on the border of the Yukon and Northwest…