El Sauzal proves bankable
Vancouver — With the US$121-million takeover of Francisco Gold (FGX-V) under way, Reno-based Glamis Gold (GLG-T) is wasting no time advancing the El Sauzal property in Mexico.In mid-June, Francisco s…
News
EuroZinc gets
Vancouver — EuroZinc Mining (EZM-V) has inked a deal with Portuguese government-owned Exmin to acquire its 25% interest in the Malhadinha exploration concession. As a result, the Vancouver-listed jun…
Hope for Voisey’s Bay
The end of the soap opera over development of the Voisey’s Bay nickel deposit in Labrador is as welcome as it is overdue.The long deadlock between project owner Inco and the government of Newfoundland…
Bill should encourage investment
It’s hoped that the Mineral and Petroleum Resources Development Bill, under review in parliamentary committee hearings in South Africa, will be amended so that investment, jobs and empowerment prospec…
Horne employees walk out
Unionized employees at Noranda’s Horne copper smelter in Rouyn-Noranda, Que., walked off the job in mid-June.In late May, the smelter’s 510 employees voted in favour of a strike. The previous collecti…
Producer and Dealer Prices (June 24, 2002)
Antimony: Mid-mkt US$1,360/t.Bismuth: Mid-mkt US$3.10/lb.Cadmium: Mid-mkt US$0.25/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.25-7.90/lb.Copper: Comex July US$0.7600/lb.Indium: Ind…
Daily Metal Prices (June 24, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJune 18June 17June 14June 13June 12Aluminium1344.50…
Cyanide spill at Denton-Rawhide
Vancouver — The failure of a weld on a pipeline caused 40,000 gallons of dilute cyanide process solution to be spilled at the Denton-Rawhide gold mine in Nevada.The ruptured pipe was carrying process…
Queensland hosts exhibition
The Queensland Mining & Engineering Exhibition will be held July 23-25 in Mackay, an Australian port town in the Bowen Basin.Participants who pre-register will receive a report listing the companies t…
Alcan ups output at Kitimat
Beginning in August, Alcan will boost annual production at its Kitimat aluminum smelter in northern British Columbia by 60,000 tonnes, to 240,000 tonnes.The move is possible because of higher water le…
BPR-Bechtel to have HQ in Montreal
U.S. engineering giant Bechtel Group will form a joint venture with Quebec-based BPR and relocate its North American mining and metals headquarters to Montreal from Denver.The new company, BPR-Bechtel…
Canyon wins enviro kudos
Denver-based Canyon Resources has been recognized for its environmental work at the Briggs gold mine in southeastern California.In a letter addressed to the company, the state director of the bureau o…