Dumont nixes work at Attawapiskat
Dumont Nickel (DNI-V) has suspended exploration drilling on its 235-sq.-km land package in the Attawapiskat region of northern Ontario after failing to encounter any kimberlite in the first two target…
News
Diamond Fields posts earnings (June 17, 2002)
During the quarter ended March 31, Diamond Fields International (DFI-T) reported net income for the first time.The company earned $69,912 for the 3-month period, compared with a net loss of $1.1 milli…
Manitoba kimberlites prove elusive
Vancouver — A 1999 report by the Manitoba Geological Survey which showed that the province is geologically prospective for hosting diamond occurrences sparked a staking rush in the Superior craton. H…
Mineral output climbs
The value of production for the Canadian mineral industry, excluding oil and gas but including coal, increased to $19.84 billion in 2000, up $1.13 billion, or 6.7%, from 1999.Metal mining accounted fo…
Diagem merges with EAG
Shareholders of Diagem International Resource (DGM-V) and Emerging Africa Gold (YEG-V) have agreed to merge the companies, creating a stronger, junior explorer focused on diamonds.Shareholders of Emer…
Black Swan explores Brazil
The first phase of drilling is under way on claims held by Black Swan Resources (BSW-T) along the Santo Antonio do Bonito River in Brazil. The drilling, in conjunction with a program of geophysical su…
Twin heads back to Jackson Inlet
Twin Mining (TWG-T) has approved a $1.7-million first phase of exploration for the Jackson Inlet diamond property in Nunavut.The program will include ground magnetometer surveying, soil sampling, grav…
Partners recover gems from K5 kimberlite
Drilling has yielded diamonds from the K5 kimberlite body at the Aredor concession in Guinea, reports Trivalence Mining (TMI-T).In December, partner Rio Tinto (RTP-N) drilled three reverse-circulation…
Sudbury Contact, JML hunt in Timiskaming
Ongoing geophysical surveys mark the return of Sudbury Contact Mines (SUD-T) to its Timiskaming diamond exploration project, an effort it suspended in 1996.Sudbury Contact is doing about 4,500 km of h…
Northern Miner Indices (June 17, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)BarrickABX-T21.9%CamecoCCO-T3.6%FalconbridgeFL-T4.7%Freeport BFCX.B-N5.7%GoldcorpG-T3.2%IncoN-T7.9%Meridian GoldMNG-T2.5%Newmont Minin…
Daily Metal Prices (June 17, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJune 11June 10June 7June 6June 5Aluminium1372/1394…
Voisey’s deal, 3-way merger highlight trading
The report period ended June 11 was a blockbuster, with two major corporate developments taking place in the Canadian mining sector.In the first, after almost six years of haggling and weeks of substa…