Inco strike misguided
The Inco strike is a bad strike — bad for the workers, bad for the company, bad for the community and ultimately bad for the country.It’s hard to fathom why 72% of the 10,000 members of Local 6500 of…
News
Daily Metal Prices (May 27, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMay 21May 20May 17May 16May 15Aluminium1325/1346.50…
Placer, Kinross join forces in Timmins camp
One of Ontario’s oldest mining districts is getting ready for a facelift.Kinross Gold (K-T) and Placer Dome (PDG-T) have signed a letter of understanding to form a joint venture that would combine the…
Altius leads exploration play in central Newfoundland
The cry “There’s gold in them thar hills” may be a cliche, but it sums up the feeling in the Botwood Basin area of central Newfoundland, where a staking rush is under way. Most of it is gold-centred.T…
Spot Prices Wed. May 22, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$318.25+$10.75Silver$ 4.82+$0.22Platinum$541.00+…
LME Warehouse Levels (May 27, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 21 (change from May 14 in brackets):MetalStock(tonnes)ChangeAluminium1145650(+140…
Meridian eager to drill Machacala (May 27, 2002)
Meridian Gold (MNG-T) is gearing up for its first round of exploration drilling at the Machacala gold-silver property in Peru, held by Montreal-based junior Gold Hawk Resources (CGK-V).As operator, Me…
Pacific Rim sets sights on La Calera
Vancouver — Having completed their merger, Dayton Mining and Pacific Rim Mining are preparing for a 7,000-metre drill program on the El Dorado gold project in El Salvador.The combined entity, which r…
Kennecott undeterred at Rockinghorse (May 27, 2002)
Spring drilling by Kennecott Canada Exploration on 12 exploration targets at the Rockinghorse joint venture in Nunavut’s emerging Coronation Gulf district failed to intersect any new kimberlites. Howe…
Harmony resumes mining after day of violence
Two miners and a security guard have been injured in a violent outbreak at Harmony Gold Mining’s Kalgold mine in northeastern South Africa.Striking miners allegedly attacked the mine’s security person…
Less demand for gold
Consumer demand for gold in the first quarter was 749.5 tonnes, or 10%, lower than a year earlier, according to a survey conducted by the London-based World Gold Council.The quarter’s most striking fe…
BC legislation targets exploration sector
Several amendments to British Columbia’s Mines Act and Mineral Tenure Act have been introduced under Bill 54. The changes are designed to clarify land rights and make it easier for companies for explo…