Yatela props up Iamgold
Thanks to newfound production from the Yatela mine in western Mali, Iamgold (IMG-T) set a production record in 2001.The company, which owns 40% of Yatela and 38% of its bigger sister, Sadiola, produce…
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Glamis’ growth hinges on San Martin, Marigold mines
Debt-free and totally unhedged, Glamis Gold (GLG-T) returned to profitability in 2001, as demonstrated by a 140% appreciation of its share price on the Toronto Stock Exchange, better than any other No…
Pannell replaces Hushovd at Falconbridge (March 04, 2002)
After five years at the helm of Falconbridge (FL-T), Oyvind Hushovd has been replaced by Derek Pannell, who is also president of Noranda (NRD-T).Hushovd’s sudden replacement ends a 27-year career that…
Gencor faces R1-billion suit
Johannesburg-listed Gencor, is facing more than R1 billion in claims from people with asbestos-related illnesses.Lawyers are preparing 3,500 claims totalling R1 billion in compensation from Gencor, wh…
Waterloo drilling yields high-grade nickel
Follow-up drilling by LionOre Mining International (LIM-T) has cut more high-grade nickel mineralization at the newly discovered Waterloo zone on the Wildara property in Western Australia.Diamond dril…
Tantalum use slated to rise
Global demand for tantalum has increased strongly since the mid-1990s, exhibiting annual growth of 24% to reach a peak of more than 2,600 tonnes Ta2O5 in 2001, according to a report by London-based Ro…
Inco gets new CFO
Inco (N-T) has appointed Farokh S. Hakimi as executive vice-president and chief financial officer.Hakimi replaces George Halatsis, who resigned from both positions in order to work for another firm.Ha…
Advancing investment demand spurred ’01 gold price
Although gold consumption slid 2% in comparison with the previous year, the yellow metal went out on a high note in 2001, largely propelled by significant increases in investment demand, says the rece…
Rubicon adds $3m to coffers
Vancouver — Rubicon Minerals (RMX-V) has raised $3 million through a brokered private placement and will use a portion of the funds to explore its Red Lake properties in northern Ontario.The financin…
General Minerals extends Atocha mineralization (March 04, 2002)
Surface channel sampling by General Minerals (GNM-T) along strike from the A10 test mine site at the high-grade Atocha silver project in central Bolivia has extended mineralization over a strike lengt…
Diamondex budgets $2.5m for exploration
Diamondex Resources (DSP-V) has added to its holdings in the Coronation Gulf district in Nunavut by staking 202 sq. km in an area southwest of the Anuri kimberlite discoveriesThe company will spend $6…
Candente ups interests in Peru (March 04, 2002)
Vancouver — Candente Resource (DNT-V) has acquired the remaining 50% interest it does not already own in three Peruvian gold projects: Lunahuana, El Tigre and Las Sorpresas.The Joanne Freeze-led juni…