NWT’s CanTung mine now in full swing
Only six months after the start of plant rehabilitation, North American Tungsten (NTC-V) has entered production at its wholly owned CanTung mine in the Northwest Territories, about 310 km northeast of…
News
GREATEST VALUE TRADED, FEB. 6-12
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N78489525.9023.2523.97-1.10…
Kaiser files for protection (February 18, 2002)
Faced with a heavy debt load, depressed metal prices and a broad economic slowdown, Houston-based Kaiser Aluminum (KLU-N) and its operating subsidiary, Kaiser Aluminum & Chemical, have filed for bankr…
Mining operations keep Inmet profitable
Buoyed by operating earnings from all three of its mines, Inmet Mining (IMN-T) closed the year with a net profit of $18.9 million (44 per share) on revenue of $106.8 million.The figure was a substant…
Extraordinary items
It was a scandal when, five years ago, some divisions of the American optical manufacturer Bausch & Lomb (the makers of Ray-Ban shades) were discovered to have been booking orders as revenue. Heads ro…
Prospecting in Wekusko, Part 2
In the fall of 1955, my prospecting partner, Einar Sanden, and I transported a diamond drill rig to the east shore of Crowduck Bay in northern Manitoba to explore a new lithium prospect. I had the tem…
Recovery in the air
During the Feb. 4-10 report period, we witnessed a serious test of nerves in metals markets.In the base metals sector, copper prices maintained a narrow range in the highest trading area since June 20…
Randera joins Chamber of Mines of South Africa
Dr. Mohamed Fazel Randera has been appointed health advisor for the Chamber of Mines of South Africa.Previously, Randera was inspector general of the country’s Intelligence Services and served as comm…
Canadian Stock Exchange Indices (February 18, 2002)
DateFeb. 12Feb. 11Feb. 8Feb. 7Feb. 6HighLowTSE 3007543.767604.517535.367843.437497.06…
Renewed interest in BC
British Columbia’s Liberal government demonstrated its commitment to mining by improving and harmonizing the 20% B.C. Exploration Tax Credit with the federal Exploration Investment Tax Credit. The pro…
Tanzanite-terrorism link questioned
Several parties involved in the tanzanite trade are attempting damage control after reports surfaced that the gemstone was being used to fund terrorist activity.The group representing major stakeholde…
Experiments could explain gold’s forms
Experiments at the University of Massachusetts in Amherst may help explain why gold is found in two forms: as a solid in deposits in the earth and in water solution, far from such deposits.The tests w…