MOST ACTIVE ISSUES, FEB. 20-26
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News
Kennecott provides metals for medals
The mining community shared in the glory at the 2002 Winter Olympic Games in Salt Lake City, Utah, last month. That’s because the medals distributed were made of metals from the Kennecott Utah Copper …
Angola’s legacy of unrest
“The first man to be killed in Portuguese Africa nearly fell into my beer today . . .” Thus wrote foreign correspondent Donald Wise from Luanda in the early 1970s. The event — a dissident thrown out …
Pan American Silver eyes Manantial Espejo (March 04, 2002)
Vancouver — The proposed Manantial Espejo silver-gold mine in Argentina has moved a step closer to reality following a deal that allows Pan American Silver (PAA-T) to earn a 50% interest.In August 20…
Sultan secures more ground near Kena
Vancouver — With a 1,500-metre drill program ready to go on its Gold Mountain zone, Sultan Minerals (SUL-V) continues to consolidate ground around the Kena property, near Ymir in southeastern British…
Hope on the horizon
At the annual meeting of the Mining Association of Canada, retiring president Alfred Powis, head of Noranda Mines, reviewed the obstacles and difficulties that have beset the industry in recent years….
Agnico-Eagle posts mixed results for ’01
As a result of the first full year of production at the expanded LaRonde mine in Rouyn-Noranda, Que., Agnico-Eagle Mines (AGE-T) enjoyed solid operating results in 2001. However, the higher output did…
Inmet inks Antamina put-call deal (March 04, 2002)
Inmet Mining (IMN-T) has signed an agreement with Noranda (NRD-T) whereby either company can initiate the sale of Inmet’s 3.3% net proceeds interest in the Antamina zinc-copper mine in Peru.Inmet’s pu…
Diamond hunt ignites Nunavut
The year 2001 presented some ups and downs for Nunavut’s mining industry, the most prominent being mine-closure announcements and a possible diamond rush.Last year, the Lupin gold mine, in the Northwe…
Mine in Uruguay helps Crystallex to record output
During 2001, Crystallex International (KRY-T) enjoyed its best year of gold production since beginning mining operations in 1995.From its mines in Uruguay and Venezuela, the company produced 109,000 o…
Operating costs take toll on Novicourt
Noranda’s (NRD-T) 62%-owned base metal subsidiary, Novicourt (NOV-T), turned in a subdued performance during the last three months of 2001.The junior producer posted net earnings of $600,000 (or 2 pe…
Province, feds disagree on Port Colborne risks
Health Canada and Ontario’s Ministry of the Environment are at odds over hazards faced by residents living in Port Colborne, Ont., near an old Inco refinery.Health Canada says the province may be unde…