Gold symposium set for Lima
Peru’s principal organization for the mining industry, the Sociedad Nacional de Mineria, Petroleo y Energia (SNMPE), will hold the fifth International Gold Symposium in Lima from May 14 to 17.The symp…
News
Japan closes last coal mine
After 82 years, the Taiheiyo coal mine in Kushiro, Japan, has shut its doors. The closure, and with it, the loss of about 1,000 jobs, is attributed to high production costs and cheap imports.Kushiro w…
Dynacor sampling confirms gold
Sampling of old workings by Dynacor Mines (DYN-V) has confirmed gold grades at the Tumipampa property in the Peruvian Andes.Of 45 vertical exploration shafts sampled in the last half of 2001, 14 carri…
NAME CHANGES (February 11, 2002)
Dejour Mines (DEJ-V) has changed its name to Dejour Enterprises (DJR-V) on a 1-new-for-15-old-share basis.Silverstone Resources (SVT-V) has changed its name to Sorel Ventures…
Falling Metal Prices sour Inco’s fourth-quarter earnings
Sliding prices for nickel and copper pulled Inco (N-T) into the red for the fourth quarter of 2001.The company reported a US$5-million loss (or US7 per fully diluted share), compared with a profit of…
Inco may write down Voisey’s: Research Capital
In a report titled Inco: High-Quality Assets in a Leading Company, analysts Barry Allan and Oscar Cabrera of Toronto-based brokerage house Research Capital put forward figures that suggest the nickel …
More drilling at Footwall
Vancouver — Junior Aurora Platinum (ARP-V) has resumed drilling on the promising Footwall copper-nickel-platinum-palladium property near Sudbury, Ont.The 2,700-metre program is testing the immediate …
Record output for Rio Narcea
Rio Narcea Gold Mines (RNG-T) poured a record 124,363 oz. gold at an estimated cash cost of US$190 per oz. from its El Valle operation in Spain during 2001, and the company says it expects to produce …
International Annax spots large conductor at Lae Jehe
Vancouver — International Annax Ventures (IAX-V) has discovered a promising deep conductor near the Anjing Hitam lead-zinc deposit on its Dairi property in Northern Sumatra, Indonesia.A down-hole ele…
Orvana resumes Don Mario development
Two years after being forced to shelve it, Orvana Minerals (ORV-T) has raised enough funds to advance its small but high-grade Don Mario gold-silver deposit.In the heyday of 1996, Orvana added the Bol…
Major General plans diamond spinoff
With 42.1 million shares currently issued, Major General Resources (MGJ-V) intends to spin off its diamond properties into a new company and undergo a 3-for-1 stock rollback.Shareholders of Major Gene…
Poste Lemoyne bears gold (February 11, 2002)
Preliminary drilling by partners Virgina Gold Mines (VIA-T) and privately owned TGW has deepened a surface showing at the Poste Lemoyne property in the James Bay area of Quebec.The Orfee zone has been…