Franco-Nevada richer
Standing apart from most of its struggling peers, Franco-Nevada Mining (FN-T) has reported record 6-month earnings from continuing operations.For the six months ended Sept. 30, Franco earned $55.1 mil…
News
BHP Billiton rehires illegal strikers
BHP Billiton has rehired 100 of the 400 workers who took part in an illegal strike at the Mozal aluminum smelter in Mozambique. A decision on the remaining workers is imminent.About two-thirds of Moza…
Aur reaps rewards at Quebrada Blanca
Higher copper production and hedging gains are translating into healthier profits for Aur Resources (AUR-T).During the three months ended Sept. 30, Aur pocketed US$7 million (or 8 per share) on reven…
Cambior, Golden Star shuffle properties
A deal with Golden Star Resources (GSC-T) will see Cambior (CBJ-T) take over 100% interests in the Omai gold mine in Guyana and the Gross Rosebel project in Suriname, while the smaller company concent…
The Sullivan legacy
Sustainable development in the mining industry means the creation of lasting benefits after an orebody is exhausted. People often ask how the exploitation of a non-renewable natural resource can be co…
Eldorado pays down debt (November 05, 2001)
Vancouver — With $15.4 million in bank debt and output continuing to slide at its Sao Bento mine in Brazil, Eldorado Gold (ELD-T) posted a loss of US$900,000 (or US1 per share) in the recent third q…
Remembering the Sullivan mine
When Cominco sent John Hamilton to Kimberley, B.C., in 1976 to work as chief geologist at the Sullivan mine, the province’s mining industry was vibrant. Exploration projects were under way, for which …
South African investment
Mining companies have committed a total R78 billion to the development, over the next three years, of capital projects across South Africa.According to the Johannesburg-based South Africa Chamber of M…
Copper bottoms as nickel plummets
The metals market got what it wanted during London Metals Exchange Week (Oct. 22-26), with Phelps Dodge announcing substantial cuts to its high-cost copper operations in the southwestern U.S. In spite…
Raglan mine a strong performer for Falconbridge
As it struggles to return to profitability, Falconbridge (FL-T) is counting on a strong operating performance at its wholly owned Raglan nickel-copper mine in the Ungava region of northernmost Quebec….
CVRD eyes copper in Brazil (November 05, 2001)
Vancouver — Companhia Vale do Rio Doce (CVRD) has inked a US$42.5-million deal with Phelps Dodge (PD-N) to pick up the half-stake it does not already own in the Sossego copper-gold property in north-…
Placer, Grayd table results from White Gold project
Vancouver — A 1,740-metre drill program by Placer Dome (PDG-T) and Grayd Resources (GYD-V) has returned up to 12.2 grams gold per tonne over 1.3 metres on the White Gold property near Tok, Alaska.The…