Imperial suspends operations
The beleaguered Mount Polley mine in central British Columbia will close its doors in late September because of continuing low copper and gold prices.Imperial Metals (IPM-T) is suspending operations, …
News
Dow dips below 10,000 mark
Denver — Growing market pessimism pushed the Dow Jones industrial average below the 10,000 mark, down 224.54 points, or 2.2%, to 9997.49 points during the report period ended Sept. 4. The Nasdaq drop…
Denison to manage cleanup
Denison Environmental Services, together with Innova Quest, will oversee the reclamation of the former Hope Brook mine site in southwestern Newfoundland.The companies were chosen from six proposals su…
Sustaining South African mining
South Africa’s mining industry has always been committed to sustainable development by balancing development with environmental considerations. The industry’s participation in both national and intern…
‘Personal comment’ mars reporting
John Cumming wrote a detailed article on Gabriel Resources feasibility study of the Rosia Montana gold project in Romania (T.N.M., Aug. 20-26/01). His factually correct reporting of the study would ha…
Diversification helps Cameco ride out weak uranium market
Uranium producers have had little to cheer about in recent years.Hopes were raised earlier this year when the U.S. government unveiled its proposed energy policy, which included an increase in the use…
Gold properties fall to bargain hunters
The mining adage that gold properties are worth whatever someone will pay for them holds true in good times and bad. And in these tough times, mines can be had, and are being had, at bargain-basement …
GREATEST VALUE TRADED, AUG. 29-SEPT. 4
ExchgVal($000s)HighLowCloseChangeAlcoa*N38002839.3437.0238.54-0.24…
Mining index fails to jump-start CDNX
Vancouver — Despite a 3-digit gain in the mining sector, Canada’s junior exchange finished the holiday-shortened week ended Sept. 4 on a low note. The Canadian Venture Exchange composite index lost 1…
Star yields low count
A sub-surface layer of till containing kimberlite float boulders in the Northwest Territories has returned a low diamond count. Ashton Mining of Canada (ACA-T) discovered the layer on the Star joint-v…
Hecla Mining lands private placement
Denver — Hecla Mining (HL-N) has completed a US$5.5-million private placement, using money from its pension plan.The pension plan has assets of more than US$55 million, surpassing its projected oblig…
Ashton raises $2.6m
Proceeds from a $2.6-million share offering will be used by Ashton Mining of Canada (ACA-T) for ongoing diamond exploration at its projects in Quebec, Alberta, Northwest Territories and Nunavut.The Ri…