Palabora prepares for long strike
Denver — Palabora Mining is settling into what could be a long strike, after negotiations failed to reach an agreement over a 3-week walkout at the Palabora copper mine in South Africa.The company, a…
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CDNX starts summer selloff
Vancouver — Canada’s junior exchange lost ground on all fronts over the report period ended June 19. The Canadian Venture Exchange composite index slumped 68.49 points, or 2%, to close at 3,275.90. T…
Northern Miner Indices (June 25, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T19.3ComincoCLT-T5.1FalconbridgeFL-T6.7Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N6.7Homestake MiningHM-N4….
Metal Prices (June 25, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)June 19June 18June 15June 14June 13Aluminium1467/1493.50…
Rough sales hurt by slowdown
In the first half of 2001, sales of rough gem diamonds by the Diamond Trading Co. (DTC), the marketing arm of De Beers, were hampered by a slowdown in the global economy, particularly in the U.S., whi…
Magino gets resource boost
Vancouver — An updated resource estimate on Golden Goose Resources’ (GGR-V) Magino project, near Wawa, Ont., may put some life back into the past-producer.Timmins-based Reddick Consulting tabled a to…
Etruscan adds to land holdings in Mali
Through a wholly owned subsidiary, Etruscan Resources (EET-T) has taken on two more exploration permits in Mali, thereby increasing its exposure to the geologically prospective Mali West shear zone.Th…
Anzex drills Woodlawn
Vancouver-based Anzex Resources (AZX-V) has completed two holes of a 4-hole drilling program at its Woodlawn platinum prospect in Southland, New Zealand.Assay results are pending, though the company s…
Int’l Annax hot on Dairi
Vancouver — In North Sumatra, Indonesia, International Annex Ventures (IAX-V) is busy expanding its Anjing Hitam (“Black Dog”) zinc-lead deposit.The high-grade, sedimentary-exhalative massive sulphid…
Quebec business elite salute Noranda Magnesium
Quebec’s business community has singled out Noranda’s Magnola metallurgical plant, in Asbestos, for its contribution to the provincial economy.The plant is operated by Noranda Magnesium, a representat…
Partners hit sulphides at Boyongan
Drilling at the Boyongan copper-gold prospect in the Philippines continues to yield impressive results for partners Anglo American (AAUK-Q) and Philex Gold (PGI-V).Boyongan is part of the North projec…
Nevsun drilling infills Tabakoto
Infill drilling is proving up the open-pit mining potential of the Tabakoto gold deposit in Mali.Since April, Nevsun Resources (NSU-T) has sunk more than 70 reverse-circulation and 14 core infill hole…