Manhattan rises to challenge at Tambo Grande
More and more, it seems that the toughest challenge for a mining company is not discovering a deposit but proving that it can be developed in a socially responsible and environmentally sustainable man…
News
Falco, AMR lead nickel search in Vietnam
Hanoi, Vietnam — With their eye on the Ban Phuc nickel-copper deposit as a potential development project, Falconbridge (FL-T) and its New Zealand-based partner are investigating the Ta Khoa concessio…
Teck, Cominco to form mining giant
Vancouver — It seemed an odd pairing in 1986 when lean, entrepreneurial Teck (TEK-T) bought its initial stake in top-heavy, debt-ridden Cominco (CLT-T).Not anymore.Having shared management and corpor…
Cheviot coal mine plan gets government approval
Vancouver — Five years after submiting an environmental impact asssessment, Luscar and joint-venture partner CONSOL Energy Canada have obtained government approval for their Cheviot coal mine project…
Franco has banner year
For a company whose principal assets are unhedged gold royalties, Franco Nevada Mining (FN-T) had an unusually good year ended March 31.The Toronto-based royalty company turned a $113.4-million profit…
Majors option Tucum target
Majors Teck (TEK-T) and Inco (N-T) will jointly explore the Tucum iron-oxide copper-gold project in north-central Brazil.The pair can earn an initial combined 51% interest in the property from Brasilc…
Placer Dome unveils value-creation strategy
Low prices have forced most gold companies to focus on their bottom line rather than on top-line growth, and Placer Dome (PDG-T) is no exception. Although this strategy produced record revenue of US$1…
Noranda dragged down by Falco
Noranda (NOR-T) saw its earnings chopped 65% in the first quarter, largely as a result of labour problems in Sudbury, Ont., and slumping metal prices.The major posted a profit of $24 million (8 per s…
Environmental imperialism
United Nations agencies, non-government organizations (NGOS) and environmental non-government organizations (ENGOs) can’t be faulted for wanting to preserve rapidly disappearing wilderness. After all,…
Gold price might rise: survey
There is a growing possibility that the price of gold will break out of the US$256-to-$273-per-oz. range witnessed in the first quarter, according to Gold Survey 2001, published by U.K.-based Gold Fie…
Odds ‘n’ Sods: Remembering the ‘Queen Bee’ Viola MacMillan
The timing of my first column in a new, intermittent series examining mining personalities and major discoveries is auspicious for several reasons. From the Ground Up, the authorized biography of Viol…
Sideways-trading takes hold
Although several positive fundamental factors emerged from the U.S. during the report period April 23-27, these were offset by negative ones worldwide, such as weakening fundamentals in the Asian regi…