Codelco set to expand in competitive market
Denver — The world’s largest producer of copper, Corporacion Nacional del Cobre de Chile (Codelco), is scrambling to stay on top of the game following a recent spate of mergers.The Chilean state-owne…
News
CVRD focuses on mining
Denver — Brazil’s iron-ore giant Companhia Vale do Rio Doce (RIO-N) has sold its interest in steelmaker Companhia Siderurgica Nacional (SID-N) in order to focus on its mining and transportation busin…
Idaho Consolidated active at Stillwater complex
Denver — Idaho Consolidated Metals (IDO-V) expects to begin its first round of drilling on the Stillwater complex in southwestern Montana.The junior, which owns 110 sq. km adjacent to the platinum pa…
PEOPLE (April 23, 2001)
Azimut — Andr Gaumond appointed interim president.GGL Diamond — John Auston appointed director.Gold Canyon — Nathan Tewalt appointed geological consultant.Ivernia West…
GREATEST VALUE TRADED, APRIL 11-17
ExchgVal($000s)HighLowCloseChangeAlcoa*N 633803 39.68 37.75 38.18- 1.07…
Drilling begins at Paul Isnard
Partners Rio Tinto (RTP-N) and Guyanor Resources (GRL.B-T) have begun exploration at the latter’s Paul Isnard gold project in French Guiana.The US$750,000 program is being funded by Guyanor Resources…
Summo considers copper powder business
Denver — Summo Minerals (SMA-T) has commissioned a new feasibility study to assess the economics of a copper powder business at the Lisbon Valley project in southeastern Utah.In September 2000, Summo…
Partners cut more wide intervals at El Morro project
The latest holes on the El Morro copper-gold project in Chile have returned some long intervals of continuous mineralization for partners Noranda (NOR-T) and Metallica Resources (MR-T).Recent drilling…
Namibian crawls back from the abyss
Namibian Minerals (NMR-T) has taken another step towards financial recovery by resuming marine diamond production off the coast of Namibia.The Ya Toivo, which supports the Nam2 mining system, resumed …
BC gov’t aids mining industry
In a deal reached with the British Columbia government, Getty Copper will receive a discounted power rate for its planned copper mine near Logan Lake. The rate will be directly tied to copper prices.T…
Deal reached to clean up former Britannia mine site
A partnership consisting of public and private interests has reached an agreement to clean up the former Britannia copper-gold mine site, near Howe Sound, 50 km north of Vancouver, B.C.The cleanup is …
Exchange Rates (April 23, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 17April 16 April 13April 12April 11US$ in C$1.55791.5621Holiday…