Agnico-Eagle completes LaRonde mine expansion
Having expanded its LaRonde gold mine in northwestern Quebec, Agnico-Eagle Mines (AGE-T) is expecting a steady stream of cash flow.In October, underground production was ramped up to 5,000 tons per da…
News
Ashton urges acceptance of De Beers’ bid
The board of directors of Australian-listed Ashton Mining has recommended that its shareholders reject Rio Tinto’s (RTP-N) A$1.85-per-share offer, which it described as “neither fair nor reasonable,” …
Anglo drilling extends zone at Aripuana
Drilling by Anglo American (AAUK-Q) at the Aripuana property in Brazil has intersected a zone of zinc and lead sulphide mineralization in a stepout hole 160 metres northwest of the previously drilled …
Gold-as-money, Part II
If gold is the mortal enemy of central bankers, as suggested by Lawrence Parks, executive director of the Foundation for the Advancement of Monetary Education (FAME), is there hope for a truce or a pe…
Canada and global mining
The management of Canada’s mineral wealth and resources has had numerous benefits for the country. These benefits are the direct result of Canadians working here and abroad.For the mining industry to …
Boliden seeks partners at Lomas Bayas, Myra Falls
Higher production and improved copper and zinc prices helped Boliden (BOL-T) to an operating profit in the three months ended Sept. 30, but further writedowns on the balance sheet — including a US$19…
Inco proves merits of ‘tele-operated’ mining
Ontario’s minister of northern development and mines, Tim Hudak, recently set off the world’s first underground explosion via a computer stationed above ground at Inco’s experimental mine, near Sudbur…
PEOPLE (November 06, 2000)
Adventure Mnrls — D.D. Dick, W.A. Hansen and G.W. Martin appointed directors.Ariel Res. — A.W. Lilly appointed director.Bargold — Catherine Zammito, Anthony Ciali and C.A. Peyton appoi…
LME Warehouse Levels (November 06, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 31/00 (change from Oct. 24 in brackets):MetalStock(tonnes)ChangeAluminium331850(…
Noranda
Vancouver — Improved earnings from coal operations and Cominco’s (CLT-T) solid financial performance helped Teck (TEK-T) post an impressive third-quarter profit.The Vancouver-based major tabled earni…
Metal Prices (November 06, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 31Oct. 30Oct. 27Oct. 26Oct. 25Aluminium1469/14…
Imperial drills new discovery
A zone of massive sulphide mineralization has been discovered at surface on claims wholly owned by Imperial Metals (IPM-T), 7.5 km from its Goldstream mill, near Revelstoke, B.C.Results from nine chan…