Gold’s value in forensics
A laser beam shot at a gold surface reflects back a signal more than a million times stronger than other metals. This phenomenon, known as Surface-Enhanced Raman Scattering (SERS), is now being used t…
News
Majors form online market
Fourteen of the world’s leading mining companies have joined forces to form an independent, global Internet-based marketplace for the procurement of materials and supplies.The venture is designed to b…
MOST ACTIVE ISSUES, May 10-16
ExchgVol(000s)HighLowCloseChangeAlcoa*N 8628 68.44 64.56 66.94 + 0.82…
Alcan closes Koralu deal
Alcan Aluminum has completed its acquisition of Aluminium of Korea (Koralu).The price tag was US$200 million in cash, with the understanding that Alcan will assume Koralu’s US$95-million debt.Koralu w…
BC rewards safety records
British Columbia Mines Minister Dan Miller recently presented safety awards to 16 mines at the 38th annual Safety Awards Banquet, held in Vancouver during Mining Week.For the second consecutive year, …
Nickel springs back as Inco strike nears
The May 10-16 report ended with a shadow being cast over the nickel market after workers at Inco’s Sudbury workers voted overwhelmingly in favour of a strike mandate.On May 16, union members handed th…
Partners extend hinge at Hope Bay
Drilling by equal partners Cambiex Exploration (CBX-T) and Miramar Mining (MAE-T) at their Hope Bay gold project in northwestern Nunavut has doubled to 300 metres the strike length of the Hinge zone, …
Barrick defends hedging
Shareholders of Barrick Gold (ABX-T) come to their annual meeting for more than the usual spiel about profits, projects and strategies for growth. They come for the religion — the gospel according to…
High-flying International Wayside grounded by regulators
After gaining 61 in a single day to close at $2.04 on the trading of almost 2 million shares, International Wayside Gold Mines (IWA-V) was slapped with a cease-trade order on the morning of May 11 pe…
Industry supports species-at-risk legislation in principle
Over the past several weeks, The Northern Miner has run several columns critical of the federal government’s efforts to bring forward legislation for protecting species at risk [see T.N.M., Feb. 28-Ma…
NAP mired in red
A production shortfall at its Lac des les mine, near Thunder Bay, Ont., contributed to a net loss in 1999 for North American Palladium (PDL-T).The loss amounted to $5.2 million on revenue of $44.6 mi…
VenCan acquires projects
As well as evaluate the potential of claims near the Edwards gold mine in southern Ontario, VenCan Gold (VCG-M) plans to explore newly acquired mineral projects in New Brunswick and Quebec.The Toronto…