BHP Billiton, Corriente form alliance
Last year, Corriente Resources (CTQ-T) teamed up with Lowell Mineral Exploration and Billiton to explore porphyry copper projects in southern Ecuador. Now Corriente has joined forces with newly create…
News
Analysts weigh prospects of base metal producers
The first half of 2001 was no picnic for base metal producers, and most mining analysts expect prices to remain weak and vulnerable to downward pressure from funds and speculators for the rest of the …
Echo Bay dips toe in red ink
It’s small, but a loss nonetheless for American gold producer Echo Bay Mines (ECO-T). The company lost US$400,000 in the second quarter of 2001, compared with net earnings of US$10.2 million a year ea…
Niobec strike settled (August 10, 2001)
Hourly rated employees at the Niobec niobium mine in the Lac St.-Jean area of Quebec have returned to work followin…
McWatters getting highway moved at Sigma
McWatters Mining’s (MCW-T) intense lobbying of three levels of government to move a portion of the main highway tha…
Philex trims losses
Vancouver — Despite higher production and increased grades at its Bulawan mine, low gold prices are prompting Phil…
General Minerals drops Escalones (August 10, 2001)
Vancouver — With a large lease payment due this month on the Escalones copper skarn project, Denver-based General…
Anglo approves Agnew budget
Vancouver — The world’s largest platinum-palladium producer has approved a $1.18-million budget for Pacific North…
Great Quest eyes Kenieba (August 10, 2001)
Vancouver — Great Quest Metals (GQ-V), a firm believer that gold prices will be heading higher, has added the Keni…
NovaGold raises cash for Donlin drilling
Junior NovaGold Resources (NRI-T) has inked private placement agreements to raise nearly $1.9 million for a drillin…
Trading Summary (August 10, 2001)
The Toronto Stock Exchange fell 50.56 points to end the holiday-shortened week at 7,644.7. Only three of its 14 sub…
IDO misses the mark at Stillwater
Vancouver — A seven-hole drill program by Idaho Consolidated Metals (IDO-V) has failed to cut any significant plat…