Inmet triples profits
Increased production of pricier copper and zinc enabled
Increased production of pricier copper and zinc enabled
Vancouver — Record first-quarter earnings posted by Teck Cominco (TEK-T) were overshadowed by the company’s decision to halt development of the Pogo gold project in Alaska.
Aluminum giant Alcan will slash 277 jobs at the Paris headquarters of Pechiney, with which it recently merged. The move is designed to ensure the Montreal-based company meets its target of saving US$350 million annually by the end of 2005.
Results from metallurgical tests indicate high recovery rates at
Vancouver — Drilling by
Metal prices suffered another hefty price correction in late April, driven by fears of a slowdown in Chinese demand and tightening U.S. monetary policy. But owing to strong market-specific fundamentals, we still believe metals prices will strength…
The following is an excerpt from the ninth edition of Mining Explained, published by The Northern Miner. The book sells for $30 plus $3 for shipping and is available by calling 1-800-668-2374. E-mail:
Vancouver — Higher production costs, brought about by continued appreciation of foreign currencies against the U.S. dollar, trimmed Gastre, Argentina — Editorial Cartoon (May 10, 2004)
Higher costs erode Placer Dome’s profits
IMA squares off against Aquiline
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