News

Teamwork led to Kudz Ze Kayah

I would like to clarify some details in your article on the awarding of the “Spud” Huestis award by the British Columbia and Yukon Chamber of Mines (T.N.M., Jan. 20-26/03).The article says it was my c…


Grasberg’s success now pays dividends

Vancouver — A strong operating performance from the mighty Grasberg mine in Indonesia has prompted Freeport-McMoRan Copper & Gold (FCX-N) to pay shareholders a dividend for the first time since 1998….


Aussie gold index adds five companies

Five Australian gold producers have been added to the Australian Gold Council/Macquarie Gold Index.Oxiana Resources, Sino Gold, Dalrymple Resources, Dominion Mining and the recently listed MPI Mines j…


Less land than stated

The Partnership for Public Lands was formed in 1997 as a joint effort of the Federation of Ontario Naturalists, the Canadian Parks and Wilderness Society, the Wilderness League, and World Wildlife Fun…


Downside risk restricted in lead and aluminum

Market deficit for copper deemed likelyThe following is the third in a series devoted to metals markets and was culled from Barclays Capital’s monthly report The Commodity Refiner. This week’s instalm…


LME Warehouse Levels (February 17, 2003)

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 11 (change from Feb. 4 in brackets):MetalStock(tonnes)ChangeAluminium1196200(+80…



Noranda takes big hit in 2002 (February 17, 2003)

Reflecting its decision to close the Magnola magnesium plant in Quebec, Noranda (NRD-T) has recorded a whopping $700-million loss for 2002.The $3.02-per-share loss included an after-tax charge of $630…


People (February 17, 2003)

Barrick Gold — Gregory Wilkens appointed president and CEO replacing Randall Oliphant.Algoma Steel — Alexander Adam retired from board of directors.McKenzie Bay International — John Sa…



Inco aims to sustain record output of PGMs

While it has benefited strongly from higher nickel and copper prices of late, Inco (N-T) expects platinum group metals (PGMs) to remain a valuable byproduct at its operations.At its flagship Sudbury o…



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