Sherritt Partnership adds coal to fire
Faced with a revised takeover bid by the Sherritt Coal Partnership II, Calgary-based Fording (FDG-T) has postponed until Jan. 3 its special shareholders’ meeting originally slated for Dec. 20.Fording’…
News
McWatters sizes up East Amphi project (December 23, 2002)
Based on the results of a recent feasibility study of the East Amphi gold project, near Val d’Or, Que., McWatters Mining (MWA-T) has budgeted $1 million for exploration in 2003.The deposit will be dri…
LME Warehouse Levels (December 23, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 17 (change from Dec. 10 in brackets):MetalStock(tonnes)ChangeAluminium1247075(-3…
Perseverance on hold
With zinc prices foundering in the US33-to-36-per-lb. range, Noranda (NRD-T) has decided to postpone development of the Perseverance project, near Matagami, Que.Noranda’s president of zinc operation…
Pan Am date extended
Before the merger with Pan American Silver (PAA-T) can close, Corner Bay Silver (BAY-T) has to secure a water source for a proposed heap-leach operation at the Alamo Dorado project in Sonora state, Me…
Tiomin gets nod for Kenyan project
After years of study, the Kenyan government has approved a 16-year mining lease for Tiomin Resources’ (TIO-T) Kwale titanium-sands project, southwest of Mombasa.The lease, which can be renewed for a f…
Montana judge dismisses Canyon suit
A judge in Helena, Mont., has thrown out a lawsuit by Canyon Resources (CAU-X) that claimed a 1998 state ban on cyanide use in gold mines illegally blocked plans for an open-pit mine near Lincoln, 300…
LionOre execs receive exploration awards
LionOre Australia’s chief geologist, Mark Bennett, has won the Prospector of the Year Award from the Australian branch of the Association of Mining & Exploration Companies (AMEC).The award recognizes …
Barrick to open up Andean gold district
To jump-start development of a 39-million-oz. gold district in the high Andes along the border between northern Argentina and Chile, Barrick Gold (ABX-T) has committed to spending about US$425 million…
Silver producers jostle for investors’ attention
At the Autumn Precious Metals Seminar, held recently in Toronto and co-sponsored by the Silver Institute and Gold Fields Mineral Services, representatives of five North American silver producers gave …
Sustainable development in Asia
What would the world be like if Asia — the most populous, the most dynamic quadrant of the globe — were to fail in making the transition to a sustainable lifestyle?I would argue that there can’t be …
Democrats better off without 2000 baggage Gore no more
Speaking in the congenial confines of the Columbia Broadcasting System’s current-affairs program 60 Minutes, Albert Gore Jr. has stated he won’t be a candidate for the presidency of the United States …