News
Gold a safe haven once again, or so it seems Where the trouble ain’t
With gold touching US$350 per oz. on Boxing Day, we seem to be seeing the revival of the old relationship between the gold price and international tension. The old “safe haven” explanations for the me…
People (January 06, 2003)
Richmont Mines — Louis Dionne appointed president and CEO.Lakefield Minerals — William Urseth appointed president.AXMIN — Peter Lehner resigned as director.Tenke Mining…
Dofasco dumps Qubec Cartier stake
Hamilton-based steel maker Dofasco has reduced its ownership stake in Qubec Cartier Mining Co., an iron ore subsidiary in Port-Cartier, Que.Dofasco has struck a deal to sell part of Qubec Cartier to…
AMEC wins Meadowbank contract
Vancouver — AMEC has been hired to study the feasibility of mining the Meadowbank gold deposit in Nunavut. Situated 70 km north of Baker Lake, the property is owned by Cumberland Resources (CBD-T).Th…
Golden Star funds work in Ghana
Vancouver — With the price of bullion hitting US$350 per oz., Golden Star Resources (GSC-T) is advancing its mining properties in Ghana.The company filed a shelf offering to sell up to US$75 million …
Robert McEwen our Man of the Year
The Northern Miner’s Man of the Year in 2002, Rob McEwen of Goldcorp (G-T), has probably squeezed more shareholder value out of a small number of assets than anyone else in the gold business.McEwen, a…
2002 marked by further consolidation
It did not feel as momentous as 2000 or 2001, when we saw the creation of several global mining giants, but 2002 was full of smaller-sized mergers, particularly in the precious metals sector.Among the…
European mission raises profile of central Newfoundland
A mining trade mission that visited Europe in early autumn 2002 to drum up interest in central Newfoundland’s resource potential has proved successful, according to the president of the Newfoundland a…
Second attack kills 13 at TVI’s Canatuan
Vancouver — Less than a month after receiving approval to develop the Canatuan polymetallic property in the Philippines, TVI Pacific (TVI-T) has again felt the impact of local rebels.In late December…
Asarco tables more cuts (January 06, 2003)
Vancouver — Asarco, a subsidiary of the world’s third-largest copper miner, Grupo Mexico, aims to cut production at its Mission mining complex in southern Arizona to 22,000 tonnes annually.The debt-r…
BHP Billiton drops Ekati brand
London-based BHP Billiton has dropped its Ekati diamond brand in favour of Aurias, a brand already known in markets outside North America.The company previously sold diamonds under the Ekati brand nam…