MOST ACTIVE ISSUES, OCTOBER 9-15
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News
Election turmoil comes at bad time for Brazil Reading Lula da Silva
Financial markets in Brazil were jittery after the first round of presidential elections gave Workers’ Party candidate Luiz Inacio Lula da Silva 46% of the vote, double that of his nearest rival, Jorg…
Nevada pins hopes on higher gold price
For the first time in several years, there’s some cautious optimism in Nevada’s precious metals industry.Even though gold prices averaged US$271 per oz. in 2001, versus US$279 in the two previous year…
Thistle boosts Steyn
Thistle Mining (THT-T) reports an 18% increase in reserves at its President Steyn gold mining complex in South Africa’s Free State.Total Reserves at the Steyn 1 shaft have grown to nearly 3.1 million …
Placer prevails as AurionGold caves in (October 21, 2002)
Vancouver — After five long months, Placer Dome (PDG-T) has finally won over AurionGold’s management team in its $1.2-billion takeover offer.The Australian miner reversed its rejection of the takeove…
Encouraging diamond count on Victoria Island
Convinced De Beers walked away from Victoria Island too early, Diamonds North Resources (DDN-V) remains heartened by the microdiamond results that have started to trickle in from a slew of kimberlite …
News – 21-OCT-02
Mary Rabbitt
Mary Rabbit, a noted geophysicist and historian with the U.S. Geological Survey (USGS) in Reston, Va., has died. She was 87.Mrs. Rabbit (ne Collins) was born in 1915 in Boston, Mass., and grew up in …
PEOPLE (October 21, 2002)
Kimber — Thomas Corcoran appointed manager, corporate communications.Romarco — Diane Garrett appointed president and CEO; Robert van Doorn and R.J. MacDonald appointed directors.Gammon Lake…
USGS, AGI to put atlas on DVD
The U.S. Geological Survey (USGS) and the American Geological Institute will develop a comprehensive DVD-based atlas of the world for use in American schools.The global USGS Geographic Information Sys…
NAP reduces output as crusher breaks down
A shutdown of the primary crusher has forced North American Palladium (PDL-T) to curtail production at its Lac des les mine in northwestern Ontario.During the three months ended Sept. 30, the mill pr…
Falling prices close Quebec asbestos mine
The falling price of asbestos worldwide has forced the closure of the Jeffrey operation, north of Sherbrooke, Que., forcing the owner, Jeffrey Mine, to file for bankruptcy protection.The decline in th…