Fording to get more for less
Calgary-based Fording Coal, the country’s largest coal producer, says it will charge more for its coal this year but sell less of it.The company expects prices will be about 10% higher than the averag…
News
SouthernEra recovers gems
The first hole drilled into the Sue kimberlite pipe in the Northwest Territories has yielded 95 diamonds for SouthernEra Resources (SUF-T).Sue is part of the Yamba Lake property, in which SouthernEra …
Andean American hot on Santa Rosa
Cusco, Peru — With four months of commercial gold and silver production from the Open Pit zone under its belt, Andean American Mining (AAG-V) is gearing up to expand operations at its wholly owned Sa…
Barrick doubles Alto Chicama resource estimate (July 15, 2002)
Infill drilling by Barrick Gold (ABX-T) on the Lagunas Norte deposit has more than doubled the inferred resource at the 185-sq.-km Alto Chicama property in north-central Peru.The resource now stands a…
News – 15-JUL-02
Bless us, a curse!
“In vain with lavish kindness the gifts of God are strown;The heathen in his blindness bows down to wood and stone.”Reginald Heber, “Missionary Hymn” (1819)It has long been thought that the path to pr…
Gold Fever in BC, Part 2
The exploration and development of porphyry deposits during the 1960s and 1970s had a profound effect on the mining community in British Columbia. Between 1965 and 1987, one out of every four deposits…
Alcoa rebounds in Q2
Costcutting enabled Alcoa (AA-N) to turn a respectable profit in the second quarter.The world’s largest aluminum producer earned US$232 million (or US27 per share) on revenue of US$5.2 billion during…
Alcoa receives award
Alcoa Foundation, the charitable arm of Pittsburgh, Pa.-based Alcoa, one of the world’s largest aluminum refiners, has received an award from the Tennessee Department of Environment and Conservation (…
34 die in Ukrainian coal mine
A fire in Ukraine has claimed the lives of 34 miners, bringing the country’s death toll from mining-related accidents to nearly 150 this year.Thirty of the miners were in a trolley descending into the…
PEOPLE (July 15, 2002)
Afri-Can Marine — R.W. Foster appointed resource development manager.Algoma — Glen Manchester appointed senior VP corporate development; Keith McKay appointed VP finance and CFO.Fort Knox…
Queenston revs up printing press
Higher demand for its paper has prompted Queenston Mining (QMI-T) to increase the size of a private share offering.The placement now consists of 6.25 million units priced at 80 apiece. Half the units…