Minefinders puts Dolores project on fast track
Considered a potential takeover candidate, Minefinders (MFL-T) raised $10 million earlier this year with the objective of advancing its wholly owned Dolores gold-silver project in Mexico’s Chihuahua s…
News
Copper market poised to benefit from stronger demand
This article, the second of two instalments devoted to base metals, was culled from Barclays Capital’s monthly report The Commodity Refiner. Part 1 appeared in our Oct 14-20 issue.Macroeconomic-driven…
NRCan to oversee rough diamond trade
Under proposed legislation before the House of Commons, Natural Resources Canada would become the Canadian authority for the import and export of rough diamonds, as part of the federal government’s pa…
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…
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…
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…
News – 21-OCT-02
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 …
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…
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 …
Summer work in NWT yields new crop of kimberlites
More than a decade after diamonds were first found in Canada’s Far North, new discoveries of kimberlite continue to be reported in the Northwest Territories and Nunavut.An autumn drilling program on t…
Trading Summary (October 18, 2002)
The Toronto Stock Exchange ended the holiday-shortened week with a 51.82-point gain to 6,326.61 points on Friday, w…