Lac des les suffers setback (September 23, 2002)
Just when it looked like things were beginning to improve, North American Palladium (PDL-T) has been forced to shut down and repair the primary crusher at its Lac des les palladium-platinum mine in n…
News
Newmont to axe Aussie hedge
Australian gold miner Normandy Mining, now living under the banner of Newmont Mining (NEM-N), reports that subsidiary Newmont NFM will have eliminated its hedge book by early 2003.Since the end of 200…
Redhawk restructures ZincOx relationship
ZincOx Resources of London has relinquished its right to earn a half-interest in the Remac zinc oxide project in southeastern British Columbia and sold its interest in the Torlon property in Guatemala…
War jitters send golds higher
After a quiet start on Sept. 11, the Toronto Stock Exchange’s Composite index slid a whopping 226.04 points, or 3.4% of value, to end the Sept. 11-17 report period at 6,392.26 as prospects of a U.S. a…
Anaconda Nickel tables debt plan
Australian-based Anaconda Nickel has reached a deal that will see its secured creditors receive US$190 million in cash, or about US25 on the dollar, for the outstanding secured debts of its wholly ow…
Canarc resumes Benzdorp exploration
A revised agreement with state-owned Grasshopper Aluminum has prompted Canarc Resource (CCM-T) to resume exploration at the Benzdorp gold property in Suriname.In 1996, Grasshopper granted Canarc the r…
Nickel laterites fail to live up to early promise
The pioneers of Australia’s nickel laterite industry set the bar way too high. Just three years ago, they were the stars of the nickel business, determined to lower the industry cost curve and revolut…
Friedland leading the charge in the land of Genghis Khan
The discovery by Ivanhoe Mines (IVN-T) of the world class copper-gold bearing porphyry system at Turquoise Hill in Mongolia’s remote South Gobi region highlights the untapped mineral exploration poten…
Exchange Rates (September 23, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 17Sept. 16Sept. 13Sept. 12Sept. 11US$ in C$1.57921.58251.5857…
Manhattan tables new Tambo Grande plan
An independent feasibility study calls for a more productive second phase than planned at the proposed Tambo Grande open-pit mine in Peru, reports Manhattan Minerals (MAN-T).The study, authored by AME…
Newmont, Barrick oversee expansion of Super Pit Down Under
Kalgoorlie, Australia — Nearly 20 years ago, gold entrepreneur Alan Bond used the word “rationalization” to describe the potential for improving profitability by combining all the mining operations i…
Placer extends again
Make it six. That’s how many times Placer Dome (PDG-T) has extended its offer for partner and takeover target AurionGold. With the previous deadline hours away on Sept. 10, Placer tacked on another 10…