Alcoa smelter dead in Nfld
A plan to use the Lower Churchill River in Labrador to provide power for an aluminum smelter has been aborted.The project was to have been a joint venture between the provincial government and aluminu…
News
Province cleans up Kam Kotia
The government of Ontario has begun rehabilitating the defunct Kam Kotia base metals mine, near Timmins.The province spent $8 million to build a ditch to catch ground and surface water tainted by near…
Act needs changes
I might be accused of being paranoid in stating that British Columbia’s Mines Act and Mineral Exploration Code discriminate against prospectors, but I have come to this conclusion through my own exper…
O’Connell named to Nfld chamber
Gerald O’Connell, former district manager of eastern Canada for Teck Cominco, has been appointed executive director of the Newfoundland and Labrador Chamber of Mineral Resources. He replaces Robert Ke…
Asphalt and pork
A proposal that Prime Minister Jean Chrtien should show off his vision and make an indelible stamp on the country by launching a program to twin the main route of the Trans-Canada Highway, at a cost …
News – 19-AUG-02
Past tough times weigh on Coeur (August 19, 2002)
Production, costs and prices were all headed in the right direction in the second quarter of 2002, but financial costs at Coeur d’Alene Mines (CDE-N) dealt the company a loss.For the three months ende…
Northgate reduces hedge position, posts loss
Vancouver — After closing out a large portion of its hedge position, Northgate Exploration (NGX-T) took a one-time US$9.8-million hit during the second quarter and slipped further into the red.The co…
Trading Summary (August 16, 2002)
Toronto stocks managed to close out the week with modest gains despite a 2% decline in the gold subindex. The S&P/T…
Placer extends offer, advances Pueblo Viejo
Placer Dome (PDG-T), now with more than 31% of AurionGold’s shares, has yet again extended its unconditional final…
TVX posts improved earnings (August 16, 2002)
Buoyed by a higher gold price and the sale of its residual interest in the Casa Berardi mine in northwestern Que.,…
Alcan boosts Alouette stake (August 16, 2002)
Montreal-based Alcan (AL-T) has doubled to 40% its stake in the 243,000-tonne, low-cost Aluminerie Alouette aluminu…