Deal reached at Noranda’s aluminum division
With more than 500 workers walking the picket lines at its Horne copper smelter in Rouyn-Noranda, Que., Noranda (nrd-t) has announced that employees at its aluminum primary products division voted 63%…
News
Syncrude’s Carter named MAC chairman
The Mining Association of Canada (MAC) has elected James Carter, president of Syncrude Canada, as its new chairman.The previous chairman was Guy Dufresne, chief executive officer of Quebec Cartier Min…
Cameco buys Smith Ranch
Cameco (CCO-T), the world’s largest uranium supplier, just got bigger.The Saskatoon, Sask.-based company has agreed to buy the Smith Ranch in situ leach mine and various other ISL properties in Wyomin…
Lending Rates (July 01, 2002)
as of 4 pm ET, June 25, 2002(%)Bank of Canada2.75Canadian Prime4.25U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.87LIBOR US$ 6-month1.97LIBOR US$ 1-year2.34Gold lease 3-month0.32Gold leas…
Micon finds alliances expand reach
Mineral industry consulting firm Micon International has found that non-exclusive alliances, such as the one it announced in late May with poject-management and technology firm Wardrop Engineering (T….
Golds still have legs: Allan
In a series of reports released in June, Research Capital mining analyst Barry Allan takes a look at the gold sector and concludes it still has room to move higher.First, he examines the relationship …
Another Hemlo?
A mere six years have elapsed since news of the fabulous Hemlo discoveries rocked the mining world. Yet details of another gold discovery, which displays geological parameters of Hemlo-size proportion…
Marshall Fork yields 17-carat diamond
Partners Diamond Fields International (DFI-T) and South African-based Trans Hex Group have recovered a 17-carat alluvial diamond off the coast of Namibia, near the town of Luderitz.The stone, which ca…
Cdn. Royalties targets Ungava’s board
The fight between Canadian Royalties (CZZ-V) and Ungava Minerals (UNGV-CUB) has taken a twist, with the former, via a numbered subsidiary company, launching a 10-per-share cash bid for 51% of the lat…
PGMs bullish in May
The investor and dealer selling that had undermined the platinum price in late April eased in early May, and physical demand provided a solid floor around US$520 per oz.The positive fundamentals for p…
Eldorado ups Kisladag
Vancouver — Eldorado Gold (ELD-T) has incorporated this year’s drill results into a resource estimate for the Kisladag project in western Turkey.The 4,565 metres drilled in 2002 have helped define th…
Western Copper confirms continuity of Chile Colorado zone
Vancouver — Initial results from an ongoing, 6,800-metre drill program on the Penasquito silver property in Mexico have confirmed the mineral continuity of the Chile Colorado zone.Based on results fr…