Tremor kills South Africans
Three miners were killed and four others injured after an earth tremor caused a rock fall at AngloGold’s Savuka mine, 30 km west of Johannesburg.The tremor, which measured 2.6 on the Richter scale, oc…
News
Enron demise shakes metals markets
Base metals prices put in a mixed performance during the report period Nov. 26-30, driven by further production cuts and by differing responses to Enron’s troubles (see editorial, page 4). Copper, whi…
Mining a model of productivity
A new study has found that the Canadian primary metals sector has the highest overall ranking among all industrial sectors for use and application of advanced technologies.The study, titled Mining Inn…
CVRD, Codelco in talks
Chilean state copper enterprise Codelco and privatized Brazilian miner Companhia Vale do Rio Doce (CVRD) (RIO.PR-N) are negotiating to form a joint copper-producing venture in the Americas.CVRD, the l…
Expat joins Amarc at Fox River (December 10, 2001)
Vancouver — Having just acquired the Fox River nickel-copper-platinum-palladium property from sister company Rockwell Ventures (RCW-V), Hunter-Dickinson-led Amarc Resources (AHR-V) is dealing a 12% i…
Saskatchewan finances diamond exploration
The federal and Saskatchewan governments will jointly fund a geological study of diamond-bearing rock in the Fort la Corne area, 50 km north of Prince Albert.The federal portion of the funding is pa…
More gold in Caucasia: study
Several countries in Central Asia have the potential to become major gold producers, according to a report by the London-based World Gold Council.The report, titled The Golden Road: The Importance of …
Shanghai gold exchange opens
China took another step toward deregulation of its gold market in late November when the Shanghai Gold Exchange opened its doors for a day of simulated trading to test its electronic trading system.In…
Imperial files for court protection (December 10, 2001)
Vancouver — Imperial Metals (IPM-T) has been granted bankruptcy protection by the Supreme Court of British Columbia. The junior filed for protection as a result of financial troubles caused by low go…
A lesson from Enron
The collapse of commodity and derivatives trader Enron has offered market-watchers plenty of entertainment over the past four months. There was the precipitous departure of its chief executive, Jeffre…
Navigator, Chapleau identify tantalum target
Vancouver — Juniors Chapleau Resources (CHL-V) and Navigator Exploration (NVR-V) have discovered a third tantalum drill target at their jointly held Kougarok project in Alaska.The 55-sq.-km property …
TSE builds up after profit-taking
Investors took profits after the Bank of Canada cut its principal lending rate on Nov. 27, leaving the Toronto Stock Exchange playing catch-up for the report period Nov. 28-Dec. 4.The TSE 300 composit…