Franco-Nevada richer
Standing apart from most of its struggling peers, Franco-Nevada Mining (FN-T) has reported record 6-month earnings from continuing operations.For the six months ended Sept. 30, Franco earned $55.1 mil…
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Responsibility affects entire capital market
With the passage in May of the Geologists Act in Quebec, the introduction of the new Engineering and Geoscience Professions Act in Nova Scotia, and this month’s announcement of regulations under the P…
Aber to enter exclusive ranks of diamond producers
Lac de Gras, N.W.T. — Ten years after Charles Fipke’s milestone diamond discovery in the Northwest Territories, the only major Canadian player left in the wake of recent acquisitions and consolidatio…
Aur reaps rewards at Quebrada Blanca
Higher copper production and hedging gains are translating into healthier profits for Aur Resources (AUR-T).During the three months ended Sept. 30, Aur pocketed US$7 million (or 8 per share) on reven…
Cambior, Golden Star shuffle properties
A deal with Golden Star Resources (GSC-T) will see Cambior (CBJ-T) take over 100% interests in the Omai gold mine in Guyana and the Gross Rosebel project in Suriname, while the smaller company concent…
News – 05-NOV-01
The Sullivan legacy
Sustainable development in the mining industry means the creation of lasting benefits after an orebody is exhausted. People often ask how the exploitation of a non-renewable natural resource can be co…
Remembering the Sullivan mine
When Cominco sent John Hamilton to Kimberley, B.C., in 1976 to work as chief geologist at the Sullivan mine, the province’s mining industry was vibrant. Exploration projects were under way, for which …
Algoma unveils credit plan
Algoma Steel is expected to lay off 800-1,000 people from its workforce of 3,900.The layoffs are part of a plan of arrangement and reorganization filed under the Companies’ Creditors Arrangement Act (…
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BHP Billiton rehires illegal strikers
BHP Billiton has rehired 100 of the 400 workers who took part in an illegal strike at the Mozal aluminum smelter in Mozambique. A decision on the remaining workers is imminent.About two-thirds of Moza…