News
Support for proposed securities law
The Prospectors and Developers Association of Canada (PDAC) has joined a coalition that is supporting the Canadian Securities Administrators’ (CSA’s) proposed National Instrument 54-101 (NI 54-101), a…
Israel looks to improve diamond exports
A diamond is still a girl’s best friend, but if the Israel Diamond Institute (IDI) has its way, women everywhere will have even more “best friends” by the end of this year.”Israel’s diamond industry i…
NAME CHANGES (January 14, 2002)
Antarex Metals (AXT-V) has changed its name to International Antarex Metals (IXT-V) on a 1-new-for-5-old-share basis.Britannia Minerals (BM-V) has changed its name to Nanotek…
PEOPLE (January 14, 2002)
Ayrex — James Evaskevich appointed president and director; Robert Pearson and Gordon Bowerman appointed vice-presidents and directors.Boliden — Ruben Ornstein appointed CFO and Marianne Lindholm app…
Producers rise on higher prices
The ongoing battle for Normandy Mining (ndy-t) took centre stage in eastern markets once again, with American producer Newmont Mining upping the ante at the start of the Jan. 2-8 report period.Newmont…
Breakwater boosts reserves (January 14, 2002)
An independent review of Breakwater Resources’s (BWR-T) El Mochito mine in Honduras and El Toqui mine in Chile has resulted in an increase in mineral reserves and resources.The review, which included …
Nanisivik claims second life in five months
A 46-year-old man, formerly of Hamilton, Ont., was killed in the early hours of New Year’s Day at the Nanisivik zinc-silver mine on the northern tip of Baffin Island, Nunavut.The man was operating a r…
Canada sells more gold
The government of Canada liquidated 55,000 oz. gold in December 2001 to hold 1.1 million oz. in reserve.The value of the remaining reserves is US$291 million, down from US$305 million in November 2001…
Global Mining Initiative
An industry conference known as the “Global Mining Initiative” will be held May 12-15 in Toronto.The event is expected to attract more than 1,000 delegates from all levels of the mining sector. They w…
NZ ships more coal
The outlook for New Zealand coal exports is bright.Solid Energy, a Christchurch-based coal company, expects to set a record for the fiscal year ending June 30, 2002, with forward orders projected to i…
Alcoa posts first quarterly loss in eight years
Alcoa was the first out of the blocks among the majors in 2002 with its quarterly financials, and the results were less than stellar.Suffering a special after tax-charge of US$241 million (US28 per s…