Coal miner AfriOre goes for gold in Africa
Looking to shift gears again, metal-explorer-turned-coal-miner AfriOre (AFO-T) intends to bring another South African coal operation into production with an eye toward becoming a gold producer.The com…
News
Base metals surprisingly buoyant as new year begins
Against most expectations, including our own, base metals have opened the year in buoyant mood. Early in the report period Jan. 7-11, they sparked sharply higher in response to fresh buying by commodi…
Song contest nets winner $500
Alex Berthelot, Jr. of Elliot Lake, Ont., has won a songwriting contest sponsored by the Canadian Mining Hall of Fame. The lyricist, who was one of more than 40 contestants, was presented with the awa…
Spending up in Nfld.
Exploration expenditures in Newfoundland in 2001 totalled $25 million, up slightly from $23 million in 2000. During 2001, 15,663 claims were staked compared with 12,969 in 2000.The increase in expendi…
Inmet gets $88m in Troilus case (January 21, 2002)
A British Columbia court has awarded $88.2 million to Inmet Mining (IMN-T) for breach of contract in the aborted sale of the Troilus gold mine in north-central Quebec.The decision is against Homestake…
Trading Summary (January 18, 2002)
The Toronto Stock Exchange fell today on almost all fronts, with only the pipeline stocks gaining ground. The TSE 3…
AngloGold retreats from Normandy war
AngloGold (AU-N) has withdrawn from the battle for Normandy Mining (NDY-T), leaving a victory path wide open for ri…
Ashton finds more diamonds in Artemisia (January 18, 2002)
Vancouver — The newly discovered Artemisia kimberlite pipe in Nunavut continues to yield promising microdiamond co…
BC regional mining offices to close
Vancouver — British Columbia’s Ministry of Energy and Mines will cut 106 positions and eliminate the prospectors a…
Campbell closes Joe Mann financing (January 18, 2002)
Taking another big step towards resuming commercial operations at the Joe Mann gold mine in Quebec, Campbell Resour…
Trading Summary (January 17, 2002)
The technology and consumer products sector led the Toronto Stock Exchange to a 68.68-point gain to end at 7,652.7…
Quebec diamond rush rolls on
Montreal-based Osisko Exploration (OSK-V) is among the latest group of companies to acquire land in the James Bay a…