Inmet profitable in second quarter
Better operating results and poorer metal prices combined to keep Inmet Mining’s (IMN-T) second-quarter earnings ro…
News
PCS plans $70-million expansion
Potash Corp. of Saskatchewan (POT-T), the world’s leading producer of fertilizer, plans to spend $70 million to exp…
More than 100 feared dead in mine blast
The death toll is 16 people at an illegally operated coal mine in China’s southeastern province of Jiangsu. An expl…
Expo-Ungava yields more PGM
Having taken another look at some assay pulps from four holes collared by a previous operator on the Expo-Ungava co…
Trading Summary (July 23, 2001)
The oil and gas sector stood out from the pack, gaining 115.77 points, or 1.4%, helping to soften the blow of wider…
New kimberlite found on Rockinghorse
Drilling by Kennecott Canada Exploration on Tahera’s (TAH-T) Rockinghorse property in Nunavut has uncovered a new kimberlite body.The so-called Anuri kimberlite was discovered near the head of the pro…
King drilling advances in Far North
Vancouver — Diamondex Resources (DSP-V) is stepping up the pace of exploration at its wholly owned King property in the Northwest Territories.The junior is drilling holes 4 and 5 as part of a $2.7-mi…
Falling Metal Prices crush Falco’s earnings
Slumping nickel, copper and zinc prices more than halved Falconbridge’s (FL-T) earnings during the three months ended June 30.The company posted earnings of $55.8 million (or 30 per share) for the th…
Energy ministers form committee
Federal, provincial and territorial energy ministers have agreed to establish an Energy Markets Committee to ensure a co-operative approach to furthering North American energy opportunities.The minist…
Cominco resolves strike
Denver — Striking workers have returned to work at the Cajamarquilla zinc smelter in Peru after reaching an agreement with Cominco (CLT).The company, which controls an 82% stake in the plant, north o…
Northern Miner Indices (July 23, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.8ComincoCLT-T4.9FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N5.0Homestake MiningHM-N6….
Francisco expands Guatemalan find (July 23, 2001)
Drill results from a reported 43 of 52 core holes completed on the Marlin gold discovery in northern Guatemala have so far defined a thick, near-surface, shallow dipping main zone of oxidized gold min…