Canadian Royalties proves up Expo-Ungava deposit
Vancouver — The discovery of platinum-palladium mineralization associated with previously identified copper-nickel prospects has triggered renewed interest in the Ungava ultramafic belt of northern Q…
News
Hope Bay partners evaluate project’s economics
This year’s $16.4-million exploration campaign at the Hope Bay gold project, north of the Arctic Circle, will culminate with an independent scoping study sometime before year-end.Joint-venture partner…
Gold to rise: TD study
A study by TD Economics into the causes of gold’s misfortunes over the past two decades concludes that prices are likely to trend modestly higher in the coming years.The report, titled Gold’s Lost Lus…
BLM decision gives Imperial project new lease on life
Vancouver — The stalled permitting process at Glamis Gold’s (GLG-T) Imperial project in southern California got a boost after the Department of Interior’s Bureau of Land Management (BLM) reversed a l…
NAME CHANGES (November 05, 2001)
Fosters Resources (FRE-V) has changed its name to Blue Mountain Resources (BMR-V) on a 1-new-for-4-old-share basis.
Placer, Grayd table results from White Gold project
Vancouver — A 1,740-metre drill program by Placer Dome (PDG-T) and Grayd Resources (GYD-V) has returned up to 12.2 grams gold per tonne over 1.3 metres on the White Gold property near Tok, Alaska.The…
CVRD eyes copper in Brazil (November 05, 2001)
Vancouver — Companhia Vale do Rio Doce (CVRD) has inked a US$42.5-million deal with Phelps Dodge (PD-N) to pick up the half-stake it does not already own in the Sossego copper-gold property in north-…
South African investment
Mining companies have committed a total R78 billion to the development, over the next three years, of capital projects across South Africa.According to the Johannesburg-based South Africa Chamber of M…
Eldorado pays down debt (November 05, 2001)
Vancouver — With $15.4 million in bank debt and output continuing to slide at its Sao Bento mine in Brazil, Eldorado Gold (ELD-T) posted a loss of US$900,000 (or US1 per share) in the recent third q…
Raglan mine a strong performer for Falconbridge
As it struggles to return to profitability, Falconbridge (FL-T) is counting on a strong operating performance at its wholly owned Raglan nickel-copper mine in the Ungava region of northernmost Quebec….
Copper bottoms as nickel plummets
The metals market got what it wanted during London Metals Exchange Week (Oct. 22-26), with Phelps Dodge announcing substantial cuts to its high-cost copper operations in the southwestern U.S. In spite…
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…