Stillwater hits J-M reef
After nearly two years of tunneling into the Beartooth mountains, Stillwater Mining (SWC-X) has encountered the J-M reef at the East Boulder project, 13 miles west of the Stillwater platinum-palladium…
News
Mercury spill near Yanacocha
Eight people are in hospital, following a mercury spill 53 miles southwest of the Yanacocha gold mine in northern Peru.On June 2, three gallons of mercury were spilled in the village of Choropampa. Th…
Lisheen has eyes smiling
The recently opened Lisheen mine in southern Ireland does not contain a pot o’ gold, but there’s no shortage of zinc.The world’s fifth-largest producer of zinc and lead is an equal joint venture betwe…
Cambior mortgages Niobec to help pay lenders
Montreal-based Cambior (CBJ-T) has arranged a minimum US$13-million mortgage on its half-interest in the Niobec niobium mine in Chicoutimi, Que.The private Japanese investment company Jipangu will pro…
Base metals show gains in week of volatile trading
The Toronto Stock Exchange was quiet over the report period June 21-27, with the TSE 300 composite index sliding 74.37 points to close at 10,165.51, a modest loss of 0.7% of value. Still, the mining s…
Luscar among winners in BC rescue competition
Luscar, Cominco and Homestake Canada were the big winners in British Columbia’s Mine Rescue and First-Aid Competition, recently held in Kimberley.In simulated situations, mine rescue teams from these …
CDNX flounders as mining index takes a hit
Canada’s junior exchange closed the week ended June 27 on a down-tick. The Canadian Venture Exchange index dropped 40.53 points, or 1.2%, to finish at 3429.90. The mining index tumbled 102.43 points, …
A step in the right direction
The Tulsequah Chief project is in a breathtakingly beautiful corner of northwestern British Columbia, and its scenic splendor has worked its usual magic on environmental groups, who want to see it pre…
Spot Prices, Wed. June 28, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$286.35-$0.25Silver$ 4.96-$0.06…
Gold Funds (July 03, 2000)
Gold Funds as of June 22, 2000Dynamic MutualCentral FundNet Value$13.05$5.55Price$7.2…
Stoke your engines!
Supersonic jets may one day be capable of zipping from New York to Tokyo in a couple of hours, thanks to high-velocity engines powered by, of all things, coal.Coal looks likely to be a key element in …
Dufresne new MAC chairman
Guy Dufresne will replace John Carrington as chairman of the Mining Association of Canada (MAC).Dufresne is president of Quebec Cartier Mining and chairman of Montreal-based Cambior. For 20 years, he …