EVENTS (October 02, 2000)
Oct. 6-19 Mechanized Excavation: The Next Decade Organizer: World Rock Boring Association, Sudbury, Ont. Tel: (705) 673-6572. Fax: (705) 673-6508. E-mail: bevans@nickel.laurentian.ca.
News
Queenstake taps anonymous investor
Queenstake Resources (QRL-T) has concluded an agreement with an anonymous benefactor for a financing worth $1.2 million, which should help the Denver-based junior advance the Magistral gold project in…
Falco to shut down cobalt shipments
Nickel producer Falconbridge, now in the eighth week of a strike at its operations in Sudbury, Ont., has declared force majeure on contracted shipments of cobalt to consumers.The declaration, which is…
Bougainville residents file suit against Rio Tinto
Residents of the island of Bougainville in Papua New Guinea have filed a class action suit in the U.S. against London-based Rio Tinto (RTP-N), alleging that the mining giant commited “ecocide” and “cr…
Symposium to focus on Arctic
The environmental impact of mine openings and closures will be a key theme of the sixth international symposium on Arctic mining, to be held in Nuuk, Greenland, from May 28-31, 2001.The event will als…
Eastern markets weak across the board
Interest rate fears, coupled with weakness in the technology sector, pulled the Toronto Stock Exchange down over the report period Sept. 20-26. The TSE 300 composite index fell 435.93 points, to 10,47…
Ontario Bill 86 creates geoscientists’ provisional council
The first provisional council has been appointed for the newly formed Association of Professional Geoscientists of Ontario.The Ontario legislature passed the Professional Geoscientists Act (Bill 86) i…
Market dips third straight week
The Dow Jones industrial average continued its losing ways, slipping 157.97 points, or 1.5%, during the report period ended Sept. 26 to close at 10,631.32.The market is bracing itself for a rocky earn…
South Africa puts brakes on industry consolidation
Earlier this year, Franco-Nevada Mining (FN-T) described its proposed merger with Gold Fields (GOLD-Q) as a process similar to getting married. All seemed to be going well until the South African gove…
PolyMet exits JV with Rio Tinto
PolyMet Mining (POM-V) has dissolved its joint-venture agreement affecting the NorthMet polymetallic project in northeastern Minnesota with Rio Tinto (RTP-N), after the London-based major proved unwil…
First drill results downgrade Luicho gold prospect
Results from the first four drill holes of a planned 70-hole reverse-circulation program on the highly touted Luicho gold prospect in southern Peru fell well short of market expectations for Pacific R…
Showing our mettle
Canada’s resource industries basked in a rare show of government support in mid-September, underscored by a push to improve market access for metals and minerals and forestry products in Europe. And s…