Dow Jones edges up slightly
The Dow Jones industrial average edged up a meager 12.73 points, to close at 10,739.92 for the report period July 12-18.Mining companies were mixed as spot gold languished, holding at US$282.50 on the…
News
High Grade zone yields more riches
The High Grade zone at the Red Lake gold mine, in northwestern Ontario, continues to exceed grade expectations.To date, Goldcorp (G-T) has stockpiled 12,000 tons of ore. Based on 1,342 samples, the av…
Nora settles with Hartor
A dispute between Montreal-based Nora Exploration (NXI-M) and Hartor Investments has been settled out of court.Hartor was suing Nora to force the company to repay two outstanding loans totalling $1.7 …
Int’l Annax unveils results
A planned 7-hole drill program is testing the downdip continuity of high-grade stratiform massive sulphide mineralization at the Dairi project in North Sumatra, Indonesia.International Annax Ventures …
Producer and Dealer Prices (July 17, 2000)
Antimony: Mid-mkt US$1,400/t.Bismuth: Mid-mkt US$3.40/lb.Cadmium: Mid-mkt US$0.22/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.70-16.20/lb.Copper: Comex Sept. US$0.826/lb.Indium: I…
Winspear fights De Beers takeover
In the face of an unsolicited takeover offer from De Beers Consolidated Mines (DBRSY-Q) that it deems “hostile, opportunistic and undervalued,” Winspear Diamonds (WSP-T) has initiated a program design…
Phelps Dodge foresees lower earnings
Operational changes and restructuring charges at two of its operations are expected to depress second-quarter earnings for Phelps Dodge (PD-N).The copper miner expects earnings in the 3-month period t…
Duck Pond drilling looks like money well spent
A year of drilling has done a lot to advance the Duck Pond base metal deposits, 15 km south of here, from mineral deposits to potential mines.Joint-venture partners Thundermin Resources (THR-T) and Qu…
McWatters raises $27m for Quebec mines
Val d’Or, Que.-based McWatters Mining (MCW-T) has begun to recover financially following the completion of two separate deals that provide the gold miner with $27 million in long-term financing.The fi…
Clean labs for a dirty business
It seems the mining industry rarely makes the daily papers unless something gives it a black eye. Witness the coverage “conflict diamonds” has been receiving in the mainstream press, and the political…
Info sought on Wm Wood
Can you help me find some details about my uncle, William Wood. He was born in 1883 in Cinderford, England, and, sometime in the 1920s, emigrated to Canada and worked in the mines. He was killed in a …
The Tin-Tantalum connection
Many mining and exploration firms, and even some large electronics firms, are scouring the world for deposits of the rare metal tantalum.Tantalum is the only known substance that will lie flat as a ca…