Fertilizer king PCS keeps turning a profit
While not quite matching the previous year’s stellar performance, Potash Corp. of Saskatchewan (pcs-t) still managed to turn a considerable profit in 1998.PCS earned US$261 million (or US$4.82 per sha…
News
QUERY — Records show Peterson Red Lake remains dormant
My late father was involved in mining most of his life, and after going through some papers I have come across three different mining stocks which I think are now defunct — but before I destroy the c…
Diavik explores Pure Gold North
A ground geophysical survey program is testing up to three high-priority airborne anomalies on the Pure Gold North claims, 55 km east of the Ekati diamond mine in the Northwest Territories.Diavik Diam…
Royal arranges royalty conversion
Royal Gold (RGLD-Q) has converted its 20% net profits interest in Nevada’s South Pipeline deposit into a gross smelter royalty on both that and the main Pipeline deposits.Situated in the state’s centr…
Iamgold updates reserves at Sadiola Hill
Markham, Ont.-based Iamgold (IMG-T) has updated the reserve and resource estimates of its three major gold assets in Mali.The most prized of these is the Sadiola Hill open-pit mine, which is owned 38%…
Creditors draw curtain on Royal Oak — Witte attributes collapse to low metal prices, bad luck
The Ontario Court (General Division) finally shut down the show at gold producer Royal Oak Mines (RYO-T), putting the company into receivership when creditors could not agree on a restructuring deal.T…
LME WHSE LEVELS (April 26, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at April 20/99 (change from April 13 in brackets):MetalStocks(tonnes)Change…
LATIN AMERICA — 2002: a Peruvian mining odyssey — Antamina faces economic, social, environmental challenges
Augusto Baertl, president of Minera Antamina, is not one to downplay the challenges faced by the consortium of three Canadian companies developing the huge Antamina copper-zinc deposit in the Peruvian…
Careers (April 26, 1999)
KINROSS GOLD CORPORATION,p>Kinross Gold Corporation is an entrepreneurial mining company, which in a span of just over five years has become a million-once gold producer. With seven primary, low cost …
LATIN AMERICA — Alumbrera improves performance
With startup problems behind it, the Alumbrera copper-gold mine in northwestern Argentina was close to breaking even in 1998.The open-pit mine, owned 25% by Rio Algom (ROM-T), achieved commercial prod…
METAL PRICES (April 26, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateApril 20April 19April 16Apri…
Northair hot on Venturina project
International Northair Mines (INM-V) continues to produce encouraging results at the Venturina project in Mexico’s Chihuahua state.The company is acquiring the project in return for paying US$138,000 …