Rio Algom stays profitable during expansion
Increased production and lower cash costs allowed Rio Algom (ROM-T) to record positive third-quarter earnings despite low copper prices.For the three months ended Sept. 30, Rio Algom posted net earnin…
News
Golden Star looks ahead at five best properties
Golden Star Resources (GSC-T) is changing its strategy in the face of persistently low gold prices.The Denver-based company will minimize its grassroots work in favor of focusing on five advanced proj…
PEOPLE (November 23, 1998)
Rayrock — Michael Martineau, Robert Matthews and Robert Zerga appointed directors.
SUPPLIERS NEWS ROUNDUP — Unimin cited for site rehab work
Unimin Canada has been recognized by a U.S.-based environmental group for continuing reclamation and wildlife programs at a former nepheline syenite operation near Peterborough, Ont.The Bethesda, Md.-…
SUPPLIERS NEWS ROUNDUP — Lakefield opens first African lab
Lakefield Research has opened a commercial mineral testing laboratory in Johannesburg, South Africa.The facility was purchased from Johannesburg-based Gold Fields Mining & Development in a deal design…
SUPPLIERS NEWS ROUNDUP — Atlas Copco acquires JKS Boyles
JKS Boyles International, a manufacturer of underground and surface diamond drill equipment, has been acquired by Stockholm-based Atlas Copco.JKS Boyles now belongs to the Atlas Copco Craelius stable …
CIM steps back to golden era
The Klondike gold rush of 1898 will be discussed at the next luncheon of the Vancouver branch of the Canadian Institute of Mining, Metallurgy and Petroleum, to be held Nov. 29 at 12 noon at the Stanle…
OBITUARIES — Colin Coats
Colin Coats, a former chief geologist with Falconbridge, has died of cancer.Born in Scotland, Coats obtained a degree at the University of Edinburgh before emigrating to Canada to complete his educati…
Hillsborough aims to boost productivity
A workforce reduction was not sufficient to keep Hillsborough Resources (HLB-T) in the black at its 63%-held Quinsam coal division near Campbell River, B.C.The company laid off 130 employees in July, …
LETTER TO THE EDITOR — Drill spacing imperative for accuracy
In the mid- to late-1980s, my apprenticeship as a geologist at the Dome and Paymaster gold mines, and more recent exploration work in the Hoyle Pond belt of the Timmins-Porcupine camp, afforded me the…
MINING MARKETS & INVESTMENT NEWS — NAME CHANGE (November 23, 1998)
Holt International Investments (HLT-V) has changed its name to Argent Resources (AOU-V).
MINING MARKETS & INVESTMENT NEWS — Allican funds project
Montreal-based Allican Resources (ALI-M) has raised $1.2 million for studies related to a ferrochrome production project in Thetford Mines, Que.The funds were raised from various sources. The company …