Banks topic of CIM lunch
Central banks and the international gold market will be the focus of the next luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), to be held May 21 at 1…
News
Inmet looking for buyer for Antamina — Expansion planned for Troilus; Teck shares on block
Pressured by a September deadline to commit to the huge Antamina copper project in Chile, Inmet Mining (IMN-T) recently began talks with ten large base metal producers regarding a possible sale of its…
Noranda forges sulphur pact as part of restructuring
Toronto-based Noranda has signed an agreement with Wilmington, Del.-based chemical giant DuPont to form Noranda DuPont LLC, a 50-50 joint venture, to market, transport and distribute sulphuric acid in…
Gitennes drilling Alumbre
Gitennes Exploration (GIT-T) has moved two drill rigs on to the Alumbre gold pect at its Virgen property in north-central Peru in an effort to determine the extent of mineralization. Further stepout d…
Cleanup plan gets nod
Boliden (BOL-T), whose Los Frailes mine was shut down by a tailings dam failure on April 25, now estimates that repairs to the dyke and remedial work downstream from the break could put the mine back …
Teck hits copper values
Teck (TEK-T) has enountered low-grade copper mineralization in its first round of drilling at the Mocha porphyry prospect in northern Chile.Under an agreement with its joint-venture partner, Royal Sil…
Low costs salvage profit for Aur
The smooth operation of two low-cost mines enabled Aur Resources (AUR-T) to turn a fourth-quarter profit in the face of lower copper and zinc prices.Aur reported earnings of $377,000 (or 1 cent per sh…
Ontario, BC prospectors get funding
The Ontario government is looking to boost mineral exploration in the province by putting $2 million into the Ontario Prospectors Assistance Program (OPAP).”We support the mineral exploration industry…
Columbia Ventures smelter deal could mean more jobs for BC interior
A deal between Vancouver, Wash.-based Columbia Ventures and the government of British Columbia has paved the way for construction of a primary aluminum production plant in the province.Construction of…
Kinross Gold makes foray into Australia
In a deal worth US$5 million, Kinross Gold (K-T) has picked up two groups of properties in the prolific Eastern Goldfields region of Western Australia.The first, dubbed Mt. Henry, covers 545 sq. km ne…
Phelps Dodge scales back production at Chino
Due to poorer-than-anticipated recovery in the leaching circuit, Phelps Dodge (PDn-N) plans to curtail production at the Chino copper operation in New Mexico.The move will lower annual production at C…
MOST ACTIVE ISSUES, April 29-May 5
ExchgVol(000’s)Close.ZSBoliden I/RT109832.25Kinross GldT…