AngloGold joins online marketplace
AngloGold recently made its systems compatible with those of Quadrem, an online marketplace for metals and mining products, and now the South African gold giant is doing business on the Internet.Anglo…
Articles by Northern Miner Staff
Another coal mine closes in England
More than 2,000 mine workers in England will lose their jobs following the closure of the country’s biggest coal mining complex, near the northern town of Selby.UK Coal, which has incurred losses of U…
Record amounts spent on Aussie gold search
A record A$7.6 billion will be spent exploring for gold in Australia in 2002-03, up from A$6.7 billion in 2000-01, according to a survey by the Australian Gold Council.Gold producers will account for …
Diamond Fields seeks damage control
Hoping to win over skittish investors, Diamond Fields International (DFI-T) has released new results from its marine diamond project off the coast of Namibia that suggest things are not as bad as its …
Casa Berardi drilling extends gold zone to the east
Drilling by Aurizon Mines (ARZ-T) at the inactive Casa Berardi mine in northwestern Quebec has cut significant gold values east of known mineralization.The $2-million program, which is testing extensi…
Diamond targets in NE Ontario
Stream-sediment sampling by the Ontario Geological Survey in the Mattawa-Cobalt corridor has identified significant kimberlite indicator minerals at several sites. The area is believed to host kimberl…
Low costs at El Peon buoy Meridian (July 29, 2002)
The El Peon gold mine in Chile remains one of the world’s lowest-cost producers, enabling Meridian Gold (MNG-T) to post net earnings of US$11.3 million for the second quarter of 2002.The income, whic…
Weak equity markets threaten metals
Base metals prices fell sharply during the report period July 15-19, erasing most of the gains made in aluminum and copper since the rally of late May and early June. However, the LME index of all bas…
Feds fund asbestos think tank
The federal government will provide $500,000 over two years to the Montreal-based Asbestos Institute, a non-profit organization that promotes the safe use of chrysotile asbestos.Natural Resources Cana…
Spot Prices Wed. July 24, 2002 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$313.60-$4.15Silver$ 4.86-$0.14Platinum$520.00-$…
Pit failure to cost Cameco 200,000 oz. (July 29, 2002)
A pit-wall failure that killed a miner at the Kumtor gold mine in Kyrgyzstan will reduce this year’s production by 200,000 oz., says part-owner Cameco (CCO-T).The rock slide, which happened in early J…
Plunging power profits hit Teck
Vancouver — Artificially high power prices brought on by an energy shortage in the U.S. battered the bottom line of Teck Cominco (TEK-T) in the second quarter.The world’s largest zinc miner earned $8…