Fukuda to leave WGC
Haruko Fukuda, chief executive of the World Gold Council, will leave the London-based organization in late June.Fukuda assumed the post in 1999, just as the British government announced it would sell …
Articles by Northern Miner Staff
New e-mail for TNM (May 20, 2002)
The Northern Miner’s editorial department has a new e-mail address: tnm@northernminer.comFor circulation inquiries, please contact us at…
Metals markets stay focused on fundamentals
There has been a clear split in metals price movements during the report period May 6-10 as copper and nickel held on to higher levels, while aluminum and zinc fell sharply. This is evidence of a grea…
Low copper prices dent Codelco’s bottom line (May 20, 2002)
Vancouver — Low prices caused the world’s largest copper producer, Corporacion Nacional del Cobre de Chile (Codelco), to suffer a 37% plunge in profits in the first quarter.The company, wholly owned …
Foxpoint fires up Macassa
Foxpoint Resources (FPR-V) has resumed gold production at the Macassa mill in Kirkland Lake, Ont.On a daily basis, the mill is running through 1,100 tons of tailings from the Lakeshore property. The t…
Concentrator boosts PGM output at Lac des les
With the new concentrator at its Lac des les mine in Ontario nearing capacity, North American Palladium (PDL-T) almost tripled production during the first quarter.The concentrator received more than …
Rhonda perseveres at Coronation Gulf
Rhonda (RDM-V) is encouraged by results from glacial till sampling at the Inulik property in the north Slave Craton region of Nunavut.Two samples, 1.4 km apart, returned kimberlite indicator mineral c…
Kemess heads to mediation
About 300 unionized production and maintenance workers at Northgate Exploration’s (NGX-T) Kemess South gold-copper mine in British Columbia have rejected a recently negotiated 3-year collective agreem…
Trading Summary (May 17, 2002)
The S&P/TSX Composite Index slipped 11.08 points to finish the week off at 7,727.03 points. The Gold Index was the…
Moneta busy at Golden Highway
Moneta Porcupine Mines (ME-T) has cranked up exploration on its Golden Highway project on the Destor Porcupine faul…
Writedowns sink Ivanhoe in 2001
Ivanhoe Mines (IVN-T) ended 2001 with a net loss of US$85 million thanks to US$59.2 million in writedowns on its ir…
Anglo’s Zambian exit draws nearer
The government of Zambia said on Friday that it had agreed to a basic framework for the exit of Anglo American (AAU…