News

Goldcorp fattens nest egg

Goldcorp (G-T) saw its second-quarter earnings nearly halved to US$9.2 million as the company withheld a third of its production to rebuild its bullion hoard.



In eastern Turkey, analysts stroll by the headframe of the Cayeli copper-zinc mine, which produced 8,100 tonnes copper and 10,000 tonnes zinc in the second quarter. Inmet Mining owns 55% of the mine and is making a bid for the remaining interest.

Inmet successful in Cayeli bidding (August 02, 2004)

Inmet Mining (IMN-T) moved a step closer to consolidating ownership in its wheelhorse Cayeli copper-zinc mine in eastern Turkey, emerging as the preferred bidder in a tender process by the Turkish government.




KEGS Foundation awards 7 scholarships

The directors of the KEGS Foundation, an offshoot of the Canadian Exploration Geophysicists Society, have awarded scholarships to seven undergraduate students in geophysics at four Canadian universities.


Drilling by Stikine hits ‘marker’ horizon

Vancouver — Deep drilling by Stikine Gold (SKY-V) at its Sullivan Deeps project, 4 km north of the Sullivan lead-zinc mine in southeastern British Columbia, has intersected an important geological “marker” horizon.


Lax safety standards cause death: report

A report from the U.S. Mine Safety and Health Administration says sloppy safety practices contributed to the death of Gary Keeton, 57, at the No. 7 coal mine in Brookwood, Ala. The mine is operated by Jim Walter Resources, a subsidiary of Tampa, F…


Dia Bras options Mexican project

Vancouver — Through an option agreement, Montreal-based Dia Bras Exploration (DIB-V) can acquire the Promontorio gold-silver-copper property in northern Mexico by paying US$3 million in cash over five years.


UN says Congo mine poses health risk

United Nations investigators say illicit mining at the Shinkolobwe uranium mine in east Congo is putting thousands of locals at risk of contracting cancer because of high radiation levels. They also warn that the nuclear ore, if left unpoliced, co…


Alcoa boosts output at smelter

Alcoa Aluminio, a wholly owned Brazilian subsidiary of Pittsburgh-based Alcoa, plans to boost its share of aluminum capacity by 30%, or 63,000 tonnes per year, at the Sao Luis (Alumar) aluminum smelter in Brazil.


Solid grades at Sa Perrima

Vancouver — Drill core from the Sa Perrima deposit at the Furtei property on the island of Sardinia has yielded encouraging grades, and results suggest the high-grade mineralization is open to the north.


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