News






Mind-blowing holes at Grasberg

By far the most impressive exploration drill results tabled during the report period ended May 4 came from Freeport-McMoRan Copper & Gold‘s “Deep MLZ” underground target, which represents the deepest extensions below the DOZ und…


Higher costs erode Placer Dome’s profits

Vancouver — Higher production costs, brought about by continued appreciation of foreign currencies against the U.S. dollar, trimmed Placer Dome‘s (PDG-T) profits in the first quarter.


Open-pit vs. underground mining

The following is an excerpt from the ninth edition of Mining Explained, published by The Northern Miner. The book sells for $30 plus $3 for shipping and is available by calling 1-800-668-2374. E-mail:

Sunridge cuts high-grade copper at Debarwa

Vancouver — Drilling by Sunridge Gold (SGC-V) has intersected high-grade copper at the Asmara volcanogenic massive-sulphide project in the northeast African state of Eritrea.


Met tests add up for Calcatreu

Results from metallurgical tests indicate high recovery rates at Aquiline Resources‘ (AQI-V) Calcatreu gold-silver project in Argentina’s Rio Negro province.


Alcan to chop jobs (May 10, 2004)

Aluminum giant Alcan will slash 277 jobs at the Paris headquarters of Pechiney, with which it recently merged. The move is designed to ensure the Montreal-based company meets its target of saving US$350 million annually by the end of 2005.


People (May 10, 2004)

Alcoa — Hronn Petursdottir appointed human resources and community relations manager at Fjardaal in Iceland.


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