Phelps Dodge trims losses (July 28, 2003)
Vancouver The World’s second largest copper producer made it nine consecutive quarters without a profit by tallyi…
News
Atna adopts mostly-gold strategy
Elko, Nev. — After years of trying to develop a string of base metal projects, Atna Resources (ATN-T) has reinvented itself as a gold explorer in Nevada’s Carlin trend.The company had tried to fund e…
Diamonds North targets Victoria Island (July 28, 2003)
Diamonds North Resources (DDN-V) has returned to Victoria Island in Nunavut, hoping to build on last year’s diamond exploration program, in which 11 kimberlite bodies and showings were found.This year…
Editorial Cartoon (July 28, 2003)
Metals Commentary: Restarts augur well for copper
(The following excerpt from The Commodity Refiner, a monthly publication of Barclays Capital Research, provides an overview of current copper and lead markets.)The outlook for global copper supplies i…
The Northern Miner Indices (July 28, 2003)
North American Mining: 77.69 (+3.53)Small Producers: 74.77 (+2.99)(Sept. 30/98 = 100)…
The diamond war
With an American expeditionary force waiting offshore, and a body of Nigerian troops ready to move into Monrovia, the Liberian civil war may at last be reaching its end-game.In recent weeks there has …
Band-Ore tests Thorne anomalies
Drilling by Band-Ore Resources (BAN-T) has returned more anomalous values from the Thorne gold project near Timmins, Ont.The Burlington-based junior recently sank 12 holes to follow up on an earlier c…
Amerigo closes Chilean copper deal
Vancouver-based junior Amerigo Resources (ARG-V) has acquired Chilean copper producer Minera Valle Central (MVC) for US$20 million.Amerigo paid US$16.6 million on closing; the balance is due in 3-5 ye…
Lassonde to head Quebec conference
Pierre Lassonde, president of Newmont Mining and arguably the most successful Quebec native in the gold industry, will be the honourary president of the inaugural Quebec Exploration 2003 conference, t…
Suppliers Roundup (July 28, 2003)
Aussie miner buys concentratorGiants Reef Mining, based in Western Australia, has purchased a Knelson concentrator built by Australian engineering firm ConSep, under licence by Langley, B.C.-based Kne…
Noranda faces pension suit
A class action suit against Toronto-based Noranda will proceed after a Quebec Superior Court authorized legal action in a disagreement over interpretations of the company’s pension plan.Montreal law f…