US copper consumption dips in 2001
For the first time in five years, domestic consumption of copper and copper alloy mill products did not reach a record high.The 2001 level of domestic use totalled 8.2 billion lbs., a 15.5% decrease f…
News
Higher premiums almost close coal mine
More than 100 jobs at a U.K. coal mine have been saved following a last-minute deal to secure insurance coverage.More than 80 workers out of a total of 110 at the Betws coal mine, in Ammmanford, Carma…
Carnage continues in China
Rescue teams in China have recovered the bodies of 10 workers killed in a gas explosion at a coal mine in the northeastern province of Heilongjiang.Officials at the mine, near the city of Jixi in nort…
Economics papers receive awards
The Houghton, Mich.-based Mineral Economics and Management Society has presented two awards for papers written by graduate students on the topic of mineral economics.First prize of US$1,000 was presen…
PEOPLE (August 26, 2002)
Emgold — William Witte appointed president and CEO.Falconbridge — Michael Doolan appointed VP and CFO.Golden Phoenix — Ronald Parratt appointed director.Jilbey Enterprises…
Slave battle heads to courts
A dispute between joint-venture partners Ashton Mining of Canada (ACA-T) and Pure Gold Minerals (PUG-T) over the Slave Regional project is headed for the courts.Ashton filed a statement of defence and…
Drills turn at Poste Lemoyne (August 26, 2002)
Equal partners Virginia Gold Mines (VIA-T) and TWG Corp. (GWC-V) have begun a 19-hole drilling campaign on their Poste Lemoyne gold project in the James Bay area of northwestern Quebec.The program is …
Northern Miner Indices (August 26, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T23.2%CamecoCCO-T3.2%FalconbridgeFL-T5.2%Freeport BFCX.B-N5.8%GoldcorpG-T4.2%IncoN-T9.2%Meridian GoldMNG-T2.8%Newmont MiningNE…
Rubicon drills two projects
Vancouver — Rubicon Minerals (RMX-V) will begin drilling at its Golden Promise project, near Badger, Nfld.The company recently discovered a gold-bearing quartz vein, dubbed the Jacqueline zone, in an…
Exchange Rates (August 26, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 20Aug. 19Aug. 16Aug. 15Aug. 14US$ in C$1.57151.57101.56011.5…
Placer extends Aurion offer
Placer Dome (PDG-T), now with more than 31% of AurionGold’s shares, has again extended its unconditional final bid.Placer’s offer of 17.5 of its own shares for every 100 AurionGold shares plus A35 ca…
TVX posts improved earnings (August 26, 2002)
Buoyed by a higher gold price and a US$1.2-million gain on the sale of its residual interest in the Casa Berardi mine in northwestern Que., Toronto-based TVX Gold (TVX-T) posted improved second-quarte…