Pechiney bolsters global aluminum production
Paris-based Aluminum giant Pechiney has won several production contracts, which will boost capacity at several major smelters.Output at Aluminum Bahrain, in Alba, will be increased by 308,000 tons. At…
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AngloGold, unions ink AIDS deal
South African-based AngloGold and five labour unions have signed an agreement to minimize the impact of HIV/AIDS in the workplace.The unions include the National Union of Mineworkers, MWU Solidarity, …
Mining charter ‘unacceptable’ says Anglo
The South African government’s Minerals and Petroleum Resources Development Bill would see black-controlled businesses own 51% of all new mines in the country within 10 years, an arrangement Anglo Ame…
Anglo ups Vanguardia stake
South African giant AngloGold (AU-N) has doubled to 92.5% its stake in the Cerro Vanguardia mine in Argentina’s Santa Cruz province, snapping up Perez Companc International’s 46.25% holding for US$90 …
Axmin finds gold at Passendro
Following a campaign of rotary air blast (RAB) drilling at its Bambari property in the Central African Republic, Axmin (AXM-V) has confirmed mineralization along the strike extension of its Passendro …
Goldcorp coasts at Red Lake mine
Thanks in part to stronger bullion prices, Goldcorp (G-T) kept a steady financial hand during the second quarter.Net earnings rang in at just under US$14 million (or 8 per share) on revenue of US$47 …
Slumping gold weighs down Venture exchange
Vancouver — Investors shied away from Canada’s junior exchange as the S&P composite index continued its bumpy slide over the week ended July 30. The TSX Venture Exchange shed 32.83 points, or 3.13% o…
Proposals sink SA shares
The stocks of South African-based miners headed south during the report period ended July 30 as political risk made a stark reappearance.In a document leaked to a Johannesburg-based web site in late J…
Nine miners survive underground ordeal
Nine men were rescued without serious injury after spending 77 hours trapped in a water-filled stope of an underground coal mine in Pennsylvania, 90 km southeast of Pittsburgh.As much as 225,000 cubic…
Exchange Rates (August 05, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 30July 29July 26July 25July 24US$ in C$1.57311.57221.58651.5…
Artemisia proves low-grade with lack of big stones (August 05, 2002)
The results of a mini-bulk drill sample from Artemisia, one of the promising kimberlites Ashton Mining of Canada (ACA-T) discovered last fall in the Coronation Gulf region of Nunavut, indicate that th…
PEOPLE (August 05, 2002)
Alcoa — Russell Porter appointed VP and deputy general counsel.Anglo American — Mark Moody-Stuart appointed chairman.Apollo Gold — G.W. Thompson appointed non-executive chairman of the…