NAME CHANGES (April 29, 2002)
Battlefield Mineral (BFM-V) has changed its name to BM Diamondcorp (BDI-V) on a 1-new-for-7-old-share basis.Consolidated Logan Mines (CKO-V) has changed its name to Logan Resources…
News
Research for the masses
Last week we examined the unhappy case of Merrill Lynch, which is now the subject of an inquiry by New York State securities regulators and prosecutors. Evidence presented by the state has called the …
Silver output soars for Coeur
Vancouver — Production from both the newly commissioned Cerro Bayo mine in Chile and the recently acquired Martha mine in Argentina has Coeur d’Alene Mines (CDE-N) set to increase silver output by 50…
Mining suppliers honoured
The Global Traders Awards recently honoured three mining supply firms and a national export trade association at a ceremony in North Bay, Ont. The awards recognize excellence in exporting.Bonfield, On…
Noranda launches automation marketing company
Noranda has formed a company called SIAMtec (Systeme Integre d’automatisation Miniere) to market its mining automation technologies. The launch coincided with Quebec Mining Week.Noranda will own 75% o…
Gold price fortifies Placer’s quarter
Vancouver — Higher gold prices and lower cash costs propelled Placer Dome (PDG-T) to a healthy profit in the first quarter of 2002, despite an 8% drop in production.The major earned US$43 million (or…
Nickel flexes muscles
Base metals prices staged a technical rally that soon ran out of steam during the report period April 15-19. For the time being, price action in copper, gold and zinc appears to be taking place betwee…
Future bleak for Appalachian coal
Coal provides more than half of the electrical energy needs for the U.S. For more than three centuries, coal has been mined in the Appalachian Basin, one of the most prolific coal-producing regions in…
PEOPLE (April 29, 2002)
Cons. Thompson-Lundmark — John Paterson appointed director.European Goldfields — Lawrence Kornze appointed director.Glencairn — Peter Tredger appointed director.Manhattan M…
DRC starts drilling at Afton
Vancouver — DRC Resources (DRC-V) has begun a drill program at the Afton mine property, near Kamloops, B.C.Initially, the drilling will try to extend the Afton Main zone toward the surface. The Main …
DRC settles with Banro
Banro (YBE-V) has acquired a 100% interest in four gold deposits in the Democratic Republic of Congo. Under the agreement, the DRC government retains 100% of the tin assets.The properties, known as Tw…
Ashton finds kimberlite in Coronation Gulf
Ashton Mining of Canada (ACA-T) has found a new kimberlite exposed in outcrop on the Kim property in the north Slave region of Nunavut.The newly dubbed Thrift kimberlite was found in outcrop and float…