High grades at River Valley
Vancouver — Results from an ongoing 11,000-metre drill program by Pacific North West Capital (PFN-V) continue to show high-grade zones within a broad envelope of lower-grade mineralization at the Riv…
News
Port Colborne residents sue Inco
A group of residents from Port Colborne, Ont., have filed a class-action lawsuit against Inco (N-T), the Ontario Ministry of the Environment, the region of Niagara, the city of Port Colborne and the c…
Writedowns cut into Geomaque’s year
Non-cash writedowns forced Geomaque Explorations (GEO-T) to post a loss of US$13.6 million (or US25 per share) for 2000.The writedowns resulted from reductions in the carrying value of the Vueltas de…
LME Warehouse Levels (April 02, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 27/01 (change from March 20 in brackets):Aluminium476800(-1000)…
Seahawk tables resource
Vancouver — The Piteiras emerald prospect in eastern Brazil contains 789,000 tonnes grading 112 carats per tonne, according to an independent estimate.Denver-based Seahawk Minerals (SKM-V) reports th…
Rio sells North’s forestry assets
Denver — Rio Tinto (RTP-N) has unloaded a forestry products subsidiary onto a Tasmanian company for A$335 million in cash, which could be used to sweeten the bid for the Labrador Iron Ore Royalty Inc…
Phelps Dodge slashes output
Denver — As anticipated, Phelps Dodge (PD-N) will cut copper production at operations in New Mexico and Arizona in response to higher energy costs.Most of the cutbacks will occur at the Chino operati…
Feasibility complete at Ntotoroso
Equal partners Moydow Mines International and Normandy Mining (NDY-T) have completed a feasibility study at their Ntotoroso gold property in Ghana.Prepared by Perth, Australia-based Lycopodium, the st…
Taseko considers refinery for Gibraltar
Preliminary results from pilot-plant metallurgical tests have prompted Taseko Mines (TKO-V) to proceed with a feasibility study for a copper refinery that could revive the dormant Gibraltar copper min…
Cambior’s losses shrink
Emerging from a long period of restructuring, Cambior (CBJ-T) has significantly reduced the amount of red ink on its earnings statement.For the year ended Dec. 31, 2000, Cambior’s net loss was US$81.6…
National Gold closes Salamandra deal
Vancouver — Having made the initial $250,000 payment required for the purchase of the Salamandra gold property in Mexico, National Gold (NGT-V) must now raise $3.6 million by Aug. 30.The junior took …
A call for tax reform
COMMENTARY/GUY DUFRESNEMore government involvement is needed to spur investment in mineral exploration in Canada, according to Guy Dufresne, chairman of the Mining Association of Canada.Speaking at th…