Sherritt posts record earnings
Buoyant nickel and oil prices combined with strong operational performance allowed Sherritt International (s-t) to post record earnings for 1999.Net earnings in 1999 were $66.6 million (or 60 per res…
News
Lakota nails down properties
While larger rivals are concentrating on bringing advanced projects to production, junior Lakota Resources (LAKO-C) has assembled a large land package for early-stage exploration in the Lake Victoria …
Asquith, Axmin cut gold zones in CAR
Drilling by Asquith Resources (ASQH-C) and privately held exploration company Axmin has intersected gold mineralization at the former’s Roandji property in the Central African Republic.The drilling, w…
Kudos for Klein, Harris
The howls of outrage which greeted the recent decisions of Ontario and Alberta to fund new post-secondary programs that focus on practical skills rather than liberal arts were not unexpected. Similar …
MEETINGS (March 13, 2000)
March 14 Tapajos — annual, specialMarch 15 Flame Petro — general, extraordinaryMarch 15 Twin Gold — annualMarch 16 Blue Desert. — annual, specialMarch 16…
Minera Andes hits bonanza grade
A 14-hole program of reverse-circulation drilling has intersected bonanza-grade mineralization at the Pluma/Cerro Saavadra gold property in Argentina’s Santa Cruz province.Minera Andes (MAI-V) reports…
Metal Prices (March 13, 2000)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateMar. 7Mar. 6Mar. 3Mar. 2…
Deal paves way for Diavik diamond mine
Vancouver — An agreement has been reached among local native leaders, the federal government and Diavik Diamond Mines regarding the environmental reclamation bond and other land-use issues affecting …
Grupo Mexico increases production
The acquisition of Asarco enabled Grupo Mexico to boost its copper output in 1999, whereas zinc and silver production were lower than in the previous year.Copper production reached 495,723 tonnes, inc…
Fortune heads back to Mazenod Lake
Fortune Minerals (FT-T) has inked a contract for a 4,900-metre drilling program at its Nico polymetallic project in the Northwest Territories, and expects to have a revised resource estimate on the pr…
West takes East back to school in MM2000 contest
Team West beat Team East 11-0 in a friendly hockey game for industry professionals held during the Mining Millennium 2000 convention in Toronto.Tom Schroeter, Western squad captain and geologist at th…
500 jobs lost as Quintette Coal shuts down
Plagued by dropping coal prices and high production costs, Quintette Coal and Teck have decided to close the Quintette coal mine, near Tumbler Ridge, B.C.The announcement comes less than three months …