Union rejects Goldcorp offer
Workers at the Red Lake mine in northern Ontario have rejected Goldcorp’s (G-T) latest offer, prolonging a strike that is now in its third year.The company had offered a termination provision, includi…
News
Hedge books worry Ashanti, Cambior
The well-publicized troubles of Ashanti Goldfields (ASL-N), whose hedge book reached a negative paper value of US$450 million early this month, appear to be easing as the potential loss shrinks. Ashan…
Hatch funds U of T chair
Toronto-based consulting firm Hatch has donated $1 million to the University of Toronto to create management programs for the communications and technology industries.The Hatch Chair in Technology and…
Dynacor increases Acari production
Dynacor Mines (DYN-M) has responded to improved gold prices by increasing production at the Acari mine in Peru.The company can increase its interest to 80% from 70% by spending US$263,788. During the …
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Western markets slide along with bigger brothers
The merging of the Vancouver and Alberta Stock Exchanges into the Canadian Venture Exchange (CDNX) is set for Nov. 29 and will include nearly 2,500 listings from the ASE and VSE. Listings from the Mon…
Eldorado tables estimate for Kisladag gold project
With its 1999 drill program now complete, Eldorado Gold (ELD-T) has tabled an initial resource calculation for its wholly owned Kisladag project in western Turkey.The measured and indicated resource i…
TVX revises study
Undaunted by environmental and ownership issues, TVX Gold (TVX-T) has completed a revised bankable feasibility study for its Olympias polymetallic project on the Kasandra property in Greece.Olympias, …
Wheaton River soars to new heights in latest quarter
Wheaton River Minerals (WRM-T) has returned to profitability following a sluggish start at the beginning of the year.For the nine months ended Sept. 30, the junior miner earned a record $8.4 million (…
ODDS ‘N’ SODS: Mastering metallurgy
A great deal has been written about mining exploration and operations, but little about the metallurgy of deposits. The silent partner at mines is often the metallurgist, whose business has sometimes …
WSGS identifies kimberlite
Mapping by the Wyoming State Geological Survey (WSGS) has defined more kimberlite occurrences in the Iron Mountain district, 35 miles northwest of Cheyenne.The kimberlite field has been tested for mor…
Russian diamond miner reports profits, new mines
In an attempt to consolidate its position in northwestern Russia’s diamond camp, Almazy Rossii-Sakha (Alrosa), the country’s largest producer, will boost output at some of its open-pit operations and …
LETTER TO THE EDITOR — Bill C-48 jeopardizes marine resources
Bill C-48 proposes to create marine parks in Canadian waters and will affect access to fishing, hydrocarbons and minerals in our seas. It died during the last session in Ottawa but reportedly is about…