Conference to cover global investing
A conference examining the opportunities and pitfalls of international mining operations will be held Oct. 26-27 in London, England.The event, titled “Global Emerging Markets,” will include such topic…
News
EDITORIAL — Tobin tells miners, ‘my way or the highway’ — Rat pack tactics
Planning to explore for minerals in Newfoundland or Labrador? If you find something big, be prepared to butt heads with Brian Tobin, rat pack premier of The Rock and environs, fearless defender of the…
Sunshine Mining boosts reserves at Pirquitas
Drilling by Sunshine Mining & Refining (SSC-N) has expanded, by nearly 50%, the size of the Pirquitas silver-tin deposit in northern Argentina.The company completed 37,000 ft. of a planned 66,000 ft.,…
SUPPLIERS NEWS ROUNDUP — SNC takes Pakistani government to court
An affiliate of Montreal-based engineering firm SNC-Lavalin is taking the government of Pakistan to court for cancelling a contract to develop a power station in the country.SNC-Lavalin committed to t…
GREATEST VALUE TRADED, July 22-28
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Avalon, Westview partners at Dubenski
Juniors Consolidated Westview Resources (CWS-V) and Avalon Ventures (AVL-V) will jointly explore three of the latter’s gold properties in northwestern Ontario.The companies signed a letter-of-intent g…
Nar, Falco expand VMS targets in Zimbabwe
Toronto-based Nar Resources (NRL-M), which has been funding a polymetallic exploration program operated by Falconbridge (FL-T) in Zimbabwe, has announced an expanded work program for the Maramba proje…
Smooth sailing at Freeport’s Grasberg
By expanding one of its concentrators, Freeport-McMoRan Copper & Gold (FCX-N) has achieved record throughput levels at the Grasberg copper-gold mine in Irian Jaya, Indonesia.The company, through 85%-o…
Inmet Mining returning to profitability
Restructuring has paid off in higher second-quarter earnings for troubled base metal miner Inmet Mining (IMN-T), which posted a profit of $25.2 million for the three months ended June 30.The company e…
FACTS ‘N’ FIGURES — The rise of gold swaps
The launch of the European Central Bank in July and the approach of European monetary union raise a number of interesting possibilities for gold in the official sector. At the same time, the lack of t…
Placer emergency team helps with cleanup in PNG
An emergency services team from Placer Dome’s 50%-owned Porgera gold mine will remain in the Aitape region on the northern coast of Papua New Guinea to aid victims of tidal waves that destroyed four v…
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — First Dynasty grants options to seven execs
Reports released by the Ontario Securities Commission show that seven directors of First Dynasty Mines (FDM-T) were granted options in June.Marcus Randolph acquired 395,000 options at 20 cents to hold…