Eldorado boosts La Colorada tonnage
Development drilling at La Colorada mine property near Hermosillo, Mexico, is proving successful for owner Eldorado (TSE). The proven and probable mineral resource is now estimated at 12 million tons …
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Metall on road to recovery
Three factors — higher metal prices, production from two new mines, and the purchase of an interest in a smelter — helped strengthen Metall Mining’s (TSE) performance in the third quarter. The compa…
Derivatives revolutionize gold markets, says author
Timothy Green, author of The World of Gold, has kept a close eye on gold markets for much of the past three decades. That was a relatively easy task years ago, he says, when it was a straightforward p…
Thunderwood explores Buchans
Geophysical and soil geochemical surveys are in progress on the Buchans base metal property in west-central Newfoundland. Current owner Thunderwood Resources (TSE) reports that the property hosted the…
Santa Fe acquires Bob Creek play
New York-listed Santa Fe Pacific Gold is set to acquire the Bob Creek gold property in Nevada’s Eureka Cty. To do so, it must spend at least US$150,000 on exploration over the next 12 months, and prog…
Inco advances McCreedy East
Nickel giant Inco (TSE) is moving ahead with plans to advance McCreedy East, its largest undeveloped nickel-copper deposit in Ontario’s Sudbury Basin, to the production stage. The first phase of devel…
EDITORIAL PAGE — Babbitt and the American Dream
U.S. Interior Secretary Bruce Babbitt has been a vocal critic of the 1872 Mining Law on the grounds that the statute allows mining companies (even foreign ones) to buy government land for a mere US$5 …
ODDS’N’SODS — DC-3 airplane served its northern owner well
The DC-3 airplane emerged from the Second World War as a fitting work-horse and as a useful machine for the years of civilian development that followed. Time would see this marvelous craft straddling …
Funds available for granite plant
Ontario government funding totaling $1.2 million has been awarded to Malette Granite of Iroquois Falls to help establish a granite processing plant and to hire and train employees. A $500,000 term loa…
Joint project studies phenomenon of rockbursts
For centuries, one of the biggest dangers in mining has stemmed from the potential instability of the openings in which miners work. Often, the collapse of these structures is attributed to a phenomen…
Fleming named TSE president
The Toronto Stock Exchange (TSE) has named Rowland Fleming as its new president and chief executive officer (CEO). Fleming, 51, becomes the exchange’s 60th president in its 133-year history, succeedin…
AMC, NCA plan to join forces
A pair of lobbying groups in the U.S. — the American Mining Congress (AMC) and the National Coal Association (NCA) — plan to merge. Named to head the new mining organization is Richard Lawson, who i…