Inmet Mining (IMN-T) has signed an agreement with Noranda (NRD-T) whereby either company can initiate the sale of Inmet’s 3.3% net proceeds interest in the Antamina zinc-copper mine in Peru.Inmet’s pu…
De Beers saw its profits halved in 2001 as the global economic downturn took its toll on rough diamond sales.The major’s core business is the mining and marketing of rough gem diamonds. Hampered by th…
It’s annual-report season, and given the difficult trading conditions of late, it isn’t surprising that many companies are reporting mixed results. What is cause for concern, however, is that most min…
Vancouver — Faced with an oversupply of zinc on the world market, Teck Cominco (TEK-T) plans to trim production by 55,000 tonnes in 2002.The Cajamarquilla zinc refinery in Peru, owned 82% by the majo…
BHP Billiton (BHP-N) is closing the Tower coal mine in New South Wales, Australia, as part of an ongoing effort to cut costsTower is one of four underground mines that constitute the Illawarra operati…
The volume leader among all the miners during the report period was Newmont Mining, which finally won control of both Normandy Mining and Franco-Nevada Mining, making it the the world’s largest gold m…
A small surface sample of kimberlite float and outcrop collected by Ashton Mining of Canada (ACA-T) from the promising Artemisia kimberlite pipe discovered last fall on the Kim property in Nunavut has…
Robert Friedland’s Ivanhoe Mines (IVN-T) has assumed 100% ownership of the Turquoise Hill copper-gold project in southern Mongolia after completing its earn-in obligations by spending US$3 million on …
Nosediving 50% to US35, Kaiser Aluminum won the flameout-of-the-week award by filing for bankruptcy protection and obtaining US$300 million in debtor-in-possession financing from the Bank of America….
Buoyed by operating earnings from all three of its mines, Inmet Mining (IMN-T) closed the year with a net profit of $18.9 million (44 per share) on revenue of $106.8 million.The figure was a substant…
Two years after being forced to shelve it, Orvana Minerals (ORV-T) has raised enough funds to advance its small but high-grade Don Mario gold-silver deposit.In the heyday of 1996, Orvana added the Bol…
The geology and geochemistry of Minotaur Resources’ discovery hole at a large gravity anomaly in the Mt. Woods area of South Australia suggests Olympic Dam-style mineralization and the makings of a po…
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