Falconbridge ends 2001 on sour note
Weak metal markets kept Falconbridge (FL-T) firmly in the red during the final three months of 2001, but not deep enough to erase profits made earlier in the year.Falconbridge squeaked by last year wi…
BHP Billiton
Ekati diamond raffle will benefit children’s hospital
Vancouver — A diamond from the Ekati mine in the Northwest Territories will be raffled to raise money for Vancouver’s British Columbia Children’s Hospital.The raffle is part of the Mining for Miracle…
Phelps Dodge bleeds red
The world’s second-biggest copper producer, U.S.-based Phelps Dodge, was the newsmaker of the week as it posted a US$275-million loss in 2001 on revenue of US$4 billion, compared with US$29 million ea…
Mongolian copper-gold find returns hot intercept
The latest drill results from the Turquoise Ridge copper-gold porphyry discovery in southern Mongolia show that the Southwest Oyu zone has high grades and considerable size potential, prompting Ivanho…
Investment Commentary — Best bets for 2002, Part 2
The Northern Miner asked five market watchers of the junior mining and exploration sector to offer recommendations and opinions for the year ahead. In the previous issue, we heard from John Kaiser of …
Mixed week in US trading
In the face of declining base and precious metals, a number of U.S.-listed mining majors still managed to trade higher over the report period, as investors showed interest in old-economy cyclicals.BHP…
Investment Commentary — Best bets for 2002
The Northern Miner asked five market watchers of the junior mining and exploration sector for their top picks and opinions for the year ahead. This week we talked with John Kaiser, publisher of the Ka…
Alcoa posts first quarterly loss in eight years
Alcoa was the first out of the blocks among the majors in 2002 with its quarterly financials, and the results were less than stellar.Suffering a special after tax-charge of US$241 million (US28 per s…
Majescor raises funds to explore in Quebec
With diamond fever gripping Quebec, Majescor Resources (MAJ-V) has raised $900,000 from two private placements brokered by Dundee Securities.The private placements grossed $500,000 from the sale of 83…
Merger mania grips mining industry in 2001
Against a rather grim backdrop that included an American economy slipping into recession, worldwide commodity deflation and a new war on terrorism, the big story in 2001 for the North American mining …
Otish Mountains diamond play heats up
Confirmation that two “kimberlitic” discoveries in the Otish Mountains region of north-central Quebec are diamondiferous has focused attention on the area.Prior to the Christmas holidays, Ashton Minin…
MAC cited for reporting standards
The Mining Association of Canada (MAC) has been cited for its high standards in reporting on the industry’s reduction of greenhouse gas (GHG) emissions.The acknowledgment was made by the Ottawa-based …