Market slide cut short by tragedy
Denver — Bombing of the World Trade Center in New York on Sept. 11 halted trading among financial markets already battered by bad economic news. The Dow Jones industrial average fell 391.98 points (4…
BHP Billiton
P&H joins CMTE
P&H MinePro Services has been made a member of the Co-operative Research Centre for Mining Technology and Equipment (CMTE). Both are based in Brisbane, Australia.The CMTE, established under the Austra…
Dow dips below 10,000 mark
Denver — Growing market pessimism pushed the Dow Jones industrial average below the 10,000 mark, down 224.54 points, or 2.2%, to 9997.49 points during the report period ended Sept. 4. The Nasdaq drop…
Hunt heats up in Quebec
Ashton Mining of Canada (ACA-T) is preparing to drill-test several targets this fall at its Otish Mountains joint-venture project in north-central Quebec.Ashton flew a geophysical survey over the Otis…
Placer’s Cristinas deal stirs up controversy
Although trading volumes were low during the holiday-shortened report period of Aug. 1-7, there were nonetheless several developments in the Canadian mining scene.Reuters reported that Venezuelan stat…
Tri Origin starts program Rex changes accounting policy
Tri Origin Exploration (TOE-V) is testing the Kazan copper-gold project 70 km south of Baker Lake in Nunavut, for its potential to host copper-gold deposits similar to Australia’s famous Olympic Dam m…
Ivanhoe accelerates Mongolian exploration
Impressed by results to date, Ivanhoe Mines (IVN-T) has decided to drill another 16,000 metres at its Turquoise Hill copper-gold porphyry project in southern Mongolia.Situated 560 km south of the capi…
BHP Billiton, Corriente form alliance
Last year, Corriente Resources (CTQ-T) teamed up with Lowell Mineral Exploration and Billiton to explore porphyry copper projects in southern Ecuador. Now Corriente has joined forces with newly create…
Teck’s profit hit by lower prices
A sharp drop in the price of power, combined with downward-spiraling metal prices, had a negative impact on Teck’s (TEK-T) second-quarter results.The company, which, as a result of its recent merger w…
Old Rio mines bolster BHP-Billiton
Added production from mines acquired in the Rio Algom takeover nudged BHP-Billiton’s (BHP-N) copper production past the 1-million-tonne mark for the fiscal year ended June 30.The newly merged miner’s …
Gold miners take a beating
Denver — The Dow Jones industrial average climbed 281.69 points, or 2.8%, during the report period ended July 31 to close at 10,522.81, while spot gold on the Comex division of the New York Mercantil…
Rio narrows gap with Anglo
Rio Tinto continues to gain ground on Anglo American in its quest for first place among global mining companies, as ranked by the Raw Materials Group in Who Owns Who in Mining 2001.The U.K.-based tita…