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 …
Vale S.A.
CVRD, Codelco in talks
Chilean state copper enterprise Codelco and privatized Brazilian miner Companhia Vale do Rio Doce (CVRD) (RIO.PR-N) are negotiating to form a joint copper-producing venture in the Americas.CVRD, the l…
Eldorado eyes Brumal property
Vancouver — Eldorado Gold (ELD-T) has inked a deal to acquire the Brumal property in the Brazil’s Minas Gerais state. The property is near the company’s Sao Bento operation, where infrastructure is a…
CVRD eyes copper in Brazil (November 05, 2001)
Vancouver — Companhia Vale do Rio Doce (CVRD) has inked a US$42.5-million deal with Phelps Dodge (PD-N) to pick up the half-stake it does not already own in the Sossego copper-gold property in north-…
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…
Energy costs, environmental liabilities hurt Phelps Dodge
Denver — Higher energy costs forced Phelps Dodge (PD-N) to post a first-quarter loss of US$14.7 million (or 19 per share) before a pretax, non-recurring gain of US$28.9 million.The pretax gain came …
CVRD focuses on mining
Denver — Brazil’s iron-ore giant Companhia Vale do Rio Doce (RIO-N) has sold its interest in steelmaker Companhia Siderurgica Nacional (SID-N) in order to focus on its mining and transportation busin…
Trade war affects mining The march of folly
This newspaper really missed the Brazilian Ministry of Mines and Energy at the recent annual convention of the Prospectors & Developers Association of Canada, and not merely because we felt the absenc…
Projects vie for attention at convention
More than 6,500 delegates from throughout the world descended on Toronto in mid-March for the 1999 Prospectors & Developers Association of Canada (PDAC) convention. While international projects clearl…
LATIN AMERICA — Legal reforms put Brazil on mining fast track
Although Brazil is touted as the most geologically diverse and prospective mineral region in Latin America, it has only recently begun to attract the foreign investment necessary to elevate it what go…
Companies (January 12, 1998)
Agarwal ResourcesAlta GoldAmax GoldAmerica Mineral FieldsAnglo AmericanArchangel DiamondAur ResourcesBelvedere ResourcesBolidenBre-X MineralsBYG Natural ResourcesCanarc ResourceCompanhia Vale do Rio D…
Scoping study says Golden Star needs more ounces
Through a scoping study prepared by independent consultants, Golden Star Resources (GSC-T) has determined that the Andorinhas gold project in Brazil could not support a 1,000 tonne-per-day underground…