Codelco defines copper cuts (January 07, 2002)
Vancouver — The world’s largest copper producer, Corporacion Nacional del Cobre de Chile (Codelco), plans to cut production by 4% in 2002.The Chilean state-owned entity aims to trim 11,300 tons of pr…
Noranda Inc
Antamina opening highlight of 2001
Vancouver — Despite the lacklustre performance of commodity prices and a weakening of the global economy, the mining sector put several mines into production and managed to expand some current operat…
Grassroots mineral exploration withered in past year
In 2001, metal prices fell to some of the worst levels ever, so junior explorers can be forgiven if virtually the only thing they developed in 2001 was the blues.New venture capital all but dried up, …
Noranda-Virginia JV targets Quebec
Virginia Gold Mines (VIA-T) and Noranda (NRD-T) have signed an agreement to conduct geoscientific work in the north of Quebec.The deal saw Noranda subscribe to a private placement of 333,333 shares of…
Aur gets Duck Pond base metal project
In a deal valued at $6 million, Aur Resources (AUR-T) is taking over the Duck Pond base metal project in Newfoundland from partners Thundermin Resources (THR-T) and Queenston Mining (QMI-T).
Noranda to idle Gasp copper smelter
Doing its bit to shore up copper prices, Noranda (NRD-T) will suspend production at the Gasp smelter in Quebec for at least six months, starting in May.Since January, copper has lost about 16% of its…
New targets at El Morro
Remote-sensing, combined with magnetic and induced-polarization surveys, has identified several targets at the El Morro copper-gold prospect in northern Chile, where Noranda (NRD-T) is earning a 70% i…
Asarco follows trend, cuts copper output
Vancouver — Joining the ranks of other major producers, Phoenix-based Asarco, a subsidiary of Grupo Mexico, has announced further cuts to its copper output. Production at the Mission mine in southern…
Geochemistry from a hundred metres up
Ontario-based Ekwan Technologies is hoping to take a stranglehold on what it believes will be a large emerging market for an airborne system that maps geochemical alteration over large areas. The syst…
Noranda slips into the red
The ongoing slump in metal prices pushed Noranda (NRD-T) $60 million into the red during the third quarter as revenue slipped to $1.46 billion.The loss, which translates into 27 per share, compares w…
Writedowns take toll on Teck
Vancouver — The diversity in Teck Cominco’s (TEK-T) mining portfolio failed to offset the effect of plunging metal prices as the newly formed major posted a third-quarter loss of $105 million (or 62…
Noranda keeps gobbling up Falco shares
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:Agnico-Eagle Mines (AGE-T) — FMR Corp., which must report its trading activ…