Noranda reworks Lomas Bayas deal with Falco
The biggest news among Canada’s base metal producers over the May 2-8 report period was the revelation by Noranda that it is shuffling off its stake in the proposed purchase of the Lomas Bayas open-pi…
Noranda Inc
Noranda hits more copper-gold at El Morro
Great results keep rolling in from the El Morro copper-gold project in north central Chile, where Noranda has been drilling as part of an earn-in agreement with owner Metallica Resources (MR-T).The la…
Boliden sells assets to restore strength
Financially beleaguered Boliden (BOL-T) reported a net loss of US$25.1 million (or 11 per share) for the first quarter of 2001, up from a net loss of US$18.1 million (18 per share) a year earlier.In…
Noranda dragged down by Falco
Noranda (NOR-T) saw its earnings chopped 65% in the first quarter, largely as a result of labour problems in Sudbury, Ont., and slumping metal prices.The major posted a profit of $24 million (8 per s…
Falconbridge chronicles environmental progress
Every year, Falconbridge (FL-T) reviews its environmental performance in its Sustainable Development Report, and the 2000 edition is nothing if not comprehensive and candid.Falco’s parent company, Nor…
Strike clips Falco’s wings
The good times did not last long for Falconbridge (FL-T), which barely squeaked out a profit in the first quarter.Pinning the blame on falling metal prices, a strike in Sudbury and production difficul…
Caber drilling goes one-for-six
A 6-hole drill program mounted by Quebec government-owned Soquem has failed to intersect any significant sulphides on the Caber property, west of Matagami; however, the work did uncover significant mi…
Outokumpu buys Norzink smelter
Denver — Boliden (BOL-T) and Rio Tinto (RTP-N) have completed the US$180-million sale of the Norzink smelter and refinery complex to Finnish giant Outokumpu. The operation is in southwestern N…
Codelco set to expand in competitive market
Denver — The world’s largest producer of copper, Corporacion Nacional del Cobre de Chile (Codelco), is scrambling to stay on top of the game following a recent spate of mergers.The Chilean state-owne…
Golden Temple encouraged at Yagul project in Mexico
Initial exploration by Golden Temple Mining (GTM-V) has confirmed the potential for stratiform copper and Mississippi Valley-type lead-zinc mineralization at the Yagul property, in the Monclava distri…
Partners cut more wide intervals at El Morro project
The latest holes on the El Morro copper-gold project in Chile have returned some long intervals of continuous mineralization for partners Noranda (NOR-T) and Metallica Resources (MR-T).Recent drilling…
Celtic, Orogrande holes cut sulphides
Drilling at two separate projects in central Newfoundland has turned up promising massive sulphide mineralization.At the Great Burnt Lake property, Celtic Minerals (CME-V) has extended a known copper …