Mineral output climbs
The value of production for the Canadian mineral industry, excluding oil and gas but including coal, increased to $19.84 billion in 2000, up $1.13 billion, or 6.7%, from 1999.Metal mining accounted fo…
Platinum Group Metals Ltd
Rio Narcea ups production forecast
Rio Narcea Gold Mines (RNG-T) pumped out 29,336 oz. gold at its El Valle mine in May — more than twice the previous monthly production record for the Spanish operation.The company says the pace shoul…
SouthernEra eyes $36m for deeper shaft
A bought deal with a syndicate led by National Bank Financial and BMO Nesbitt Burns paves the way for SouthernEra Resources (SUF-T) to raise $36.3 million to help fund a recently approved, US$22-milli…
Anooraq inks Amplats deal in Bushveld
Vancouver — It used to be that only the powerful South African majors had any hope of holding ground in the Bushveld igneous complex, home to 80% of the world’s known resources of platinum group meta…
Canada’s mineral output at near record levels
The value of Canadian mineral production reached $83.8 billion in 2001, only slightly less than in the previous year, according to Natural Resources Canada.The high value is mostly due to strength in …
Nunavut’s potential
Nunavut is becoming known as an “under-explored” region with high mineral potential. The success of the Polaris and Nanisivik zinc mines and the reopening of the Lupin gold mine demonstrate the feasib…
LionOre buys out Anglo’s Tati stake (May 13, 2002)
LionOre Mining International (LIM-T) has struck a US$75.9-million, all-cash deal to buy Anglo American’s (AAUK-Q) nickel interests in Botswana.The assets include a 43.35% stake in Tati Nickel Mining C…
Correction (May 06, 2002)
In our April 22-28 issue, we reported Pacific Minerals (PMZ-V) collected 492 underground channel samples, which so far had averaged 0.29 gram platinum group metals and 0.4 gram gold per tonne.Of the 4…
Starfield confirms PGMs
Vancouver — Starfield Resources (SRU-V) has confirmed assays for a high-grade palladium-platinum and rhodium intersection in drill hole 101, which was reported last year.The high-grade interval was h…
Inco celebrates centenary in the black (April 22, 2002)
Despite lower nickel prices and declining sales, Inco (N-T), which celebrates its 100th birthday this month, posted a profit of US$11 million for the first quarter. The figure marks a distinct improve…
Light volume keeps CDNX idle
Vancouver — Canada’s junior exchange failed to follow the major bourses higher, with volume remaining on the light side. The Standard & Poor’s-CDNX composite index lost 6.94 points, or 0.6%, and clos…
Trend Mining gets Lake Owen
Idaho-based junior Trend Mining (TRDM-O) has completed an earn-in on the Lake Owen property in Wyoming, taking over a 100% interest from General Minerals (GNM-T).The property, in in southeastern Wyomi…