Midway cuts more gold in Nevada
Vancouver — Midway Gold (MDW-V) has been focusing its efforts on its namesake gold property in Nevada’s Nye Cty., where it is engaged in a joint venture with Newmont Mining (NEM-N).Midway lies betwee…
Rio Algom Limited
Consolidation affects exploration
You don’t need hyperspectral imaging or the latest in magnetotellurics to figure out that the impact of consolidation on exploration has been substantial. The last half-decade has been one of the hars…
Midway sparks Tonopah revival (March 17, 2003)
Vancouver — Drill results from the Midway prospect have intensified interest in exploring for gold in Nevada’s Nye Cty.Midway Gold (MDW-V), previously known as Red Emerald Resource, holds the propert…
Wheaton River gains Aussie, Argentine assets
Vancouver — In a deal that more than doubles its production, Wheaton River Minerals (WRM-T) has agreed to buy Rio Tinto’s (RTP-N) Peak gold mine in Australia along with the major’s 25% stake in Argen…
2002 marked by further consolidation
It did not feel as momentous as 2000 or 2001, when we saw the creation of several global mining giants, but 2002 was full of smaller-sized mergers, particularly in the precious metals sector.Among the…
Spike in gold price among highlights of 2002 Retrospection
The previous occupant of the editor’s chair here took to naming years for their characteristics. It was a useful way to encapsulate the mood of the year past, a metaphor for what fate dealt out each t…
Odds ‘n’ sods: Remembering Harry Morgan
For several years, I’ve written articles about the great and unusual people I’ve met in the mineral exploration and promotion business, but none impressed me more than the late Dr. J.H. (Harry) Morgan…
Aluminum smelter planned for Vancouver Island
A proposed 360,000-tonne-per-year aluminum smelter on Vancouver Island could be operating in 4.5 years.Alberni Aluminum, or Al2Co., will pursue regulatory approval for the $1.5-billion project in Port…
Cameco buys Smith Ranch
Cameco (CCO-T), the world’s largest uranium supplier, just got bigger.The Saskatoon, Sask.-based company has agreed to buy the Smith Ranch in situ leach mine and various other ISL properties in Wyomin…
Richard Franks
Richard Franks, a taxation manager with Rio Algom, has died after a lengthy illness. He was 50.Franks started as a junior tax clerk with Rio Algom after attending the University of Western Ontario. He…
Placer targets takeover of Aussie miner
Vancouver — Falling metal prices over the past few years may have initiated consolidation in the mining industry, but as the price of bullion rises to levels not seen since 1999, the wave of mergers …
Low copper prices dent Codelco’s bottom line (May 20, 2002)
Vancouver — Low prices caused the world’s largest copper producer, Corporacion Nacional del Cobre de Chile (Codelco), to suffer a 37% plunge in profits in the first quarter.The company, wholly owned …