Rio Tinto buys coal mine
Rio Tinto (RTP-N) has agreed to buy an 80% stake in an Australian coal mine from Atlantic Richfield for US$150 million.Rio’s operating subsidiary, Pacific Coal, expects to reopen the Gordonstone mine …
1998
Cyprus Amax places coal subsidiary on block
In an effort to eliminate debt, Cyprus Amax Minerals (CYM-N) is seeking a buyer for its coal subsidiary.Cyprus Amax Coal Co. is one of the leading coal producers in the U.S., with operations in Pennsy…
Juniors to drill Batchawana
Fort Knox Gold Resources (FNX-T) and Aurogin Resources (AUQ-V) are collaborating on a diamond drill program at the later’s Batchawana polymetallic property near Sault Ste. Marie, Ont.By year-end, betw…
Stillwater mine runs deep — Sales contracts inspire company to accelerate expansion program
Nestled in a picturesque valley near this small western town, the Stillwater mine has long been known as North America’s only primary source of platinum and palladium, and the richest known deposit of…
Inco hit by weak demand
Low nickel prices cut deep into Inco’s (N-T) sales revenue and pulled the major back into the red during the third quarter.For the three months ended Sept. 30, Inco lost US$24 million (or 18 cents per…
Phelps Dodge slashes production (November 02, 1998)
Succumbing to the pressures of low metal prices, Phelps Dodge (PD-N) has decided to cut copper production at three mines.The company will curtail production at two mines in New Mexico and one in Chile…
Wheaton River keeps head above water
Junior producer Wheaton River Minerals (WRM-T) remains in the black, thanks to higher output and lower costs at its seasonal Golden Bear mine in northern British Columbia.For the nine months ended Sep…
Companies (November 02, 1998)
Agnico-EagleAmerican CopperAnglogoldArgentina GoldAur ResourcesAurogin ResBarrick GoldBattle Mtn GldBema GoldBirim GoldfieldsCanspar ResComaplex MinComincoCopper RidgeCopperquestCornucop…
Meetings (November 02, 1998)
Nov. 3, Afrasia Nov. 4, Abitibi Nov. 4, Antoro Nov. 4, Black Bull Nov. 4, Espalau Nov. 4, Lytton Nov. 5, Tri Origin Nov. 6, Interex Nov. 6, Madoc Nov. 6, Wayburn Nov. 9, Hawkeye Gold Nov. 9, Riverdanc…
Index (November 02, 1998)
CareersClassifiedCommentaryDividendsDrillersEditorialFacts’n’FiguresInvestment CommentaryLetters to the EditorMetal PricesMining Markets and Investment NewsNews RoundupProfessional Directo…
Cominco suffers loss in third quarter
Low metal prices, a weaker Canadian dollar and an operating loss at its Trail production facilities in southeastern British Columbia all contributed to a less-than-stellar third quarter for Cominco (C…
Aur slips into red in third quarter
Lower operating costs at the jointly owned Louvicourt and Andacollo mines were not sufficient to keep operator Aur Resources (AUR-T) out of the red during the third quarter.The company reported losses…