EVENTS (May 29, 2000)
May 29-June 2 PanCanadian Petroleum — “GeoCanada 2000.” University of Calgary, Calgary, Alta. Contact Jon Dudley. Tel: (403) 290-2000. Web site: 222.geocanada2000.comMay 31-June 1 Int’l Investment Co…
2000
Production stops at Grasberg after fatal accident
Freeport-McMoRan Copper & Gold (FCX-N) has agreed to cut back on production at its 85%-held Grasberg copper-gold operation in Indonesia pending the investigation of a waste-pile accident that killed f…
Alcan helps save wartime ship
Alcan Aluminum has become the first corporate sponsor of a plan to save the St. Roch, a retired schooner of the Royal Canadian Mounted Police.The company and the vessel have an extended mutual history…
Taror prefeasibility nears completion
Depressed gold prices and lower production translated into a 1999 loss for Nelson Gold (NLG-T).Net losses totalled US$1.5 million on revenue of US$13 million, compared with US$66.64 million on US$18 m…
Geologist wins memorial award
Toronto geologist David Ross has been selected as the 1998-99 winner of the David Money Memorial Award, presented each year to the top student in the masters mineral exploration program at Queen’s Uni…
Philex posts lower output
A production shortfall has cut deep into the bottom line of Philex Gold (PGI-T).For the three months ended March 31, the junior lost US$2.7 million on revenue of US$11.6 million, compared with earning…
Stronger loonie costs River Gold Mines
Lower-grade ore and a rebounding Canadian dollar left River Gold Mines (RIV-T) with a small loss in the first quarter of 2000.For the three months ended March 31, River Gold posted a loss of $567,550 …
Campbell to drill new prospect at Santa Gertrudis
An 8-hole program of reverse-circulation drilling by Campbell Resources (CCH-T), north of its Santa Gertrudis mine in Sonora state, Mexico, has turned up gold mineralization.Six of the holes drilled o…
Anglogold, Rubicon seal deal
The first foray into Canadian exploration by South African giant AngloGold (AU-N) is under way, following closure of the house’s deal with Rubicon Minerals (RMX-V).The deal lets AngloGold earn a 60% i…
PEOPLE (May 29, 2000)
Atna Res. — John Purkis appointed vp mining and development.Dia Met — Peter Atkinson appointed interim chairman.General Minerals — Brian Cramm appointed CEO and treasurer.K…
NAME CHANGES (May 29, 2000)
Sand River Resources (SRL-V) has changed its name to Rio Fortuna Exploration (RFT-V) on a 1-new-for-7-old-share basis.
50 YEARS AGO – JUNE 1950
The movement to bring the Labrador-New Quebec iron deposits into production has received a big push from the the U.S. partners of Hollinger Consolidated. The partners will finance a large portion of t…