MAP project going strong in South America
Somewhere in southwestern South America, geologists are putting together the pieces of a giant puzzle known as the Multinational Andean Project (MAP), an international map-making endeavour.The program…
2001
Mine becomes tourist attraction
Golfers soon will be able to play a full 18 holes on a newly expanded course designed by Les Furber, one of the top course designers in the world. The expanded amenity is part of a multi-million-dolla…
Teck, Cominco to form mining giant
Vancouver — It seemed an odd pairing in 1986 when lean, entrepreneurial Teck (TEK-T) bought its initial stake in top-heavy, debt-ridden Cominco (CLT-T).Not anymore.Having shared management and corpor…
Harmony may pull plug on Bissett mine
Unable to turn a profit at the Bissett underground gold mine in Manitoba, South African-based Harmony Gold Mining (HGMCY-Q) is considering shutting down the operation.”We will probably put Bissett on …
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…
Mining index leads charge in CDNX rally
Vancouver — Canada’s junior exchange rallied strongly over the week ended May 1, led by a triple-digit gain in the mining index. The Canadian Ventures Exchange composite index tacked on 41.94 points,…
Falco, AMR lead nickel search in Vietnam
Hanoi, Vietnam — With their eye on the Ban Phuc nickel-copper deposit as a potential development project, Falconbridge (FL-T) and its New Zealand-based partner are investigating the Ta Khoa concessio…
Cayeli strike hits Inmet
Recovering from a 3-month strike at the Cayeli base metal mine in Turkey, Inmet Mining (IMN-T) has posted a first-quarter loss of $3.9 million on revenue of $18.2 million.The loss, 13 per share, comp…
CanAlaska adds diamond project
Vancouver — CanAlaska Ventures (CVV-V) has acquired a diamond property northwest of the Kapuskasing Structural zone in the Superior Craton of northern Ontario.The vendors of the property discovered w…
Ashanti triumphs in quarter
Denver — Overcoming a possible production shortfall, Ashanti Goldfields (ASL-N) posted strong results for the first quarter.Earnings totalled US$9 million (or 8 per share), compared with US$6.9 mill…
Canadian Stock Exchange Indices (May 07, 2001)
DateMay 1 April 30April 27April 26April 25HighLowTSE 3007946.337946.637967.347960.327945.2711401.977382.00Metals & Minerals4703.934701.534753.074750.354650.334757.383206.56…
Grupo Mexico posts first-quarter loss
Despite an aggressive cost-cutting campaign, Grupo Mexico registered a loss of US$48.8 million (US7 per share) on…