Too much red tape
With reference to your editorial “Penny Wise, pound foolish” (T.N.M., Dec. 3-9/01), I imagine our government might cite the decline in mineral exploration in British Columbia during recent years as an…
2001
CAMESE hosts booth in Russia
The Canadian Association of Mining Equipment and Services for Export (CAMESE) is inviting companies to display posters at the sixth Moscow International Mining, Exploration and Mining Equipment Exhibi…
Link to US dollar has hurt Argentina
Events in Argentina, where the government is caught between devaluing the Argentine peso and turning entirely to the United States dollar as a currency, provide an object lesson in what bad monetary p…
TSM
Towards Sustainable Mining, or TSM, an initiative of the Mining Association of Canada (MAC), is built on the premise that mining can contribute to the sustainability of our communities in a way that m…
Algoma workers to vote on new deal
Almost 4,000 union members at Algoma Steel in Sault Ste. Marie, Ont., were expected to vote on Dec. 21 on a 32-month contract that would avoid layoffs and protect pensions yet reduce wages by an avera…
Blackstone gains Ursus diamond property
Vancouver — Blackstone Ventures (BLV-V) has inked a deal with the numbered company 4763 NWT to acquire the Ursus diamond property in the Coronation Gulf area of Nunavut.The 46-sq.-km property is 45 k…
Producer and Dealer Prices (December 24, 2001)
Antimony: Mid-mkt US$1,130/t.Bismuth: Mid-mkt US$3.25/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.50-7.60/lb.Copper: Comex Mar. US$0.69/lb.Indium: Indiu…
Stillwater revises facility
Vancouver — Armed with a revised operating plan, North America’s largest producer of platinum and palladium has renegotiated its US$250-million credit facility.Stillwater Mining (SWC-N), which has al…
Beryllium demand to decline
World demand for beryllium is expected to decline in 2002, according to a report from London-based Roskill Information Services.The Economics of Beryllium (sixth edition) says demand is contracting in…
Trading Summary (December 21, 2001)
The Toronto Stock Exchange ended 73.33 points higher at 7,528.3 on Friday heading into the Christmas holiday. Power…
Rio Tinto drops Mogote option
London-based Rio Tinto (RTP-N) has decided to drop its option to earn up to a 70% interest in IMA Explorations’ (IM…
Red Lake high grade zone now at 2,061 metres
An exploration hole drilled by Goldcorp (G-T) at its mine in Red Lake, Ont., has confirmed one of the mine’s high-g…