2002

Diavik nears startup

Construction of the Diavik diamond mine, in the Northwest Territories, is expected to be close to completion by year-end.London-based Rio Tinto (RTP-N) and its Canadian partner, Aber Diamond (ABZ-T), …


Rubicon tests Rivard

Vancouver — A first phase of drilling by Rubicon Minerals (RMX-V) at its recently acquired Rivard gold project in northwestern Ontario is investigating mineralization downdip of surface occurrences.S…


Inco reviews Goro development

Facing sudden and significant cost overruns, Inco (N-T) will be reviewing its Goro nickel laterite project in the French Pacific territory of New Caledonia.The company is beginning a 6-month engineeri…



Correction (December 16, 2002)

A recent insider trading report should have stated that Michael Terrel, director of St. Jude Resources (SJD-V), bought 23,000 shares directly at 65-80 apiece and 525,145 shares indirectly and private…


El Limon takes shape for Miranda (December 16, 2002)

Vancouver — Drill results reported by Teck Cominco (TEK-T) and Miranda Mining (MRM-V) confirm that mineralization extends north of the El Limon gold prospect on the Morelos Norte project in Mexico’s …


Wayside defines Cariboo

Vancouver — International Wayside Gold Mines (IWA-V) is adding the Bonanza Ledge and BC vein deposits to its mine plan for the Cariboo project in the Barkerville area of central British Columbia.Bona…


Opawica tests Straw Lake

Opawica Explorations (OPW-T) has raised sufficient funds to begin a preliminary exploration program at the Straw Lake gold property in northwestern Ontario.Opawica can earn 100% interests in five clai…


Pasminco eyes mine closures

Vancouver — Having failed to sell its Gordonsville and Clinch Valley lead-zinc mines, Australian-based Pasminco is closing both.Situated in Tennessee, the mines are low-grade operations that have not…


New silver coin law in US

President George W. Bush has signed legislation that creates a new market for domestic silver in government-minted coins.The silver, which will be bought by the U.S. Treasury on the open market, will …


NovaGold beefs up Donlin Creek

Vancouver — An updated resource estimate for the Donlin Creek gold deposit in Alaska has added 4 million oz., most of which are in the Akivik, 400 and Aurora target areas.The new estimate shows nearl…


Slow progress at Noranda’s magnesium plant

Already well behind schedule, Noranda has again postponed startup at its Magnola magnesium plant, near Asbestos in Quebec’s Eastern townships.Commercial production is now expected to commence in the f…


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