Anaconda writedown sinks Sherritt
A $29.8-milllion writedown on its investment in troubled Aussie laterite nickel miner Anaconda Nickel sent Sherritt International (S-T) $1.1 million into the red during the three months ended Sept. 30…
2002
Olympus proves up Phuoc Son
Vancouver — Olympus Pacific Minerals (OYM-V) has intersected encouraging gold values at the Phuoc Son project in central Vietnam.The 2,300-metre reconnaissance program identified three prospects that…
Daily Metal Prices (November 11, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 5Nov. 4Nov. 1Oct. 31Oct. 30Al Alloy…
Weak copper prices hamper Phelps Dodge’s bottom line
Vancouver — As copper prices continue to linger near lows not seen since 1987, Arizona-based Phelps Dodge (PD-N) is intent on trimming its losses by driving down operating costs.The world’s second-la…
The Northern Miner — North American Mining Index (November 11, 2002)
70.89 (+2.79)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (November 11, 2002)
74.39 (+6.57)(Sept. 30/98 = 100)…
Fewer greenhouse gases
To help ensure continuous reduction of greenhouse gases (GHGs), companies that are members of the Mining Association of Canada have pledged to decrease their energy consumption per unit of output by 1…
CIM hosts oyster party
Members of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) are invited to the CIM’s 78th annual oyster party on Nov. 14 at First Canadian Place.In addition to oy…
MAC takes stand against Kyoto
The Mining Association of Canada has joined the Canadian Coalition for Responsible Environmental Solutions (CCRES) in opposing ratification of the Kyoto treaty.Under the 1997 Kyoto treaty, industriali…
Ottawa left with bill for northern cleanup
Abandoned mines in Canada’s far north are polluting the tundra, and fixing the problem could cost the federal government $640 million, according to federal documents.One of the largest environmental t…
SouthernEra sees potential at Sue
Encouraged by the microdiamond results from this past year’s drilling on the Sue kimberlite pipe at the Yamba Lake project in the Northwest Territories, SouthernEra Resources (SUF-T) will test about a…
Rio Narcea picks up new zone at El Valle (November 11, 2002)
Exploration drilling by Rio Narcea Gold Mines (RNG-T) in the main pit at the El Valle gold mine in the Asturia region of northwestern Spain has intersected a new zone of gold mineralization at depth, …