2002

This picture shows the exposures of the shallow high-grade mineralization at the Third Portage open-pit deposit at the Meadowbank gold project in Nunavut. Trenches expose four separate mineralized horizons at the deposit with a best width of 7.8 grams per tonne over 21 metres.

Cumberland looks to Canada’s Far North

Baker Lake, Nunavut — Convinced that its wholly owned Meadowbank gold project in the Canadian Arctic has the potential to deliver 250,000 oz. annually, Cumberland Resources (CBD-T) is spending $6.4 m…


Aurion sheds stake in Zimbabwe platinum miner

Vancouver — Australian gold miner AurionGold has sold its 21% interest in Australian-listed Zimbabwe Platinum Mines (Zimplats) for A$35.3 million.Impala Platinum Holdings picked up the shares at A$1….



Alcan receives award

Alcan has won an award from the United Nations and the International Chamber of Commerce for excellence in sustainable development.The award was presented to the aluminum company’s International Micro…


PEOPLE (September 09, 2002)

BHP Billiton — David Munro appointed vp.Dofasco — Walter Bilenki appointed vp, finance; Joe Neri appointed president, powerlasers and Howard Woods appointed general manager, Dofasco USA.Mineral I…


Net-based software helps users make decisions

Perth, Australia-based Intierra has developed software that monitors the global resource industry.Subscribers will receive, via the Internet and in map form, information on Australian geoscience and f…


Placer cuts hedge book, extends Aurion offer

A day after deciding to reduce its hedge book, Placer Dome (PDG-T) extended its takeover offer for AurionGold, an Australian producer that is itself heavily hedged.By year-end, Placer expects to have …


Nelson sells Tajik assets

Having decided to focus on its oil and gas interests, Nelson Resources (NLG-T) is selling its 44% stake in the Jilau gold mine in Tajikistan.The buyer is London-listed Avocet Mining, which will give N…


Lending Rates (September 09, 2002)

As of 4 pm ET, Sept. 3, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.78LIBOR US$ 6-month1.75LIBOR US$ 1-year1.81Gold lease 3-month0.28Gold leas…


Ontario geologists catch last bus

Additional registration applications in August have brought to 679 the number of Ontario geoscientists registered or applying for membership in the Association of Professional Geoscientists of Ontario…


Bema options Salvadoran project

Vancouver — Bema Gold (BGO-T) has an option to earn up to a 75% interest in the high-grade Divisadero gold-silver property in El Salvador. The ground is held by Intrepid Minerals (IAU-V).Initially, B…


Photo by Vivian DanielsonCharles Fipke (left) and Hugo Dummett (right) were instrumental in the discovery and development of the Ekati diamond mine.

Dummett killed in road accident

Geologist Hugo T. Dummett, whose knowledge of diamond exploration made BHP Billiton (BHP-N) a major force in world diamond mining, has died. He was 62.Dummett was killed in a single-car accident on a …


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