Sur digs gold at Comval
Preliminary trenching by Sur American (SUR-V) has turned up bonanza gold grades at the Comval project in the Eastern Mindanao belt of the Philippines.Sur is focusing on a large epithermal zone in hope…
2003
The value of Canadian mining
Despite significant growth in the Canadian economy over the past 20 years, the Canadian mining industry’s contribution to the gross domestic product has remained relatively stable within a range of 3….
Newmont buys Ntotoroso
Newmont Mining (NEM-N) will consolidate its holdings in the Yamfo-Sefwi belt in Ghana by buying Moydow Mines International’s (MOY-T) half-interest in the gold project known as Ntotoroso.The major will…
Diamondiferous gravels outlined at Tirisano (September 01, 2003)
An independent resource update has increased the volume of diamondiferous gravels at the Tirisano mine in South Africa, reports Etruscan Resources (EET-T) and Mountain Lake Resources (MOA-V).South Afr…
Flyin’ Jimmy Barber
The first time I flew with Jimmy Barber was in 1954, when he was working for Saskatchewan Government Airways in Lac la Ronge. We were prospecting north of there and Barber was kind enough to give us a…
NAP sizes up Lac des les underground (September 01, 2003)
North American Palladium (PDL-T) will launch a full feasibility study of a proposed underground mining operation targeting the Main High Grade zone at its Lac des Iles palladium-platinum mine, 85 km n…
Inflation, high costs hurt Zimbabwe gold sector
Zimbabwe must devalue its dollar and take drastic steps to curb inflation if it wants to stabilize its struggling gold sector, says David Murangari, CEO of the Zimbabwe Chamber of Mines.Mines there ar…
The Northern Miner Indices (September 01, 2003)
North American Mining: 86.25 (-1.34)Small Producers: 87.69 (-1.09)(Sept. 30/98 = 100)…
Freeport reduces debt
Freeport-McMoRan Copper & Gold was the biggest newsmaker south of the border during the report period ended Aug. 26, as it announced it had converted US$311 million worth of notes into 21.8 million sh…
People (September 01, 2003)
Anglo American Lazarus Zim appointed deputy CEO and chairman of Anglo Operations.Apollo Gold — Robert Watts appointed to board.CYPlus — Robert Warriner appointed regional sales manager…
Rio goes ahead at Aguablanca project
Rio Narcea Gold Mines (RNG-T) has arranged a US$47-million debt facility to mine the Aguablanca nickel sulphide deposit in southwestern Spain.The facility, arranged with Investec Bank (U.K.) and Macqu…
Inco, union reach deal
Inco (N-T) and the United Steelworkers of America locals 6500 and 6200 have reached a tentative agreement after resolving a 13-week stalemate that centred on health-care and pension benefits.The union…