New deal at Altonorte in Chile
Employees at Noranda’s (NRD-T) Altonorte custom copper smelter in Chile have ratified a 3-year collective agreement. The new deal includes improved wages and benefits, and has provisions for performan…
2004
Canadian Stock Exchange Indices (January 05, 2004)
DateDec. 29Dec. 26Dec. 25Dec. 24Dec. 23HighLowTSX Composite8260.54…
CIM adopts guidelines for mineral estimation
The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) has adopted best-practice guidelines for the estimation of mineral resources and mineral reserves, as recommended in a report released …
A year-end rush
The year just past, especially its final month, has served up some interesting and pleasant developments. When it falls to an editorial writer to run down some of the year’s events, he is lucky indeed…
MacMillan eyes private placement (January 05, 2004)
Junior MacMillan Gold (MMG-V) is trying to raise $1 million to fund an ongoing drill program at its Cerro de Oro gold-silver project near Zacatecas, Mexico.In early December, MacMillan renewed drillin…
Mongolia gives licences to Ivanhoe
Government officials in Mongolia have issued four 60-year mining licences to Ivanhoe Mines (IVN-T).The licences, which are renewable for an additional 40 years, cover 238 sq. km, including the company…
Verena dusts off Bonfim (January 05, 2004)
With $1.8 million in hand from a private placement, Verena Minerals (VML-V) is preparing to dewater and refurbish underground workings at the Bonfim gold-tungsten-bismuth project, 120 km west of Natal…
LME Warehouse Levels (January 05, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 24 (change from Dec. 19 in brackets):MetalStock(tonnes)ChangeAluminium1419175(-1…
Branding and the diamond industry
I’m sure it has happened to practically everyone: you’re at an airport, yet another flight, and no book to read . . . panic. The terminal did not have a particularly good bookshop and, as time ran out…
Gympie’s Southland colliery evacuated (January 05, 2004)
Abnormally high methane concentrations at the Southland colliery in New South Wales, Australia, have forced operator Gympie Gold (GGD-L) to evacuate the mine.A mined-out area near an actively producin…
The Northern Miner Indices (January 05, 2004)
North American Mining: 116.03 (+5.73)Small Producers: 115.64 (+8.68)(Sept. 30/98 = 100)…
Kinross drops Pac Rim shares
Kinross Gold (K-T) has sold its entire stake in junior Pacific Rim Mining (PMU-T); the 17.6 million shares sold represent 22% of the latter’s share base.Toronto-based GMP Securities says institutional…