Falconbridge ratifies new deal in Sudbury
Falconbridge (FL-T) has avoided another strike at its nickel operations in Sudbury, Ont., by signing 220 unionized office, clerical and technical employees to a 3-year labour pact just hours before th…
News
Southwestern Res. soars on Boka discovery
With shares trading at about $35, Southwestern Resources (SWG-T) has been given a rousing vote of confidence for its exploration efforts at the Boka gold project in southern China.The Vancouver-based …
Glencairn looks for new veins at El Limon
Leon, Nicaragua — Glencairn Gold (GGG-T) has begun a major hunt for new reserve ounces around its aging El Limon gold mine in Nicaragua.The Toronto-based junior acquired a 95% stake in the mine last …
Tournigan drills Curraghinalt
Vancouver — Drilling by Tournigan Gold (TVC-V) has intersected high-grade gold mineralization at the Curraghinalt project in Northern Ireland. The program is designed to upgrade the resource classifi…
Alcoa sheds its chemicals division
Aluminum giant Alcoa closed the period ended March 2 up US45 to US$37.71 after its 60%-owned subsidiary Alcoa World Alumina & Chemicals completed the sale of Alcoa Specialty Chemicals to two private …
US metal output slips
Many indicators reflect a rebounding U.S. economy: rising consumer confidence, higher retail sales, greater industrial production, and more new home starts. Yet production from metal and industrial mi…
Fernando Bearzi
Fernando Bearzi, known as the logistical expert in Argentina, has died of complications following surgery there.In the 1990s, Bearzi provided logistical support for miners working in the country via h…
Spot Prices Tuesday, March 2, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$398.60-2.85Silver$6.86 +0.32Platinum$887.00+30.00…
Olympus boosts stake in Phuoc Son
Shares in Olympus Pacific Minerals (OYM-V) dropped nearly 10% in early trading in Vancouver on March 1 after the company announced an all-share deal to boost its stake in the Phuoc Son gold project in…
The Northern Miner Indices (March 08, 2004)
North American Mining: 111.15 (+2.43)Small Producers: 123.03 (+0.61)(Sept. 30/98 = 100)…
Northern Miner Indices (March 08, 2004)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T17.1%CamecoCCO-T3.3%FalconbridgeFL-T5.0%Freeport McM BFCX-N8.2%GoldcorpG-T4.3%IncoN-T8.7%Kinross GoldK-T4.3%Newmont MiningNEM…
Study offers bright snapshot of Oyu Tolgoi
An independent scoping study has concluded that Ivanhoe Mines’ (IVN-T) Oyu Tolgoi copper-gold project in southern Mongolia has sufficient and rich-enough mineralization to warrant mining.The study eva…