Inco contract ‘moving ahead’
A union spokesman for Inco’s 3,300 workers at the main milling complex in Sudbury, Ont., says talks are “moving ahead” but that wages and pensions have yet to be discussed. The current contract expire…
News
Miner dies at BC coal mine
A worker at the Greenhills coal mine, near Elkford, B.C., was killed when the pickup truck he was driving collided with a load-haul-dump machine.The death of Nathan Regular, 27, of Sparwood, B.C., is …
BHP Billiton gains foothold in Nunavut diamond plays
Hunter Exploration Group, a private exploration and prospecting firm based in Vancouver, has agreed to sell its minority interest in a couple of promising diamond plays in Nunavut to BHP Billiton (BHP…
Eldorado, Romarco insiders trim holdings
Recent insider trading transactions reported by the Ontario Securities Commission include the following:– Aquiline Resources (AQI-V) — Marc Henderson, director, bought 60,000 shares at 21-25 apiece…
Lending Rates (May 12, 2003)
as of 4 pm ET, May 6, 2003(%)Bank of Canada3.25Canadian Prime5.00U.S. Discount Primary2.25U.S. Fed Funds1.27U.S. Prime4.25LIBOR US$ 3-month1.29LIBOR US$ 6-month1.26LIBOR US$ 1-year1.30Gold le…
Falco extends Kidd grounding
With the zinc market showing no signs of recovery, Falconbridge (FL-T) is extending by a month the previously planned 9-week shutdown of refining operations at its Kidd metallurgical site in Timmins, …
American Barrick boosts reserves
What a difference a year can make in the life of a mining company.This time last year, Toronto-based American Barrick Resources was sitting with reserves totalling 3.5 million oz. in seven Canadian an…
Diamonds, gold add glitter to junior exchange
Vancouver — Canada’s junior exchange rallied during the week ended May 6. The S&P-TSX Venture Exchange composite index tacked on 25.05 points, or 2.4% of its value, to close at 1,055.74.Shares of Spi…
BC Chamber hosts golf tournament
The British Columbia & Yukon Chamber of Mines will hold a golf tournament at the Mayfair Lakes Golf and Country Club in Richmond, B.C., on May 13.Players of various skill levels will participate in a …
Ditem adds pipe at Tichegami
Ditem Explorations (DIT-V) has intersected kimberlite while testing a couple of distinct geophysical targets while drilling on the Tichegami property in north-central Quebec.The newly designated H-3 a…
Canadian Stock Exchange Indices (May 12, 2003)
DateMay 6May 5May 2May 1April 30HighLowTSX Composite6693.716659.676618.116569.31…
People (May 12, 2003)
Compania Minera Antamina — Wendell Pauling appointed president and CEO.Diamonds North — Bruce Kienlen appointed to exploration team.DiamondWorks — Robert Rainey appointed CFO.