Two upstarts challenge the coal giants
Last year’s deals between Fording Coal, Sherritt International (s-t), the Ontario Teachers’ Pension Plan, and Teck Cominco (tek-t) neatly divided the world of Canadian coal production; thermal coal as…
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The Russian market
It is estimated a third of the world’s mineral reserves are in Russia, where the mining market is dominated by Norilsk Nickel, diamond miner Alrosa, and oil and gas giant Sakhalin. These companies inv…
EXTECH IV brings co-op spirit to Athabasca Basin
According to government figures, the amount of nuclear energy used in the production of world electrical power between 1971 and 1990 jumped more than eight times, from 2% to 17%. In 2001, Saskatchewan…
Geomaque reworks Defiance deal with Aussie miner St Barbara
Under a revised plan, Geomaque Resources (GEO-T) will play a larger role in the creation of an international gold mining company.In January, Geomaque announced plans to merge with Australia-listed St …
Golds flat as broad market rebounds
The Toronto Stock Exchange’s S&P/TSX composite index advanced 27.56 points to end the April 2-8 report period at 6,438.71 as the U.S.-led coalition marched into Baghdad and raised hopes for a quick co…
Anglo greases drills at Boyongan project
Vancouver — Anglo American (AAUK-Q) is sending eight drill rigs to explore the Boyongan project in the southern Philippines. The property is held equally by Anglo American and Philex Gold (PGI-V).Ang…
Anglo American faces apartheid suit (April 14, 2003)
U.S. lawyer Edward Fagan, known mostly for forcing Swiss banks into a US$1.25-billion settlement for Holocaust victims, has filed suit in a U.S. court for up to US$6.1 billion in damages against Anglo…
W.Va. allows diesel power underground
Regulators in West Virginia have approved the experimental use of diesel-powered equipment at two Peabody Coal operations, ending a longtime ban on the use of internal combustion engines in undergroun…
Project boosts search for uranium in Alberta
EXTECH IV study sees potential for unconformity-type depositsApproximately 10% of the Athabasca Basin is in northeastern Alberta, but this region has yet to yield a uranium deposit comparable in size …
TSX reviewing Crystallex
Changes to accounting practices at Crystallex International (KRY-T) have obliged the company to restate its earnings for three quarters in 2002.The restatements became necessary because of changes to …
Ivanhoe expands Far North with high-grade gold-copper zone
The discovery of deep high-grade copper-gold mineralization in stepout drilling on the Far North zone in Mongolia’s South Gobi region is changing the complexion of the Turquoise Hill project.Ivanhoe M…
Freeport-McMoRan sweetens redemption price
A tepid reception has prompted Freeport-McMoRan Copper & Gold (FCX-N) to spruce up an offer for early redemption of its 7.5% senior notes due in 2006.The major is now offering US$1,030 per US$1,000 pr…