Reflecting its decision to close the Magnola magnesium plant in Quebec, Noranda (NRD-T) has recorded a whopping $700-million loss for 2002.The $3.02-per-share loss included an after-tax charge of $630…
Barrick Gold — Gregory Wilkens appointed president and CEO replacing Randall Oliphant.Algoma Steel — Alexander Adam retired from board of directors.McKenzie Bay International — John Sa…
89.41 (-9.18)(Sept. 30/98 = 100)…
While it has benefited strongly from higher nickel and copper prices of late, Inco (N-T) expects platinum group metals (PGMs) to remain a valuable byproduct at its operations.At its flagship Sudbury o…
ExchgVol(000s)HighLowCloseChangeKinross GoldT3357612.0810.4511.55-0.45…
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 11Feb. 10Feb. 7Feb. 6Feb. 5US$ in C$1.53011.53111.52111.5215…
Antimony: Mid-mkt US$2,200/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.35-8.00/lb.Copper: Comex Mar US$0.7755/lb.Indium: Indi…
If I had to pick just one word to describe the Canadian mining industry in recent years, it would be “innovative.” Innovation now defines our industry. In fact, the mining industry spends some $370 mi…
Mississauga, Ont.-based mining engineering and consulting firm Hatch has signed a marketing and technology agreement with Newmont Mining that will see the two companies share pressure-oxidation extrac…
Glamis Gold (GLG-T) will sell its half interest in the Cerro San Pedro gold-silver project in Mexico to equal partner Metallica Resources (MR-T) for US$18 million.Metallica will pay US$2 million on cl…
Vancouver — A new resource estimate enhances the economic potential of the Sustut copper deposit, 65 km north of the Kemess gold-copper mine in north-central British Columbia.Partners Northgate Explo…
Last year proved to be exceptionally successful for De Beers and the diamond industry as a whole.Demand for rough diamonds was strong throughout 2002 as cutting centres responded to the increased dema…
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