St. Elias starts drilling
Vancouver — Junior St. Elias Mines (SLI-V) has launched a 1,500-metre drill program on the Gralheira-Jales gold property in northern Portugal.Situated in the Tras-O-Montes region, the project covers …
News
Glencairn revisits Bellavista
Assured that the government of Costa Rica will support development of the Bellavista gold project, Glencairn Gold (GLJ-V), formerly Glencairn Explorations, has once again agreed to buy the low-grade d…
Anaconda writedown sinks Sherritt
A $29.8-milllion writedown on its investment in troubled Aussie laterite nickel miner Anaconda Nickel sent Sherritt International (S-T) $1.1 million into the red during the three months ended Sept. 30…
Olympus proves up Phuoc Son
Vancouver — Olympus Pacific Minerals (OYM-V) has intersected encouraging gold values at the Phuoc Son project in central Vietnam.The 2,300-metre reconnaissance program identified three prospects that…
Daily Metal Prices (November 11, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 5Nov. 4Nov. 1Oct. 31Oct. 30Al Alloy…
Weak copper prices hamper Phelps Dodge’s bottom line
Vancouver — As copper prices continue to linger near lows not seen since 1987, Arizona-based Phelps Dodge (PD-N) is intent on trimming its losses by driving down operating costs.The world’s second-la…
The Northern Miner — North American Mining Index (November 11, 2002)
70.89 (+2.79)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (November 11, 2002)
74.39 (+6.57)(Sept. 30/98 = 100)…
Fewer greenhouse gases
To help ensure continuous reduction of greenhouse gases (GHGs), companies that are members of the Mining Association of Canada have pledged to decrease their energy consumption per unit of output by 1…
CIM hosts oyster party
Members of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) are invited to the CIM’s 78th annual oyster party on Nov. 14 at First Canadian Place.In addition to oy…
MAC takes stand against Kyoto
The Mining Association of Canada has joined the Canadian Coalition for Responsible Environmental Solutions (CCRES) in opposing ratification of the Kyoto treaty.Under the 1997 Kyoto treaty, industriali…
Agnico-Eagle shares drop on financing news
Shareholders of one of the darlings of the retail gold-bug crowd, Agnico-Eagle Mines (AGE-T), received a swift kick in the goolies in late October as the company unveiled plans for a dilutive, US$167-…