Carnage continues in China
Rescue teams in China have recovered the bodies of 10 workers killed in a gas explosion at a coal mine in the northeastern province of Heilongjiang.Officials at the mine, near the city of Jixi in nort…
News
Slave battle heads to courts
A dispute between joint-venture partners Ashton Mining of Canada (ACA-T) and Pure Gold Minerals (PUG-T) over the Slave Regional project is headed for the courts.Ashton filed a statement of defence and…
Economics papers receive awards
The Houghton, Mich.-based Mineral Economics and Management Society has presented two awards for papers written by graduate students on the topic of mineral economics.First prize of US$1,000 was presen…
PEOPLE (August 26, 2002)
Emgold — William Witte appointed president and CEO.Falconbridge — Michael Doolan appointed VP and CFO.Golden Phoenix — Ronald Parratt appointed director.Jilbey Enterprises…
Short covering flatters to deceive
Aug. 12-16 at a Glance- Copper prices remain more cushioned on the downside, owing to a shortage of raw materials, but a test of the January low of US$1,434 per tonne is still likely in the current en…
Drills turn at Poste Lemoyne (August 26, 2002)
Equal partners Virginia Gold Mines (VIA-T) and TWG Corp. (GWC-V) have begun a 19-hole drilling campaign on their Poste Lemoyne gold project in the James Bay area of northwestern Quebec.The program is …
Northern Miner Indices (August 26, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T23.2%CamecoCCO-T3.2%FalconbridgeFL-T5.2%Freeport BFCX.B-N5.8%GoldcorpG-T4.2%IncoN-T9.2%Meridian GoldMNG-T2.8%Newmont MiningNE…
Lending Rates (August 26, 2002)
as of 4 pm ET, Aug. 20, 2002(%)Bank of Canada2.75Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.77LIBOR US$ 6-month1.76LIBOR US$ 1-year1.90Gold lease 3-month0.32Gold leas…
Kanowna Belle helps drive Aurion
Kalgoorlie, Australia — If history is any guide to the future, the story behind the discovery of the Kanowna Belle gold deposit in the Eastern Goldfields of Western Australia is a key factor driving …
Vote to settle Pan Am/ Corner Bay merger
As shareholders prepare to vote on the proposed merger between Pan American Silver (PAA-T) and Corner Bay Silver (BAY-T), the deal remains conditional on Corner Bay’s securing water rights for the Ala…
TVX posts improved earnings (August 26, 2002)
Buoyed by a higher gold price and a US$1.2-million gain on the sale of its residual interest in the Casa Berardi mine in northwestern Que., Toronto-based TVX Gold (TVX-T) posted improved second-quarte…
SouthernEra to boost Messina stake
With an eye toward increasing its stake in the Messina platinum group metals mine in South Africa, SouthernEra Resources (SUF-T) has agreed to underwrite a rights issue by the mine’s owner, Messina.Me…