Namco hits a sweet spot (July 29, 2002)
Marine diamond miner Namibian Minerals (NMR-T) has hit a sweet spot on Feature 22 at its Hottentot Bay grant off th…
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Trading Summary (July 29, 2002)
Bargain hunters helped Toronto stocks rebound on Monday, but failed to power Canada’s senior exchange to the impres…
E3 manual goes online
Users will have their first peek at the Environmental Excellence in Exploration (E3) e-manual in early August, when the Prospectors & Developers Association of Canada makes part of it available for vi…
Fire assay course in Montana
The Center for Advanced Mineral and Metallurgical Processing at the University of Montana will host a course on fire assaying.The course, slated for Aug. 18-23 at the Fairmont Hot Springs Resort, is d…
Daily Metal Prices (July 29, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJuly 23July 22July 19July 18July 17Al Alloy1280/128…
LME Warehouse Levels (July 29, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 23 (change from July 16 in brackets):MetalStock (tonnes)ChangeAluminium1258750(-…
Inco takes US$1.6-b Voisey’s writedown
In a widely anticipated move, Inco (N-T) has written down the carrying value of the Voisey’s Bay nickel project in Labrador by US$1.6 billion to US$2.2 billion.Inco could act on the matter as the comp…
Turquoise Hill grows
Vancouver — Ongoing drilling by Ivanhoe Mines (IVN-T) at the Turquoise Hill and Kharmagtai projects in Mongolia has expanded gold and copper mineralization.Results from Turquoise Hill indicate that t…
Mining faces challenges
Mining faces some of the most difficult challenges of any industry and is distrusted by many, according to a report by the London-based International Institute for Environment and Development (IIED).T…
Collahuasi, Lomas Bayas firm up Falco earnings (July 29, 2002)
Higher sales volumes combined with newfound production from the Lomas Bayas mine in Chile to keep Falconbridge (FL-T) financially steady during the three months ended June 30.The company earned more t…
News – 29-JUL-02
Mistrust and the bear market
There is an adage that recession uncovers what auditors do not. If that is so, then the recent one turned over a rock like nobody has seen in recent memory.The Enrons, WorldComs, and others have done …