AngloGold joins online marketplace
AngloGold recently made its systems compatible with those of Quadrem, an online marketplace for metals and mining products, and now the South African gold giant is doing business on the Internet.Anglo…
News
Another coal mine closes in England
More than 2,000 mine workers in England will lose their jobs following the closure of the country’s biggest coal mining complex, near the northern town of Selby.UK Coal, which has incurred losses of U…
Record amounts spent on Aussie gold search
A record A$7.6 billion will be spent exploring for gold in Australia in 2002-03, up from A$6.7 billion in 2000-01, according to a survey by the Australian Gold Council.Gold producers will account for …
Lower output whacks FCX earnings
True to its early-July warning, Freeport-McMoRan Copper & Gold (FCX-N) has seen its bottom line eroded by heavy rainfall and lower head grades at the Grasberg mine in Indonesia.In the second quarter, …
Diamond Fields seeks damage control
Hoping to win over skittish investors, Diamond Fields International (DFI-T) has released new results from its marine diamond project off the coast of Namibia that suggest things are not as bad as its …
Casa Berardi drilling extends gold zone to the east
Drilling by Aurizon Mines (ARZ-T) at the inactive Casa Berardi mine in northwestern Quebec has cut significant gold values east of known mineralization.The $2-million program, which is testing extensi…
Diamond targets in NE Ontario
Stream-sediment sampling by the Ontario Geological Survey in the Mattawa-Cobalt corridor has identified significant kimberlite indicator minerals at several sites. The area is believed to host kimberl…
Queenston drills at Kirkland Lake
Fresh on the heels of a $5-million financing, Queenston Mining (QMI-T) has closed the purchase of Newmont Mining’s (NEM-N) half-interest in the Kirkland Lake joint venture in Ontario and launched a ne…
PEOPLE (July 29, 2002)
Coeur d’Alene — Mitchell Krebs appointed director of corporate development.Desert Sun — Eric Edwards appointed CFO; Peter Bojtos appointed director; William Pearson and Godfrey Walton appointed cons…
New chemical regulations could affect mining
The federal government has drafted regulations that seeks to “classify” certain information on materials and chemicals that could be dangerous in the hands of terrorists.The rules will apply to large …
Investors bail out of junior stocks
Vancouver — A lack of buyers, combined with a wave of sell orders, pushed Canada’s junior exchange to its largest weekly point decline of the year. During the report period ended July 23, the Standar…
GREATEST VALUE TRADED, JULY 17-23
ExchgVal($000s)HighLowCloseChangeAlcanT61938550.3541.4141.41-6.40…