People for the West
People who make their living by mining in the United States have perhaps found the past year or so a little more congenial than in the preceding decade. From the repeal of some of the measures in the …
News
Stratoni dodges bullet, another on the way
The Conseil d’tat, Greece’s supreme administrative court, has rejected a local action group’s request for an immediate suspension of TVX Gold’s (TVX-T) Stratoni silver-lead-zinc operation.However, at…
Doyon wins rescue contest
A crew from Cambior’s Doyon gold mine, near Rouyn-Noranda, Que., has won the annual Quebec mine rescue competition.The competition, held at Malartic, brought together four teams that had won prelimina…
Better fundamentals prop up base metals prices
So far in the second quarter, base metals have turned in a disappointing performance. But although the prospects for a concerted recovery in prices over the second half of the year are tentative at be…
Silver in recovery mode
Silver fabrication demand should recover strongly in 2002 as the world’s economies pick up steam, according to World Silver Survey 2002, published by the Washington-D.C.-based Silver Institute.The cur…
Grupo Mexico sees improvements in Q1
Financial results appear to be improving for copper giant Grupo Mexico as cutbacks in production make their effect felt across the organization.Grupo Mexico booked a net loss of US$20.9 million on rev…
GREATEST VALUE TRADED, MAY 29-JUNE 4
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N71024532.6230.5131.56-0.41…
Canada helps Tunisia develop mineral wealth
Natural Resources Canada will help the government of Tunisia manage its digital geographical data.The cost of project is estimated at $4.3 million and will be funded by the Canadian International Deve…
The Northern Miner — North American Mining Index (June 10, 2002)
91.37 (-1.06)(Sept. 30/98 = 100)…
Summo advances restructuring
Denver-based junior Summo Minerals (SMA-T) has already made great strides in its restructuring plan, first announced in early April 2002.The company has converted its debt, totalling roughly C$19 mill…
Malthusian sustainability
Are the authors of “Sustainable development, Part 1” (T.N.M., June 3/02) really ignorant of the most basic “sustainability” activity of all for the human race? Mining provides the raw materials to bui…
SouthernEra eyes $36m for deeper shaft
A bought deal with a syndicate led by National Bank Financial and BMO Nesbitt Burns paves the way for SouthernEra Resources (SUF-T) to raise $36.3 million to help fund a recently approved, US$22-milli…