Steam-assisted gravity drainage makes debut
The use of steam and gravity to dislodge oil from the tar sands underlying Alberta and Saskatchewan is gradually becoming an accepted recovery technique as pilot projects mature into commercial operat…
News
Producer and Dealer Prices (April 29, 2002)
Antimony: Mid-mkt US$1,260/t.Bismuth: Mid-mkt US$3.15/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.70-7.70/lb.Copper: Comex May US$0.7315/lb.Indium: Indi…
Canadian Oil Sands earnings hit by lower oil price
The Syncrude project’s second-largest shareholder is not an oil company at all. But year-end found the Canadian Oil Sands Trust (COS.UN-T) taking an earnings hit similar to that suffered by the large …
PT Inco squeaks out quarterly profit
Higher nickel-matte output by Inco’s (N-T) 59%-owned Indonesian subsidiary PT Inco helped offset a sharp drop in realized nickel prices during the first quarter.Situated on the island of Sorowako, PT …
Aurizon turns to Casa Berardi for growth
Aurizon Mines (ARZ-T) continued to pile up losses during 2001 as it wound down existing operations and turned its attention to developing the promising Casa Berardi project in nortwestern Quebec.For 2…
Breakwater improves
With zinc prices coming off record lows, Breakwater Resources (BWR-T) is starting to produce more.During the first three months of 2002, the company produced 60,470 tonnes zinc in concentrate, up 15% …
Teck Cominco faces fine
Vancouver — The Workers’ Compensation Board (WCB) has fined Teck Cominco (TEK-T) $270,000 for an accident last year at its Trail lead smelter, in British Columbia, in which workers were exposed to to…
Exchange Rates (April 29, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 23April 22April 19April 18April 17US$ in C$1.57521.57281.5719…
Miramar hits targets despite setback
Vancouver — During the first quarter, Miramar Mining’s (MAE-T) operations at Yellowknife, N.W.T., were well on their way to establishing a solid base for a productive year. However, the temporary sus…
Carlin trend produces 50-millionth oz.
The Carlin trend in Nevada has joined such venerable gold camps as Timmins, Ont., South Africa’s Witwatersrand and Uzbekistan’s Muruntan as the latest in the world to produce 50 million oz. gold.The t…
Insiders bask in hot resource sector
Recent insider trading transactions reported by the Ontario Securities Commission include the following:- Barrick Gold (ABX-T) — Brian Mulroney, director, exercised 237,500 options indirectly at $22….
Oil sands spell self-sufficiency for Canada
The recoverable portion of Canada’s crude bitumen resources, a black tarry hydrocarbon that coats the sands and carbonate sedimentary formations in the Athabasca, Cold Lake and Peace River regions of …