Last-minute proposal may stop strike at Kemess
Vancouver — Just days after 300 employees at the Kemess gold-copper mine in northern British Columbia filed strike notice, Northgate Exploration (NGX-T) reached a tentative deal for a 3-year collecti…
News
Noranda launches automation marketing company
Noranda has formed a company called SIAMtec (Systeme Integre d’automatisation Miniere) to market its mining automation technologies. The launch coincided with Quebec Mining Week.Noranda will own 75% o…
Arthur Brant
Dr. Arthur A. Brant, a founding father of mining geophysics, died recently at the age of 91 in Tucson, Ariz.’Doc Brant,’ as he was familiarly referred to by his many students and colleagues at Newmont…
Future bleak for Appalachian coal
Coal provides more than half of the electrical energy needs for the U.S. For more than three centuries, coal has been mined in the Appalachian Basin, one of the most prolific coal-producing regions in…
Dubai aims to secure half of gold trade
Dubai, once dubbed the “city of gold,” will soon have a metal and commodities centre for trading in the yellow metal, diamonds and other commodities.The Dubai Metals and Commodities Centre (DMCC) will…
Northern Miner Indices (April 29, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mini…
PEOPLE (April 29, 2002)
Cons. Thompson-Lundmark — John Paterson appointed director.European Goldfields — Lawrence Kornze appointed director.Glencairn — Peter Tredger appointed director.Manhattan M…
Canadian Stock Exchange Indices (April 29, 2002)
DateApril 23April 22April 19April 18April 17HighLowTSE 3007717.847814.257899.627818.117868.10…
DRC starts drilling at Afton
Vancouver — DRC Resources (DRC-V) has begun a drill program at the Afton mine property, near Kamloops, B.C.Initially, the drilling will try to extend the Afton Main zone toward the surface. The Main …
DRC settles with Banro
Banro (YBE-V) has acquired a 100% interest in four gold deposits in the Democratic Republic of Congo. Under the agreement, the DRC government retains 100% of the tin assets.The properties, known as Tw…
Exploration spending continues slide
A survey of mineral exploration, deposit appraisal and mine development spending predicts that exploration and appraisal spending for 2001 will dip to a historical low of $458 million, a far cry from …
Ashton finds kimberlite in Coronation Gulf
Ashton Mining of Canada (ACA-T) has found a new kimberlite exposed in outcrop on the Kim property in the north Slave region of Nunavut.The newly dubbed Thrift kimberlite was found in outcrop and float…