Reversal of 3809 rules makes sense
The repeal of several provisions in the U.S. Department of the Interior’s Surface Management Regulations — usually called the “3809 Regulations,” for their place in the Federal Register — represents…
News
Geologists discuss new technology
The next meeting of the Toronto Geological Discussion Group will examine the merits of 3-D Quest, a technology designed to reduce risks associated with exploration drilling.Robert Gordon, manager of g…
Base metals trend upward following copper production cuts
Base metals were in a strong position at the end of the report period Nov. 5-9. In a delayed reaction to cuts to copper production, prices across the whole base metals complex broke through stops in t…
Newmont bid stirs market
Newmont Mining shocked the gold mining world on Nov. 14 by launching a simultaneous, all-share takeover bid for Canada’s Franco-Nevada Mining and Australia’s Normandy Mining. The deal would create the…
BHP Billiton to close Rietspruit coal operation
Partners Ingwe Coal and Tavistock Collieries will close the Rietspruit coal mine in South Africa.Ingwe is a subsidiary of BHP Billiton. Michael Oppenheimer, president of BHP Billiton’s energy and coal…
Geomaque gains more time
Geomaque Explorations (GEO-T) now has until mid-December 2001 to restructure a credit facility with Resource Capital Fund. All scheduled payments continue to be deferred.Meanwhile, mining activities a…
NovaGold expands Acma target
Vancouver — Recent drill results suggest that NovaGold Resources (NRI-T) is succeeding in defining a small but high-grade deposit within the larger resource at its Donlin Creek deposit in Alaska.Situ…
Solitario goes solo
Now going it alone, Solitario Resources (SLR-T) plans to begin 2,000 metres of drilling at the Pedra Branca palladium-platinum project in northeastern Brazil.This past summer, Rockwell Ventures (RCW-V…
Altius options Rambler property
Altius Minerals (ALS-V) has reached an agreement with privately held Ming Minerals to acquire the northern portion of the past-producing Rambler copper-gold mine in Newfoundland’s Baie Verte Peninsula…
Newmont jumps in
Applying a new twist to industry consolidation, Newmont Mining (NEM-N) has announced its intention to acquire Normandy Mining (NDY-T) and Franco-Nevada Mining (FN-T) to create the world’s large…
Alcoa tipped in takeover of WMC
The board of directors of Australian-based WMC (WMC-N) are reportedly mulling over an unconfirmed cash-and-share takeover bid, worth as much as US$6.2-billion (A$12 billion), or A$11 per share, from U…
New results bolster Skukum Creek
Vancouver — Recent drill results, together with an analysis of historical core, have enabled Tagish Lake Gold (TLG-V) to identify three zones of mineralization not included in previous resource calcu…