Remembering the Sullivan mine
When Cominco sent John Hamilton to Kimberley, B.C., in 1976 to work as chief geologist at the Sullivan mine, the province’s mining industry was vibrant. Exploration projects were under way, for which …
News
Algoma unveils credit plan
Algoma Steel is expected to lay off 800-1,000 people from its workforce of 3,900.The layoffs are part of a plan of arrangement and reorganization filed under the Companies’ Creditors Arrangement Act (…
MOST ACTIVE ISSUES, OCTOBER 24-30
ExchgVol(000s)HighLowCloseChangeAlcoa*N1092435.2432.9233.17-0.58…
BHP Billiton rehires illegal strikers
BHP Billiton has rehired 100 of the 400 workers who took part in an illegal strike at the Mozal aluminum smelter in Mozambique. A decision on the remaining workers is imminent.About two-thirds of Moza…
Storliden enters final stretch
With its decline more than half-finished, the Storliden project is taking shape as Sweden’s newest copper-zinc mine.Situated in the Skelleftea district, the project is owned by Swedish-based North Atl…
Copper bottoms as nickel plummets
The metals market got what it wanted during London Metals Exchange Week (Oct. 22-26), with Phelps Dodge announcing substantial cuts to its high-cost copper operations in the southwestern U.S. In spite…
Spot Prices Wed. October 31, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$280.95+$4.80Silver$ 4.28+$0.03Platinum$427.00+$…
Staff Investment Policy (November 05, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Raglan mine a strong performer for Falconbridge
As it struggles to return to profitability, Falconbridge (FL-T) is counting on a strong operating performance at its wholly owned Raglan nickel-copper mine in the Ungava region of northernmost Quebec….
Eldorado pays down debt (November 05, 2001)
Vancouver — With $15.4 million in bank debt and output continuing to slide at its Sao Bento mine in Brazil, Eldorado Gold (ELD-T) posted a loss of US$900,000 (or US1 per share) in the recent third q…
South African investment
Mining companies have committed a total R78 billion to the development, over the next three years, of capital projects across South Africa.According to the Johannesburg-based South Africa Chamber of M…
CVRD eyes copper in Brazil (November 05, 2001)
Vancouver — Companhia Vale do Rio Doce (CVRD) has inked a US$42.5-million deal with Phelps Dodge (PD-N) to pick up the half-stake it does not already own in the Sossego copper-gold property in north-…