News
PEOPLE (October 22, 2001)
First Quantum — William Blamires appointed interim CEO.Plexmar — Guy Bedard appointed president and director.Seahawk — Louis Lepry appointed president.Wheaton River…
Gary Turcott
Gary Turcott, a former professor at Cambrian College in Sudbury, Ont., and sales manager for Varel Canada, has died. He was 67.Turcott was born in Flin Flon, Man., in 1934. He later moved with his fam…
Estimation Guidelines committee off and running
An Estimation Guidelines committee led by the Canadian Instiute of Mining, Metallurgy and Petroleum (CIM) and created as a result of recommendations of the Mining Standards Task Force is busy preparin…
NAME CHANGES (October 22, 2001)
Spokane Resources (SKN-V) has changed its name to SKN Resources (SRL-V) on a 1-new-for-10-old share basis.Lucero Resource (LCR-V) has changed its name to Squared Developments…
Falconbridge in red, suspends Falcondo (October 22, 2001)
Low base metal prices have forced Falconbridge (FL-T) to suspend production at its Falcondo operations in the Dominican Republic.The 3-month shutdown took effect Oct. 21, with the 2001 production fore…
High times for copper
For the fifth straight year, copper usage in the U.S. reached record levels.Preliminary data indicate that total usage levels in 2000 were nearly 1% higher than in 1999, a year in which U.S. end use r…
Aurora cuts Lansdowne House reef
Vancouver — Junior Aurora Platinum (ARP-V) has discovered reef-style platinum-palladium mineralization at the Lansdowne House property, northeast of Thunder Bay, Ont.Hole 21, collared 120 metres of t…
Freeport hits lowered profit target (October 22, 2001)
Vancouver — At a time when Afghanistan is being bombed and Muslim fundamentalists are calling for a “holy war” against the U.S., it must be a tad unsettling for an American-based mining company to ha…
Soda ash plants close
With production outstripping demand, prices for soda ash (sodium carbonate) remain depressed, resulting in plant closures as companies seek to reduce supplies.The latest casualties include IMC Chemica…
Oliver makes move
Vancouver — Sitting on over $5 million in cash since the sale of its Segala property in early 2000, Oliver Gold (O…
Geomaque ups Marathon estimate
Drilling and core sampling by junior gold producer Geomaque Explorations (GEO-T) has upped the resources estimate a…