Diavik inches toward completion
Construction of Canada’s next diamond mine is 58% complete and remains on schedule for completion in April 2003.London-based Rio Tinto (RTP-N) and Toronto-based Aber Diamond (ABZ-T) are spending a tot…
News
Rio Tinto’s drilling leaves partners bullish on Cukurdere’s grade potential
Reverse-circulation drilling by Anatolia Minerals Development (YMC.U-V) and Rio Tinto (RTP-N) at the Cukurdere gold project in Turkey has returned short intervals grading better than 1 gram per tonne….
IOC suspends plant construction
In response to a deteriorating steel market, Iron Ore Co. of Canada (IOC) is suspending construction of its iron-ore pellet plant in Sept-les, Que.The company has been in the midst of a $360-million …
Namibian gets debt reprieve
Junior Namibian Minerals (NMR-T) has been granted another month to restructure its debt.The moratorium, which has yet to be ratified by Namibian’s credit insurers, means that repayments on US$21.25 mi…
Staff Investment Policy (October 08, 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…
Peru’s new president vows to keep mining strong
Arequipa, Peru — Mining is a pillar of Peru’s economy, and newly elected President Alejandro Toledo intends to keep it that way.Toledo, who assumed his new post in July, recently offered reassurance …
News – 08-OCT-01
Testing the ‘safe haven’ theory
Unless an all-out investor-led recovery in gold as a “safe haven” develops, prices will likely remain subdued as a slowdown in the world economy undermines demand for items made with the yellow metal….
The benefits of flow-through
Recent market conditions have exacted a further toll on the exploration sector and prevented the new “super” flow-through share program from performing to expectations.Super flow-through shares are a …
PEOPLE (October 08, 2001)
Manhattan Minerals — Sally Eyre appointed manager of corporate communications.Nucanolan — John Archibald, Gar Rankin and Joe Ruffo appointed directors.Nord Pacific — John Roberts appoi…
Canmine expands cobalt refinery
Canmine Resources is modifying its namesake refinery in Cobalt, Ont., after closing a $6.7-million financing this past summer.A 13,388-sq.-ft. expansion, which will roughly double the size of the plan…
Metorex axes Chibuluma South
Falling copper prices and climbing processing costs have forced London-listed Metorex to pull the plug on the Chibuluma South copper mine in Zambia.The company says the high-grade deposit will be retu…