Quebec business elite salute Noranda Magnesium
Quebec’s business community has singled out Noranda’s Magnola metallurgical plant, in Asbestos, for its contribution to the provincial economy.The plant is operated by Noranda Magnesium, a representat…
News
Nord misses payment
Denver — New Mexico-based Nord Pacific (NPF-T) has failed to make a required payment for the Tritton copper project in New South Wales, Australia, prompting its partner, Australian-listed Straits Res…
Producer and Dealer Prices (June 25, 2001)
Antimony: Mid-mkt US$1,125/t.Bismuth: Mid-mkt US$3.78/lb.Cadmium: Mid-mkt US$0.28/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$10.15-12.75/lb.Copper: Comex May US$0.716/lb.Indium: Ind…
Mine show digs for funding
The Great Canadian Mine Show is in need of additional funding.Since its launch in March at the Toronto convention of the Prospectors & Developers Association of Canada, the show has made stops in the …
Cominco leases Mesaba copper-nickel deposit (June 25, 2001)
Vancouver — Cominco (CLT-T) intends to apply its new hydrometallurgical technology to the Mesaba copper-nickel deposit in northern Minnesota. The company acquired the rights to the large, undeveloped…
Weda Bay advances Halmahera (June 25, 2001)
Vancouver-based Weda Bay Minerals (WDA-T) has tabled a positive prefeasibility study at its laterite nickel-cobalt deposits on the Indonesian island of Halmahera.The study, completed by Kvaerner Proce…
Inco to work on dry laterite at Goro
Dry nickel laterites, which once represented the future of nickel, have been writing their own checkered history over the past three years. Hyped as a revolution in nickel production, they have turned…
Australia top destination for exploration spending
Australia attracted 17.3% of global exploration funding last year, more than any other country in the world, though spending fell 19% to A$676.3 million from the previous year. Gold was the main targe…
Campbell completes merger
With final approvals in hand, Campbell Resources (CCH-T), MSV Resources (MSV-T) and GeoNova Explorations (GNE-M) expect to complete their proposed merger by the end of June.The deal calls fo…
PEOPLE (June 25, 2001)
Avalon — R.J. Anderson appointed VP finance and CFO.Canarc — Leonard Harris and Stephen Peck appointed directors.Cogema — Tim Gitzel appointed president and CEO; Vincent Martin appoint…
Correction (June 25, 2001)
A report on Majescor (MAJ-M) in our June 18-24 issue stated that on a global scale, less than 30% of kimberlites are diamondiferous, and fewer than half of all known kimberlites have been developed in…
Wawa area yields more stones
Diamond exploration in the Wawa area of Ontario has turned up the largest stone yet recovered from one project, while leading to several new discoveries at another.At the GQ property, Band-Ore Resourc…