Rio stays in the black
Although somewhat trimmed since its takeover by London-based Billiton last fall, Rio Algom continues to turn a tidy profit.Earnings in the three months ended March 31 topped $18 million on revenue of …
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Gold Fields pays off Tarkwa loan (May 21, 2001)
Denver — Gold Fields (GOLD-Q) has paid off the project loan for the Tarkwa gold mine in Ghana, three years ahead of schedule.The South African company used cash flow from operations, as well as proce…
Aurora insiders exercise warrants
The following insider trading transactions were recently reported in the Ontario Securities Commission’s OSC Bulletin:- Aurora Platinum (ARP-V) — Exploration Capital Partners, owner of more than 10% …
Co-regulation in South Africa
The first conference on environmentally responsible mining in Southern Africa will be held Sept. 25-28 in Muldersdrift, near Johannesburg. Organized by the South Africa Chamber of Mines, the internati…
Anaconda drills Magistral
Vancouver — Anaconda Peru, a wholly owned subsidiary of London-based Antofagasta (ANFGF-O), has kicked off a US$3-million exploration program at the Magistral copper-molybdenum project, north of Lima…
Int’l Annax cuts high grade at Dairi
Diamond drilling at the Dairi zinc-lead project in North Sumatra, Indonesia, is testing the southernmost limits of the high-grade Anjing Hitam zone.International Annax Ventures (IAX-V) reports that th…
Harvey, Lassonde win CIM awards
Yves Harvey, former president of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), received a distinguished service award at the recent CIM MineSpace conference in Quebec City.In addit…
Breakwater hit by falling prices
Lower zinc prices left Breakwater Resources (BWR-T) with a loss of $2.1 million on revenue of $80.8 million for the three months ended March 31.Breakwater’s loss, which translates to 2 per share, com…
Gas explosion claims 12
A methane explosion has killed 12 people at the Beatrix gold mine in South Africa’s Free State.The accident occurred after an underground fan broke down, resulting in a buildup of methane gas, says Go…
Goldcorp posts record earnings
On the back of newfound production at the Red Lake mine in northwestern Ontario, Goldcorp (G-T) has posted its best quarterly earnings and cash flow in nearly a decade.Earnings in the three months end…
Eldorado posts loss
Vancouver — Eldorado Gold (ELD-T) slipped into the red during the first quarter as a result of lower overall production. The shortfall is attributed to a change in mining methods at the Sao Bento min…
Drilling technique could save coal miners money
A drilling technique for coal mining using methane extraction technology has been developed by the Cooperative Research Centre (CMTE) in collaboration with BHP Mitsui Coal. Both are based in Brisbane,…