Boliden sells assets to restore strength
Financially beleaguered Boliden (BOL-T) reported a net loss of US$25.1 million (or 11 per share) for the first quarter of 2001, up from a net loss of US$18.1 million (18 per share) a year earlier.In…
News
GREATEST VALUE TRADED, MAY 2-8
ExchgVal($000s)HighLowCloseChangeAlcoa*N 464818 41.90 40.09 40.34 – 1.16…
Noranda hits more copper-gold at El Morro
Great results keep rolling in from the El Morro copper-gold project in north central Chile, where Noranda has been drilling as part of an earn-in agreement with owner Metallica Resources (MR-T).The la…
Brancote advances Esquel gold project in Argentina
A 20,000-metre drilling program aimed at upgrading the inferred resource of the Football Field zone at the Esquel gold project in southern Argentina is now more than 60% complete.London-based Brancote…
Realists, idealists clash over energy
American President George Bush and Vice-President Dick Cheney are realists, which is why fossil fuels are a cornerstone of their newly formulated energy policy. Given the nation’s ravenous appetite fo…
News – 14-MAY-01 (May 14, 2001)
Bedwell’s booms and busts
Gold was first found in the bed of the Bedwell River by the Vancouver Island Exploring Expedition party, led by John Buttle in 1865. When the report of the discovery reached the city of Victoria, a hu…
Algeria takes bids for land
The Algerian government is seeking tenders for diamond exploration on a 542,000-km section of land running along the borders of Mali, Mauritania and Morocco and which stretches northeast beyond the ci…
Lower Metal Prices causes Grupo Mexico to post loss
Despite an aggressive cost-cutting campaign, Grupo Mexico registered a loss of US$48.8 million on revenue of US$773.2 million in the three months ended March 31.Lower metal prices and higher energy co…
Producer and Dealer Prices (May 14, 2001)
Antimony: Mid-mkt US$1,245/t.Bismuth: Mid-mkt US$3.85/lb.Cadmium: Mid-mkt US$0.22/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$9.95-11.80/lb.Copper: Comex July US$0.7685/lb.Indium: In…
Meliadine West put on block
Australia’s WMC has notified its two Canadian partners, Cumberland Resources (CBD-T) and Comaplex Minerals (CMF-T), that the Meliadine West gold project in Nunavut will be included in the packa…
Colorado Geological Survey publishes coal directory
Maps showing production and distribution patterns are among the chief features of Colorado Coal Directory 2000.The maps also show the location of mines, permit boundaries, topography, and areas of pas…