Harmony may pull plug on Bissett mine
Unable to turn a profit at the Bissett underground gold mine in Manitoba, South African-based Harmony Gold Mining (HGMCY-Q) is considering shutting down the operation.”We will probably put Bissett on …
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Falconbridge chronicles environmental progress
Every year, Falconbridge (FL-T) reviews its environmental performance in its Sustainable Development Report, and the 2000 edition is nothing if not comprehensive and candid.Falco’s parent company, Nor…
Mining index leads charge in CDNX rally
Vancouver — Canada’s junior exchange rallied strongly over the week ended May 1, led by a triple-digit gain in the mining index. The Canadian Ventures Exchange composite index tacked on 41.94 points,…
Falco, AMR lead nickel search in Vietnam
Hanoi, Vietnam — With their eye on the Ban Phuc nickel-copper deposit as a potential development project, Falconbridge (FL-T) and its New Zealand-based partner are investigating the Ta Khoa concessio…
Cayeli strike hits Inmet
Recovering from a 3-month strike at the Cayeli base metal mine in Turkey, Inmet Mining (IMN-T) has posted a first-quarter loss of $3.9 million on revenue of $18.2 million.The loss, 13 per share, comp…
CanAlaska adds diamond project
Vancouver — CanAlaska Ventures (CVV-V) has acquired a diamond property northwest of the Kapuskasing Structural zone in the Superior Craton of northern Ontario.The vendors of the property discovered w…
Ashanti triumphs in quarter
Denver — Overcoming a possible production shortfall, Ashanti Goldfields (ASL-N) posted strong results for the first quarter.Earnings totalled US$9 million (or 8 per share), compared with US$6.9 mill…
Canadian Stock Exchange Indices (May 07, 2001)
DateMay 1 April 30April 27April 26April 25HighLowTSE 3007946.337946.637967.347960.327945.2711401.977382.00Metals & Minerals4703.934701.534753.074750.354650.334757.383206.56…
Grupo Mexico posts first-quarter loss
Despite an aggressive cost-cutting campaign, Grupo Mexico registered a loss of US$48.8 million (US7 per share) on…
De Beers completes Kennady bulk sample
Vancouver — De Beers Canada Exploration, a wholly owned subsidiary of De Beers Consolidated Mines (DBRSY-Q), has c…
First Quantum and Billiton close deal
Vancouver — London-based Billiton has completed a $1-million private placement in First Quantum Minerals (FM-V), p…
Southern Rio drills Santo Tomas
Southern Rio Resources (SNZ-V) has begun a 12-hole, 3,500-metre reverse-circulation drilling program at the Santo T…