Cominco surges ahead on power sales
Taking advantage of the energy crisis gripping the southwestern U.S., Cominco (clt-t) has curtailed zinc production at its refinery in Trail, B.C., and freed up additional power to sell into the Ameri…
News
Spending steadied in 2000
The steady decrease in domestic exploration spending that has plagued the industry since 1997 began to slow in 2000, according to a study compiled by the Department of Natural Resources.Exploration sp…
Manhattan gains extension
The government of Peru has granted Manhattan Minerals (MAN-T) a one-year extension to an option agreement for the Tambo Grande concessions, which will allow for further optimization of the initial gol…
Producer and Dealer Prices (April 23, 2001)
Antimony: Mid-mkt US$1,290/t.Bismuth: Mid-mkt US$3.95/lb.Cadmium: Mid-mkt US$0.22/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$11.80-14.00/lb.Copper: Comex May US$0.7645/lb.Indium: In…
Dayton sees red in 2000
Vancouver — The latest casualty of historically low gold prices is Dayton Mining (DAY-T), which posted a loss of US$31.4 million (or US$1.17 per share) for 2000.”The company’s results were dominated …
Redcorp Ventures eyes Keno Hill project
Vancouver — Redcorp Ventures (RDV-T) has inked a $2.8-million deal to acquire the past-producing Keno Hill zinc-lead-silver property in the Yukon.The announcement was made after insolvent United Keno…
Mineral ‘orphanage’ grows in Central America
They’re the orphans of Central America: mineral deposits that were on the verge of development, or in production, when low metal prices forced their owners to abandon them. While the failure of Greens…
Sinking TVX awaits Greek court decision
Gold prices twisted and turned over the holiday-shortened April 10-17 report period, closing up $1.65 for a London morning fix of US$260.10 per oz. on April 18.The biggest mover among Canada’s gold ma…
Corriente intensifies search in Ecuador
Vancouver — Over the past year, Corriente Resources (CTQ-T) and its partner, American geologist David Lowell, have completed 15,000 metres drilling on four properties in the Corriente copper belt in …
Kennecott expands Rocky Island JV
Results from regional and follow-up till sampling on the Rocky Island Lake joint venture in north-central Ontario have prompted Kennecott Canada Exploration to stake more than 400 sq. km of additional…
Playfair Mining assesses San Miguel
An ongoing soil survey at the San Miguel property in Mexico’s San Luis Potasi state is whetting the appetite of Playfair Mining (PLY-V).All but one of the 103 samples taken to date exceeded 5,000 part…
Mining key to Dominican Republic’s reconstruction
Denver — The election of Hipolito Mejia as president of the Dominican Republic May 2000 seems to be having a positive effect on the country’s mining industry.The government recently created an agency…