News


Aussie miner seeks damages from contractor

Denver — Australia’s Equatorial Mining has filed suit against consulting giant Kvaerner, seeking US$145 million in damages after the Tonopah copper mine in southern Nevada failed to live up to expect…


Phelps Dodge slashes output

Denver — As anticipated, Phelps Dodge (PD-N) will cut copper production at operations in New Mexico and Arizona in response to higher energy costs.Most of the cutbacks will occur at the Chino operati…


Feasibility complete at Ntotoroso

Equal partners Moydow Mines International and Normandy Mining (NDY-T) have completed a feasibility study at their Ntotoroso gold property in Ghana.Prepared by Perth, Australia-based Lycopodium, the st…


Anglo seeks to boot Anaconda management

Anaconda Nickel’s controlling shareholder, Anglo American (AAUK-Q), has finally blown a fuse over the slow progress of Anaconda’s Murrin Murrin nickel project in Western Australia, and is seeking a sh…



White House rethinks land regulations

Denver — The administration of U.S. President George W. Bush has heeded pleas by the mining industry and suspended implementation of new rules that deal with hardrock mining on public land.Through th…


Miramar posts loss despite improved mining

The Con and Giant mines, operated by Miramar Mining (MAE-T), exceeded expectations during the last quarter of 2000, allowing the company to generate positive cash flow from operations despite low gold…


Taseko considers refinery for Gibraltar

Preliminary results from pilot-plant metallurgical tests have prompted Taseko Mines (TKO-V) to proceed with a feasibility study for a copper refinery that could revive the dormant Gibraltar copper min…


Cambior’s losses shrink

Emerging from a long period of restructuring, Cambior (CBJ-T) has significantly reduced the amount of red ink on its earnings statement.For the year ended Dec. 31, 2000, Cambior’s net loss was US$81.6…


TSE wipes brow after recent debacle

Easing its downward spiral of late, the broad market fell less than a point over the March 21-27 report period, to finish the week at 7,751.33.Even gold has regained its composure, trading unchanged a…


Dow makes strong comeback

Denver — The Dow Jones industrial average bounced back after a disastrous week, climbing 226.78 points, or 2.3%, to finish the report period ended March 27 at 9947.54.All this meant little to the pri…


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