Industrial minerals sale hits snag for Hecla
Denver — Hecla Mining (HL-N) has filed suit in U.S. federal court against Toronto-based Zemex (ZMX-T) for refusing to close on the agreed-upon transaction to buy Hecla’s industrial minerals subsidiar…
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Temex active at Temagami
Toronto-based Temex Resources (YTM-V) has raised more money to explore various projects in Ontario’s Temagami region.The company has privately placed, with the Contrarian Resource Fund 2000, 562,500 u…
And the winner is . . .
Among the more popular awards programs is the “Grammys,” presented annually by the U.S.-based National Academy of Recording Arts and Sciences for outstanding achievement in various categories in the r…
Rio Tinto OKs Northparkes
Denver — London-based Rio Tinto (RTP-N) has approved development of the Lift 2 project at the Northparkes copper-gold mine in New South Wales, Australia.Construction of the A$139-million project will…
Trail reduces zinc output
The Waneta Dam, on the Pend Oreille River, near Trail, B.C., is becoming a cash cow for Cominco (CLT-T). The zinc producer has been selling excess power to utilities and other customers in the wake of…
Grasberg mine a star performer for Freeport-McMoRan
Denver — Higher grades and better recovery rates at the giant Grasberg operation in Irian Jaya, Indonesia, resulted in a record- setting fourth quarter for Freeport-McMoRan Copper & Gold (FCX-N).Copp…
Plus a change, . . . Chaos in the Congo
The Democratic Republic of Congo (DRC), formerly Zaire, is aptly described as one of the most chaotic and corrupt nations in Africa. It was that way when rebel leader Laurent Kabila seized control fro…
Stollery’s legacy
In 1949, Arthur Stollery (1914-1994) was working for Franc Joubin (1911-1997) at the Camray Uranium prospect, north of Sault Ste. Marie, Ont. Joubin asked him to examine the surface showing on the Lon…
Placer sinks as gold sags
Gold saw a little price action during the Jan. 17-23 report period as the Bank of England completed another gold auction, selling 803,600 oz. at US$268 per oz., with an over-allotment of 4.8 times.Ove…
Shore Gold cuts thick kimberlite intercept
Junior Shore Gold (SGF-V) has intercepted a possible feeder zone of the Star kimberlite body in Saskatchewan.The fourth hole in a second round of drilling has cut 539.4 metres of kimberlite. Hole 20 w…
Copper Ridge eyes more Mexican ground
Junior Copper Ridge Explorations (KRX-V) has inked a deal that adds the San Carlos and Gitana claims to its stable of Mexican projects.The company is already earning an interest in the Gavilanes and E…
Spot Prices Wed. January 24, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$265.70+$2.60Silver$ 4.77+$0.10Platinum$612.00-$16.00…