Phelps Dodge exits deal
Copper producer Phelps Dodge (PD-N) has withdrawn from a previously announced deal with Stratabound Minerals (SB-V), under which it would have earned an interest in the Monarca zinc project in north-e…
News
Caussa, Mountain Lake combine at Ventersdorp
Two Canadian-based mining companies are consolidating their land holdings in the Ventersdorp alluvial diamond camp in South Africa. Caussa Capital (CAU-T) and Mountain Lake Resources (MOA-V) say the c…
MEETINGS (September 11, 2000)
Sept. 12 Black Pearl — annual, specialSept. 12 McVicar Ltd. — annual, specialSept. 12 Patrician Cons. — annual, special; 10 a.m., 684 Farmbrook Crescent, Orleans, Ont.Sept. 12…
Antamina sets the bar in Peru
The Antamina copper-zinc project is breaking new ground in the environmental assessment and permitting process for mines in Peru.The $US2.3-billion project — one of the biggest mining developments in…
Weda Bay boosts nickel-cobalt resource (September 11, 2000)
The initial stages of an US$18.2-million feasibility study on the Halmahera high-grade nickel laterite deposits in Indonesia have increased the indicated and inferred resource to 202.3 million dry ton…
Placer Dome puts muscle into Marcopper cleanup
Despite holding a minority 39.9% interest in Marcopper Mining at the time of a 1996 tailings spill on Marinduque Island in the Philippines, Placer Dome (PDG-T) has shouldered the blame and borne 100% …
NAP on winning streak
Once awash in red ink, North American Palladium (PDL-T) has turned the corner to become a highly profitable junior producer.Net earnings in the three months ended June 30 topped $11.7 million (or 82 …
New world order
Competing takeover bids for base metal producer Rio Algom can’t have come as a surprise to too many industry-watchers. For three years now, the seers have been predicting consolidation in both the bas…
Nelson mired in red ink
Despite higher production and lower costs, Nelson Gold (NLG-T) reported a net loss of US$421,000 on revenue of US$3.4 million for the three months ended June 30.In the comparable period of 1999, the c…
Corrections (September 04, 2000)
William Hayes is the executive vice-president of U.S. and Latin America operations for Placer Dome. He was not elected chairman of Placer Dome as stated in our Aug. 21-27 issue; he was elected chairma…
Volcanic island under study
Geologists have known about the relationship between volcanic action and precious metals deposits for a long time. Now, for the first time, a team of scientists is watching the formation of a volcanic…
GeoNova eyes Bachelor Lake
For $4.75 million in cash and shares, Montreal-based junior GeoNova Explorations (GNE-M) is acquiring Ced-Or’s (COQ-M) interests in the Bachelor Lake gold mining complex.Situated in Quebec’s Le Sueur …