NA Palladium ups Lac des les resource
The world’s largest open-pit palladium deposit, and Canada’s only primary producer of the metal, just got bigger.The Lac des les mine of North American Palladium (PDL-T) is situated near Thunder Bay,…
News
Afriore, Iamgold to test for gold
Afriore (AFO-V) and Iamgold (IMG-T) have signed a tentative joint agreement to test an area in South Africa with the potential to host extensive Witwatersrand-type gold mineralization.The area contain…
PEOPLE — Summo
Frank Wheatley, James McClements and Gordon Bogden appointed directors.
Tighter market squeezes PCS
Declining fertilizer demand and increased domestic competition took a bite out of Potash Corp. of Saskatchewan’s (POT-T) bottom line during the second quarter.For the quarter ended June 30, Potash Cor…
PEOPLE — OroGrande (August 16, 1999)
G.E. (Tim) Wood appointed president and CEO.
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Improving metals help producers
The Dow Jones industrial average slipped 22.16 points, or 0.2%, to finish the report period Aug. 4-11 at 10,655.15.Mining issues inched upward on improving commodity prices. Gold was up to US$258.70 p…
PEOPLE — Gold Summit
Anthony Roodenburg appointed director.
PEOPLE — Corker (August 16, 1999)
Gordon Hoy appointed president, CEO and director; James Morrice appointed vp land; Bruce Gigg appointed vp engineering and development; Richard Rathier appointed vp exploration; A.E. Barroll, G.W. Phi…
SUPPLIERS NEWS ROUNDUP — BLM awards minerals educators
Golden, Colo.-based Mineral Information Institute (MII) has received an award from the U.S. government for its efforts to educate U.S. school children about mining and minerals.The Excellence in Educa…
INVESTMENT COMMENTARY — Falconbridge recommended for exposure to nickel, copper assets
Production from two new mines has prompted mining analysts to take a closer look at Falconbridge (FL-T), the world’s third-largest nickel producer and Canada’s largest producer of copper.Roger Chaplin…
Seabee production increases
Increased production from the Seabee mine in northern Saskatchewan kept Claude Resources (CRJ-T) in the black during the first half of 1999.Earnings during the period reached $1.9 million (6 cents per…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Rising prices keep nickel miners buoyant
Nickel continued to lead the revived base metal market during the Aug. 4-10 report period, with prices climbing 12 cents to US$2.91 per lb. thanks to a combination of growing demand, shrinking stocks …