BC mines receive safety awards
The government of British Columbia has awarded 13 mines in the province for their safe operating practices.For the second consecutive year, the winner of the John Ash Safety Award, presented to the op…
News
Companies (May 03, 1999)
AnglogoldArgentina GoldArgosy MiningAsarcoAshanti GoldfieldsAshton MiningAtna ResourcesB.Y.G. Natural ResourcesBarrick GoldBattle Mountain GoldBolidenBroken Hill ProprietaryCaldera ResourcesCalliope M…
DIAMOND PAGE — Montello, Kennecott form Manitoba alliance
Alberta diamond explorer Montello Resources (MEO-A) and Kennecott Canada Exploration are expanding their joint-venture relationship to include diamond reconnaissance exploration in Manitoba.Kennecott …
Ourominas now Thistle Mining
A 10-for-1 consolidation of capital and a name change to Thistle Mining (THT-T) have capped the recent refinancing of Ourominas Minerals (OMI-T).The company, which will be converting from an explorati…
TVX forms partnership with Normandy — Development of Olympias to precede Skouries
In a move aimed at cleaning up its balance sheet and financing its overseas projects, TVX Gold (TVX-T) has formed a partnership with Australia’s largest gold producer.The mid-tier producer is selling …
Pierina powers Barrick to record quarter
In stark contrast to its struggling peers, industry-leader Barrick Gold (ABX-T) has just turned in its best quarter ever, thanks to a potent combination of soaring production, falling costs and record…
DIAMOND PAGE — Kennecott discovers kimberlite on Ice
Halfway through a $4.1-million drilling campaign that is testing 30-35 targets on ground shared with Tahera (TAH-T), Kennecott Canada Exploration has made its first kimberlite find.A vertically drille…
Eldorado tables year-end loss
Cost-cutting programs by Eldorado Gold (ELD-T) failed to offset the damage caused by low gold prices in 1998. The Vancouver-based company tabled a year-end loss of US$121.4 million (or US$1.66 per sha…
Gresik smelter starts up
Freeport-McMoRan Copper & Gold (FCX-N) has sold its first batch of copper cathode from the Gresik smelter and refinery in Java, Indonesia.The smelter is operated by P.T. Smelting, which is 70%-control…
Asarco agrees to pay penalty
Asarco (AR-N) has agreed to pay US$5.5 million in environmental penalties without admitting wrongdoing.The company has also committed to spend US$2.2 million for additional cleanup projects at its ope…
Production record for Sherritt’s metals division
Following a $72.3-million writedown on the carrying value of its oil-and-gas assets in Cuba and Italy, Sherritt International ended last year in the red. (After tax, the value of the oil-and-gas write…
EDITORIAL & OPINION — FACTS ‘N’ FIGURES — Growing US economy bolsters mining industry
The U.S. economy expanded 3.9% in 1998, prompting increased consumption of minerals and mineral-based products, according to a study by the United States Geological Survey. Much of this increase in co…