Low prices hit Sherritt
The financial performance of Sherritt International (S-T) has always served as an effective barometer of the state of the nickel and cobalt industries. This year was no exception: as might be expected…
News
Companies (November 23, 1998)
Aber ResourcesAfriOreAllican ResourcesAnzex ResourcesArgent ResourcesAshanti GoldfieldsBarrick GoldBema GoldBlack Hawk MiningBlack Swan Gold MinesBolidenBotswana DiamondfieldsCalliope Meta…
Meetings (November 23, 1998)
Nov. 23, Copperstone Nov. 23, Gulf Int’l Nov. 23, Newstar Nov. 23, Profile Nov. 23, Teryl Nov. 24, Alamos Nov. 24, ESM Res. Nov. 24, GHP Nov. 24, Profco Nov. 24, Wellington Cove Nov. 25, Big Valley No…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Madison, Redwood bright spots in glum market
The Vancouver Stock Exchange composite index dropped 4.12 points, or 1%, to close the Nov. 11-17 report period at 401.03. The mining index slipped below the 300 mark, falling 7.57 points, or 2.5%, to …
Losses begin shrinking at Campbell
The first nine months of 1998 have seen an improved financial picture for gold producer Campbell Resources (CCH-T), as falling expenses offset decreased revenues from gold production.In the three mont…
Ground problems halt production at Myra Falls — 4-month suspension to allow rehabilitation of workings
Poor ground conditions, which led to lower-than-expected grades at the Myra Falls mine near Campbell River, B.C., have forced Boliden,/C> (BOL-T) to suspend production and devote the mine’s resources …
McClean Lake on track
Following a brief delay, French-owned Cogema Resources has renewed construction of a tailings plant at its McClean Lake uranium project in the Athabasca Basin, Sask.Development was suspended in mid-Oc…
Partners secure US$600m for Antamina project
Campania Minera Antamina, a Peruvian subsidiary held jointly by Rio Algom (ROM-T), Noranda (NOR-T) and Teck (TEK-T), has signed a commitment with an international banking syndicate for US$600 m…
More nickel deposits join feasibility pipeline
While it’s no match for the Voisey’s Bay ovoid in the grade department, the Ramu nickel-cobalt project in Papua New Guinea (PNG) could join the ranks of the world’s lowest-cost nickel producers ahead …
EDITORIAL & OPINION — COMMENTARY — Changes compel coal exporters
Since the devaluation of the Thai bhat in mid-1997, followed by the collapse of the emerging Asian economies, substantial changes have occurred in the competitive positions of the top coal-exporting n…
Tabakoto prefeasibility study positive — Mining plan envisions pit plus underground decline
A prefeasibility study of the Tabakoto gold deposit near Kenieba in western Mali concludes that the deposit can be mined profitably as a combined open-pit and underground operation.The study, commissi…
Royal Oak reports loss for third quarter — Writedown, low gold price take wind out of company’s sails
Continued weakness in the price of gold has led Washington state-based Royal Oak Mines (RYO-T) to revalue its assets at a gold price of US$300 per oz. and take an $86.4-million writedown on its mining…