Inmet Mining returning to profitability
Restructuring has paid off in higher second-quarter earnings for troubled base metal miner Inmet Mining (IMN-T), which posted a profit of $25.2 million for the three months ended June 30.The company e…
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Dynatec to operate gold mine
Once the Ken Snyder gold-silver mine is up and running early next year, royalty companies Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) plan to turn over operational management to Toronto-…
EDITORIAL — Tobin tells miners, ‘my way or the highway’ — Rat pack tactics
Planning to explore for minerals in Newfoundland or Labrador? If you find something big, be prepared to butt heads with Brian Tobin, rat pack premier of The Rock and environs, fearless defender of the…
COMMENTARY — Miners seeking GSC data
.BMichael ThomasThe regional geophysics section of the Geological Survey of Canada (GSC) focuses on the acquisition, archiving, distribution and analysis of aeromagnetic and gravity data. Historically…
CIM shipshape for boat cruise
The Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum will host its annual boat cruise and Monte Carlo Night on Aug. 19.Boarding of The Northern Spirit at the docks at the f…
SUPPLIERS NEWS ROUNDUP — Lawmakers tour midwestern U.S. mines
In an attempt to impress on lawmakers the importance of mining in the midwestern U.S., two mining associations recently gave a group of congressional legislators a tour of the region’s network of supp…
Major General, McWatters bullish on Baie Verte region
A letter-of-intent agreement between Major General Resources (MGI-V) and McWatters Mining (MCW-M) is paving the way for development of the Hammerdown and Rumbullion gold deposits in Newfoundland’s Bai…
Rio Algom posts profits
Despite tough times for base metal producers, Rio Algom (ROM-T) enjoyed a profitable second quarter as it continued to expand both its copper production and its metals distribution business.Earnings t…
Freegold outlines Alaskan targets
Although assays are pending, International Freegold Mineral Development (ILF-V) reports that potentially economic mineralization has been uncovered at its Golden Summit project, 20 miles north of Fair…
Conference to cover global investing
A conference examining the opportunities and pitfalls of international mining operations will be held Oct. 26-27 in London, England.The event, titled “Global Emerging Markets,” will include such topic…
FACTS ‘N’ FIGURES — The rise of gold swaps
The launch of the European Central Bank in July and the approach of European monetary union raise a number of interesting possibilities for gold in the official sector. At the same time, the lack of t…
Placer emergency team helps with cleanup in PNG
An emergency services team from Placer Dome’s 50%-owned Porgera gold mine will remain in the Aitape region on the northern coast of Papua New Guinea to aid victims of tidal waves that destroyed four v…