Faro mine suspension takes toll on Anvil Range
The last fiscal year was a difficult one for Anvil Range Mining (ARO-T), owner and operator of the mothballed Faro zinc-lead mine in the Yukon.The Toronto-based firm reported a loss of $35.3 million (…
News
FACTS AND FIGURES — Silver inventories dwindling
The silver price was, at best, flat during the first four months of 1997, leading some observers to wonder if something is wrong with the market. The new supply of silver from mines, scrap and other s…
Banro resumes work program
Toronto-based junior Banro Resource (BNRS-C) has withstood the political sea-Change in the former Zaire and is now preparing to explore its gold properties purchased during the Mobutu regime.”We’ve so…
KazMinCo releases resource estimate for Samarskoye copper-gold deposit — Negotiations concluded for development terms and conditions
Based on the results of a prefeasibility drilling program totalling 27,000 metres, Kazakhstan Minerals (KMC.U-T) has reported a preliminary resource estimate for the Samarskoye porphyry deposit in cen…
Int’l coal forum set for autumn
The International Committee for Coal Research will host the 11th annual international conference on coal research from Sept. 9 to 12 at the Palliser Hotel in Calgary, Alta.Entitled “Coal for the 21st …
PEOPLE — P&H MINING EQUIPMENT
Stephen Light appointed vice-president of operations; Scott Alexander appointed vice-president and general manager of MinePro Services (International Group).
Quebec plans review of investment practices
In the wake in the Bre-X Minerals scandal, the three major organizations that represent the mining sector in Quebec have banded together to re-evaluate mining investment practices in that province.The…
ASIAN EXPLORATION — Exploration on the rebound in PNG — Yamana revisits deal with Union Mining
According to foreign-based juniors active in Papua New Guinea, the recent political turmoil in that country is subsiding, as are the associated adverse affects on early-stage exploration programs ther…
EDITORIAL AND OPINION — Will Zaire’s conversion bear fruit? — Sizing up Kabila
Put a few optimistic businesspeople in a room full of cynical journalists and watch the sparks fly. That’s what happened in Lubumbashi, a city in the heart of Zaire’s copper belt, in the aftermath of …
Greatest Value Traded, May 14-20
Exchg.Value ($000)HighLowCloseChangeBarrick GoldT…
ASIAN EXPLORATION — Freeport fights suit
Freeport McMoRan Copper & Gold (FCX-N) will file motions in U.S. courts that seek to dismiss a US$6-billion lawsuit over alleged human rights abuses near the Grasberg gold mine in Irian Jaya, Indonesi…
LETTER TO THE EDITOR — Untruths surround Tulsequah Chief
The David Suzuki Foundation has gone too far in its blind opposition of Redfern Resources’ Tulsequah Chief mine, a project the organization publicly attacked before the company had even completed its …