News


Noramco options B.C. copper-gold bets

Two Noramco group companies recently entered into agreements allowing Noramco Mining (TSE) to earn interests in two separate copper-gold projects near Nelson, B.C. Golden Lake Resources (VSE), which h…


New projects mean new challenges for Cominco

The challenges involved in starting several new operations dominated the recent annual meeting of Cominco (TSE). President Robert Hallbauer told shareholders that the company was applying its consider…


Cambior acquiring 100% of Chimo mine

Gold producer Cambior (TSE) has reached an agreement to purchase the 50% interest in the Chimo mine it does not own from Societe Miniere Louvem (TSE). Cambior will pay about $6.4 million for Louvem’s …


PEOPLE INGERSOLL-RAND

Daniel Kletter elected vice-president. He also remains president of the company’s Construction Equipment Group.


Denison has loss in first quarter

Improvements at Denison Mines’ (TSE) uranium operations at Elliot Lake, Ont., were offset by a number of other factors including lower oil and gas production during the three months ended March 31. As…



LETTERS TO THE EDITOR Noranda clarifies `tin suit’

For the record, your April 23 issue referred to “Tin suit fails” in which it was indicated that Noranda lost its suit against the federal government over the International Tin Council affair. In fact,…


Third Eskay zone boosts neighbors

Recent drilling by Prime Explorations below the 21B and 21A zones on the Eskay Creek project north of Stewart, B.C., has encountered a new and discrete mineral zone that lies well beyond existing rese…


Newmont Gold sales record for quarter

North America’s largest gold producer Newmont Gold (NYSE) had a record quarter with gold sales from its Australian and Carlin, Nev., mining operations of 395,700 oz. That represents a 46% increase on …


Ptarmigan mine output growing for Treminco

Vancouver-based Treminco Resources (TSE) appears to be making progress in its bid to become a successful small-mine operator in North America. Record monthly gold production was achieved recently at t…


Environmental cleanup could cost $7 billion

Repairing the damage caused by mining companies to the environment and developing the technology to ensure compliance with new environmental legislation will have a serious financial impact on the ind…


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