Aurora uses Inco data to pinpoint targets
Vancouver — Aurora Platinum (ARP-V) will pay Inco (N-T) for the use of data culled from more than 54,000 line km of proprietary electromagnetic and magnetic airborne surveys.Included in the package a…
Inco Limited
VBN retirement: Round II
Stymied in its offer to buy back 90% of its Class VBN shares (NV-T), Inco (N-T) has changed its strategy and is now seeking to retire the shares via a redemption.Originally, Inco offered to buy the se…
Weda Bay develops nickel laterite project
Having delineated a sizable nickel-laterite resource on the Indonesian island of Halmahera, junior Weda Bay Minerals (WDA-T) is now studying the feasibility of developing an open-pit nickel-cobalt min…
Falco has strong quarter Inco moves into the black
Higher metal prices and strong performances from its newest mines have propelled Falconbridge (FL-T) to a profitable first quarter.The company earned $109.5 million (or 60 per share) on revenue of $6…
Old Economy holds firm as New Economy shakes
Bubbles don’t stay aloft forever, and the giant one propelling the much-ballyhooed New Economy was hit by a mean downdraft over our report period ended April 18. While bargain-hunters jumped in to kee…
LionOre makes deal with Inco
LionOre Nickel (Australia) has negotiated a long-term off-take agreement with Inco (N-T) for the sale of nickel concentrate from its wholly owned Emily Ann project in Western Australia. LionOre Nickel…
Inco cuts nickel at Kelly Lake
Nickel major Inco (n-t) has announced an initial resource figure for a major nickel and platinum-group-metals deposit discovered in 1997 at Kelly Lake, near Sudbury, Ont.The deposit holds an estimated…
Anaconda sues nickel mine contractor
Australian nickel producer Anaconda Nickel has filed a US$192-million lawsuit against contractor Fluor Daniel, blaming the engineering firm for start-up woes at the US$650-million Murrin Murrin nickel…
Nickel producers suffer growing pains — Problems stem from engineering design, equipment selection
In discussions with delegates at the 1999 Australian Nickel Conference held here recently, the consensus was clear: the most dramatic change facing the nickel industry is the emergence of the Western …
Inco at break-even level
Inco’s (N-T) relentless drive to cut costs throughout its nickel operations has just about returned the money-losing company to a break-even level.Following losses totalling US$53 million in the three…
PRECIOUS METALS — OGS discovery sheds light on Stull Lake area
The daily press and the public, who usually yawn through both mining reports and government news releases, pricked up their ears at an announcement that kimberlite indicator minerals had been discover…
Social problems in developing countries pose challenge — Canadian companies learning that it pays to be a friendly neighbour
Although Canadian mining companies have made considerable progress improving their environmental record, few of them paid much attention to their social record — particularly in developing nations –…