Research centre finds home in Ontario’s north
A $6.8-million research and development program at Laurentian University in Sudbury, Ont., will focus on developing mining and environmental monitoring technology.The Ontario government provided $2.2 …
Rio Algom Limited
Rio boosts production, cuts costs
A 50% increase in copper production and an 18% reduction in cash costs helped Rio Algom (ROM-T) stay in the black last year despite a 29% drop in the average price of the red metal.The major reported …
EASTERN MARKETS — TSE moves higher despite rut in resource stocks
The Toronto Stock Exchange was higher over the report period Feb. 17-23, with the retail and manufacturing stocks leading the way. The TSE 300 composite index added 68.26 points, or 1.1%, to close at …
Writedowns lead to loss for Teck — Carosue Dam targeted for feasibility; Antamina contracts awarded
Despite having taken some significant writedowns in junior companies during the past few years, Teck (TEK-T) hasn’t shied away from its longstanding practice of investing in juniors with promising exp…
Drilling expands prospect
Turkey’s ambivalence over the use of cyanide in mining hasn’t impeded exploration at the Yenipazar polymetallic project, a joint venture involving Anatolia Minerals Development (AMCD-C) and Rio Algom …
Strong quarter buoys Cominco
Despite strong fourth-quarter operating results, Cominco Ltd. (CLT-T) ended 1998 in the red. The chief obstacles to profitability were low metal prices and the operating performance of the Kivcet lead…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Junior resource stocks enliven lacklustre market
The Toronto Stock Exchange 300 index gained a modest 20.35 points in the report period Jan. 27-Feb. 2 to close the week at 6,683.78.Buoyed by stronger gold and silver prices, the gold and precious met…
EDITORIAL & OPINION — NEW HORIZONS — Responsibility at heart of INAP
The International Network for Acid Prevention is a recently established organization founded by 17 of the world’s leading mining companies. Its purpose is to promote significant improvements in the ma…
Companies (January 25, 1999)
Aber ResourcesAddwest Minerals InternationalAG Armeno Mines & MineralsAlberta EnergyAmblin ResourcesAmeridexAntares Mining & ExplorationArgentina GoldArmada GoldAshton MiningAurizon MinesBarrick GoldB…
Globex gains Poirier base metal property
Rouyn-Noranda-based Globex Mining Enterprises (GMX-T) has secured the mineral rights to the past-producing Poirier copper-zinc mine, near Joutel in northwestern Quebec.In a complex deal involving mini…
Highland Valley falls victim to low metals prices
The Highland Valley copper mine in the Kamloops region of British Columbia is the latest casualty of poor commodity prices.The major decline in world copper prices over the past 18 months has forced t…
MINING MARKETS & INVESTMENT NEWS – EASTERN MARKETS — Deadly copper price snuffs out Highland Valley mine
The biggest story during the report period ended Jan. 19 was the announcement that the low-grade, high-tonnage Highland Valley copper mine in British Columbia would close in May.The decision was made …