Hutchison: a miner’s miner
In my opinion, William Hutchison was the prime mining executive on the team from Preston East Dome and Technical Mine Consultants.Hutchison understood the importance of getting the project in producti…
Rio Algom Limited
Noranda profits grow
Stronger metal prices enabled Noranda (NOR-T) to overcome hefty unusual costs and to end 2000 substantially richer than it began.The major earned $293 million (or $1.14 per share) on sales revenue of …
Odds ‘n’ sods: Hart and Soul of Elliot Lake
In earlier columns, I referred to the Preston East Dome team and Technical Mine Consultants (TMC), which were both controlled by Joseph Hirshhorn (1899-1981). The so-called Preston East Dome team cons…
Stollery’s legacy
In 1949, Arthur Stollery (1914-1994) was working for Franc Joubin (1911-1997) at the Camray Uranium prospect, north of Sault Ste. Marie, Ont. Joubin asked him to examine the surface showing on the Lon…
Global giants get boost from platinum, diamonds
Until about five years ago, London’s mining giants could only watch in envy as investors paid hefty premiums for shares of much smaller companies listed on North American exchanges. London’s mining se…
Minnesota more appealing than survey suggests
Perceptions may be everything, but perceptions may be erroneous.The Fraser Institute has again published its “survey” of the technical and political attractiveness of a selection of jurisdictions for …
Discoveries by McWatters, Noranda highlight 2000
The dreary state of metal markets failed to deter several domestic explorers from advancing their projects in 2000. Leading the pack was McWatters Mining, which began the year with a fourfold increase…
Noranda continues profitable growth, enhances Perseverance
Stronger commodity prices nudged Noranda’s (NOR-T) third-quarter earnings a little higher, despite higher energy prices and an ongoing strike at the Sudbury, Ont., operations of subsidiary Falconbridg…
Noranda
Vancouver — Improved earnings from coal operations and Cominco’s (CLT-T) solid financial performance helped Teck (TEK-T) post an impressive third-quarter profit.The Vancouver-based major tabled earni…
Correction (April 17, 2000)
In our April 10 issue, we incorrectly stated that the Majistral deposit in Peru, held by Inca Pacific Resources (IP-V), has reserves of 500 million tonnes averaging 1.2% copper, 1% zinc, and 0.03% mol…
Broad market rebounds but resource stocks mixed
Recouping over a quarter of the loss reported for the previous period, the Toronto Stock Exchange 300 index climbed 216.19 points between April 5 and April 11 to end the week at 9,358.03, or 2% higher…
Antamina overshadows progress at Spence
While engineering, procurement and construction continue at the Antamina copper-zinc project in Peru, Rio Algom (ROM-T) is forging ahead with a full feasibility study for its wholly owned Spence coppe…