The Sullivan legacy
Sustainable development in the mining industry means the creation of lasting benefits after an orebody is exhausted. People often ask how the exploitation of a non-renewable natural resource can be co…
Teck Resources Limited
Remembering the Sullivan mine
When Cominco sent John Hamilton to Kimberley, B.C., in 1976 to work as chief geologist at the Sullivan mine, the province’s mining industry was vibrant. Exploration projects were under way, for which …
DRC extends Afton at depth
Vancouver — Deeper drilling by DRC Resources (DRC-V) is attempting to boost tonnage at the past-producing Afton copper-gold mine, near Kamloops, B.C.Hole 42, drilled as part of an ongoing $2-million …
Cut in Bank of Canada rate falls on deaf ears
Hoping to boost investor confidence, the Bank of Canada shed 75 basis points from its key lending rate on Oct. 23, bringing it to a 40-year low. But so far, the decision appears to have backfired: the…
Noranda slips into the red
The ongoing slump in metal prices pushed Noranda (NRD-T) $60 million into the red during the third quarter as revenue slipped to $1.46 billion.The loss, which translates into 27 per share, compares w…
Base metal consumption falls
The extent to which the world has changed since the events of Sept. 11 was made more clear when the base metals industry gathered for LME Week (Oct. 22-26), a major event in the metals calendar year. …
Writedowns take toll on Teck
Vancouver — The diversity in Teck Cominco’s (TEK-T) mining portfolio failed to offset the effect of plunging metal prices as the newly formed major posted a third-quarter loss of $105 million (or 62…
Antamina producing ahead of schedule
With base metal prices at multi-year lows, this is not a good time to be coming to market with new production. Nonetheless, the huge Antamina copper-zinc project in Peru achieved commercial production…
Estimation Guidelines committee off and running
An Estimation Guidelines committee led by the Canadian Instiute of Mining, Metallurgy and Petroleum (CIM) and created as a result of recommendations of the Mining Standards Task Force is busy preparin…
Redhawk eyes zinc-oxide potential of Guatemalan prospect
Junior Redhawk Resources (RDK-V) hopes the key to developing several zinc-oxide prospects in the Americas lies in the hands of ZincOx Resources, a private, London-based company whose founding members …
Teck Cominco braces for recession (October 15, 2001)
Vancouver — Plunging base metal prices have prompted Teck Cominco (TEK-T) to reduce the carrying value of non-operating properties by $154 million and take other non-cash charges of $15 million.The m…
Northern Miner Indices (October 15, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T21.0CamecoCO-T3.9FalconbridgeFL-T5.1Franco-Nevada MiningFN-T7.0Freeport McMoRan Cop’r BFCX-N4.8Homestake MiningHM-N7.4I…