Strike ends at Horne
After nearly a year, strikers have returned to work at Noranda’s (NRD-T) Horne copper smelter in Rouyn-Noranda, Que.Almost 54% of the 550 unionized production and maintenance workers voted in favour o…
Brunswick Mine
Brunswick employees ratify 3-year contract
Employees at the Brunswick lead-zinc smelter in Belledune, N.B., have voted 69% in favour of a 3-year collective agreement that contains no wage increases and will see the smelter shut down for four m…
Exploration heats up in SW New Brunswick
Despite a slump in base metal exploration, 2002 proved to be a banner year for precious metals in New Brunswick. It was gold’s turn to shine as exploration efforts turned up widespread occurrences in …
Noranda to idle troubled Magnola plant
Noranda (NRD-T) will temporarily close its 80%-owned Magnola magnesium plant in Danville, Que., and take an after-tax charge of $630 million against fourth-quarter earnings. The move will affect 380 w…
Noranda launches automation marketing company
Noranda has formed a company called SIAMtec (Systeme Integre d’automatisation Miniere) to market its mining automation technologies. The launch coincided with Quebec Mining Week.Noranda will own 75% o…
Mixed opening for 2002
Base metals enjoyed a mixed opening to the new year (report period Jan. 2-4). Two of the less-fashionable metals, lead and zinc, saw sizable mid-week rallies and closed strongly on Jan. 4. In contrast…
Noranda dragged down by Falco
Noranda (NOR-T) saw its earnings chopped 65% in the first quarter, largely as a result of labour problems in Sudbury, Ont., and slumping metal prices.The major posted a profit of $24 million (8 per s…
Noranda closes Brunswick
Noranda’s Brunswick mine, in the Bathurst area of New Brunswick, has been shut down following the collapse of part of the conveyor system that hauls ore from underground to the surface.Originally, the…
EXPLORATION ’99 – Eastmain, Bubbee expand holdings
Among the companies hoping to revive New Brunswick’s mining industry are Eastmain Resources (ER-T) and unlisted Bubbee Ventures. The companies recently acquired additional claims in the area to cover …
Noranda posts slim first-quarter earnings — Collahuasi, Raglan boost production of copper and nickel
With a major restructuring behind it and several large projects in the pipeline, Noranda (NOR-T) managed to withstand the effects of low metal prices and turn a slight profit in the first quarter.In t…
Noranda maintains strong balance sheet — Major’s restructuring program to focus on mining, metals
Like its competitors, Noranda (NOR-T) experienced drops in third-quarter earnings and revenue as a result of low metal prices.In the three months ended Sept. 30, the company earned $22 million (or 7 c…
EXPLORATION 1998 — Barrick to drill Eastmain project
A 4,000-metre drill program by Barrick Gold (ABX-T) will further test the Lac Elmer gold project in Quebec’s Eastmain River greenstone belt.The major can earn a 50% interest in the project from Eastma…