Reporting social standards
A global survey by KPMG suggests that mining companies are making good progress in their efforts to become more accountable to external stakeholders, including non-governmental organizations (NGOs).Th…
2000
Lower sales sink Freeport in third quarter
Denver — Lower sales volumes resulted in a third quarter loss for Freeport-McMoRan Copper & Gold (FCX-N). The major incurred a net loss of US$9.2 million (or 6 per share) in the 3-month period ended…
Ecuadorian posts resource
Denver — Following completion of a second round of drilling, Ecuadorian Minerals (EMC-T) has reported a new resource at its Beroen gold-silver project in Ecuador.The 27 holes recently drilled bring t…
East Malarctic posts higher earnings
East Malartic Mines’ gold operation, 50 miles east of Rouyn-Noranda, Que., is completing its most profitable year since 1942.Profits for the first 10 months of 1950 were $186,332, compared with earnin…
HudBay, Eureka prove up Lottie Lake VMS property
There’s nothing terribly subtle about the mineral indicator chemistry on Eureka Resources’ (EUK-C) Lottie Lake property, 25 km northwest of Wells in British Columbia’s Cariboo mining district. Two yea…
Canabrava replenishes till
A private placement will enable Canabrava Diamond (CNB-V) to buy new properties and finance ongoing exploration at existing ones.Four million units will be issued at 50 apiece. A unit consists of one…
Aquest abandons Anabella
Disappointing drill results on the Anabella gold-antimony project in Guatemala have led Aquest Minerals to cancel its option agreement.The junior says the project does not contain enough ounces to jus…
Exchange Rates (November 27, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 21Nov. 20Nov. 17Nov. 16Nov. 15US$ in C$1.55471.55891.55931.5…
CDNX slides further into bear country (November 27, 2000)
Canada’s junior exchange continued its month-long skid, as all indices remained in negative territory during the report period Nov. 15-21. The Canadian Venture Exchange composite index plunged 133.62 …
Geomaque eyes Marathon deposit in Ontario
Geomaque Explorations (GEO-T), best known for its open-pit gold mines in Latin America, is trying its hand at a polymetallic surface deposit in northern Ontario.Polymet Mining (POM-V), which remains f…
PEOPLE (November 27, 2000)
Uganda Gold Mining — Egil Livgard appointed director.Zenda Capital — Thomas Meredith appointed interim president.Globaltex — Thomas O’Brien appointed president and CEO.
Nickel and X-ray satellites
Burning its way into space on a column of fire last December, the world’s most powerful X-ray satellite took just 29 minutes to travel from the European Space Agency’s spaceport in Kourou, French Guia…