2000
Mentor steps up work in Quebec
Armed with more than $10 million in working capital, Mentor Exploration & Development (MV-T) has acquired three gold projects in northern Quebec.About $400,000 will be spent this year on the Lac Corve…
Las Cristinas hurts Placer’s performance
Burdened with a US$116-million writedown on the Las Cristinas property in Venezuela, North America’s third-largest gold mining company posted a loss in the second quarter.”Writing off Las Cristinas hu…
Inmet stays profitable in second quarter
Continued strong earnings from its Cayeli mine in Turkey allowed Inmet Mining (IMN-T) to post earnings of $2 million, or 3 per share, on revenue of $24.9 million in the second quarter.The profit was …
FIFTY YEARS AGO–AUGUST 1950
Record demand for yellow metalFear of escalating inflation, combined with the ongoing Korean War, has created record demand for the yellow metal in the Far East, Western Europe and India.In Hong Kong,…
Emerald’s winning crew
They say people make the world go round, and this was indeed the case at the Emerald lead-zinc-silver mine, near Salmo, British Columbia.In the first instance, returning war veterans filled the ranks …
Inco posts US$148m profit in 2nd quarter
Thanks to much stronger prices for nickel and platinum group metals (PGMs), Inco (N-T) has recorded its best quarterly performance in years, bagging a net profit of US$148 million (US70 per diluted s…
Bulk mining explored
The future of bulk mining will be addressed at MassMin 2000, a conference slated for Oct. 30-Nov. 2 in Brisbane, Australia.Bulk mining refers to any large-scale, mechanized method of mining massive un…
Billiton gains stake in CVRD
London-based Billiton will pay US$327 million to acquire an indirect 2% stake in Companhia Val do Rio Doce (CVRD), the Brazilian iron ore and aluminum group, at a 50% premium to the current market pri…
IMA adds to portfolio
Junior IMA Exploration (IMR-V) has picked up additional ground in Argentina’s San Juan province.The Vancouver-based company has negotiated the acquisition of the Mogote property, 70 km north of the re…
Southern Rio acquires Chilean prospect
Junior Southern Rio Resources (SNZ-V) has gained the right to acquire a copper-gold porphyry prospect in Chile.The Santo Tomas property comprises 63 sq. km at an elevation of 3,300 metres, 20 km south…
Marine miner encounters rough seas in Namibia
Unexpectedly difficult mining conditions, combined with an extended port call, hindered Namibian Minerals’ (NMR-T) diamond production in the first half of 2000.The ocean miner cranked out about 100,00…