Wardrop assumes some BLM staff
Fifteen geotechnical specialists and engineers from now-defunct BLM Engineering have joined Wardrop, an engineering and consulting firm based in Toronto.Wardrop had completed several projects with Sud…
2001
South Africa examines surface mining
The South African Institute of Mining & Metallurgy will host a conference on open-pit and surface mining, slated for Aug. 29, 2002, in Randburg.The conference is accepting abstracts on such topics as …
DiamondWorks resumes work
In Sierra Leone, DiamondWorks (DMW-T) has resumed exploring the two kimberlite pipes that make up the Koidu project.As a first step, the Vancouver-based company met with government officials to re-con…
UK gold auction gives producers a lift
Hammered by poor showings in the industrial products sector, the Toronto Stock Exchange 300 index tumbled 189.63 points over the five trading days to end the July 4-10 period at 7,558.69.Gold dropped …
Antamina ships first concentrate (July 16, 2001)
The massive new copper mine at Antamina in north-central Peru has shipped its first load of concentrate, putting the project ahead of its scheduled start of commercial production.The Antamina mill, de…
Gold hangs on as market teeters
Denver — The Dow Jones industrial average fell 472.36 points, or 4.4%, to 10,175.64 in the U.S. holiday-shortened report period ended July 10, amid warnings of poor second-quarter earnings. The Nasda…
CDNX continues summer slump
Vancouver — Only the mining index was able to post a small gain over the report period July 4-10 as all other indices slumped. The Canadian Venture Exchange composite index slid 54.74 points, or 1.7%…
Tan Range encouraged at Luhala gold project
The success of Barrick Gold’s (ABX-T) Bulyanhulu mine has been a shot in the arm for junior companies exploring properties in Tanzania’s Lake Victoria district. The senior producer recently exercised …
Survey says platinum could reach surplus
The amount of newly refined platinum, palladium and rhodium entering the market is expected to rise sharply this year, owing mostly to expanded production at many South African operations.Meanwhile, t…
Eldorado revises mine forecast
A Brazilian government decree limiting the use of electricity has forced Eldorado Gold (ELD-T) to modify its production forecast at the Sao Bento mine.Situated in Minas Gerais state, the mine is now e…
Northern Miner Indices (July 16, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.8ComincoCLT-T4.9FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N5.0Homestake MiningHM-N6….
Producer and Dealer Prices (July 16, 2001)
Antimony: Mid-mkt US$1,080/t.Bismuth: Mid-mkt US$3.75/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$9.00-10.50/lb.Copper: Comex Sept. US$0.718/lb.Indium: In…