Harvey, Lassonde win CIM awards
Yves Harvey, former president of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), received a distinguished service award at the recent CIM MineSpace conference in Quebec City.In addit…
2001
Gas explosion claims 12
A methane explosion has killed 12 people at the Beatrix gold mine in South Africa’s Free State.The accident occurred after an underground fan broke down, resulting in a buildup of methane gas, says Go…
Goldcorp posts record earnings
On the back of newfound production at the Red Lake mine in northwestern Ontario, Goldcorp (G-T) has posted its best quarterly earnings and cash flow in nearly a decade.Earnings in the three months end…
Eldorado posts loss
Vancouver — Eldorado Gold (ELD-T) slipped into the red during the first quarter as a result of lower overall production. The shortfall is attributed to a change in mining methods at the Sao Bento min…
Drilling technique could save coal miners money
A drilling technique for coal mining using methane extraction technology has been developed by the Cooperative Research Centre (CMTE) in collaboration with BHP Mitsui Coal. Both are based in Brisbane,…
Northern Miner Indices (May 21, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T19.3ComincoCLT-T5.1FalconbridgeFL-T6.7Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N6.7Homestake MiningHM-N4….
Gold companies show signs of life after auction
Gold staged a bit of a rally during the May 9-15 report period, as the yellow metal climbed US$3.90 to trade at US$269.10 per oz. in London on the morning of May 16.Amid the price rise, the Bank of En…
Gold weathers latest auction
Denver — The Dow Jones industrial average dipped 10.54 points, or 0.01%, to 10,872.97 for the report period ended May 15, despite a 0.5% interest rate cut by the U.S. Federal Reserve.However, spot go…
EXCHANGE RATES (May 21, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 15May 14May 11May 10May 9US$ in C$…
BC election triggers rally on CDNX
The recent election campaign in British Columbia, which left little doubt that the ruling New Democratic Party was headed for oblivion, gave western markets a boost over the report period ended May 15…
Teck resumes drilling at White Silver Mountain
A district-wide exploration program completed last year has produced followup targets for Teck (TEK-T) and Minco Mining & Metals (MMM-T) at the White Silver Mountain project in Gansu province, China.T…
Antofagasta chairman chips in properties
Denver — A.A. Luksic, chairman of Antofagasta (ANFGF-Q), has contributed several northern Chilean properties to the London-based copper producer from his privately owned investment firm Mineralinvest…