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…
2001
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$…
El Peon powers Meridian (May 21, 2001)
Denver — Mid-sized gold producers have borne the brunt of low prices during the past year, mostly because so few have mines capable of producing gold for less than US$100 per oz. One notable exceptio…
Electric car uses cobalt battery
Electric Auto Corp. (EAC), based in Fort Lauderdale, Fla., plans to produce a zero-emissions sport utility vehicle (SUV) for the California market.The Silver Volt SUV, equipped with EAC’s Apollo fuel …
PEOPLE (May 21, 2001)
Cons. Beacon — John Squarek appointed director.General Minerals — John Christie appointed director.Hucamp — Elizabeth Kirkwood appointed president and COO.Int’l Uranium…
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…