NAP builds new mine over bones of old
Thunder Bay, Ont. — Lac des les, Canada’s only primary platinum group metal (PGM) mine, has been transformed from the proverbial sow’s ear into a silk purse by record prices for palladium and by an …
2001
Summo bids for half-interest in Matrix
Denver — Junior Summo Minerals (SMA-T) has struck a deal with the two largest shareholders of Matrix Metals for the purchase of a 48% stake in the Australian copper producer.Summo will acquire 40% of…
Drill results add shine to Marlin
Encouraging results from a second round of diamond drilling by Francisco Gold (FGX-V) have contributed to the bulk-minable potential of a gold-silver prospect at the Marlin property in western Guatema…
Stainless future for manifolds
As engine temperatures rise to make harmful emissions fall, automakers are turning to cast stainless exhaust manifolds to prevent thermal fatigue.”Because engines are running much hotter, some applica…
Randgold pulls plug on mine
Denver — In response to low gold prices, Randgold Resources has suspended mining operations at the Syama gold mine in southern Mali. The company, a subsidiary of Randgold & Exploration Co. (RANGY-Q),…
PGE exploration tops agenda at Cordilleran Roundup
Vancouver — Platinum and palladium plays took centre-stage at the 18th annual Cordilleran Roundup, held here in late January. About 2,100 delegates and 128 exhibitors attended the 4-day event, which …
Kinross eyes Kubaka lookalike in Russia
A blind discovery in the Magadan region of northeastern Russia is looking more and more like the producing Kubaka gold deposit.Kinross Gold (K-T), which holds 54.7% interests in both projects, is unde…
De Beers homes in on diamond retail market
Diamond kingpin De Beers Consolidated Mines (DBRSY-Q) is teaming up with France’s LVMH Moet Hennessy Louis Vuitton to form an independently managed company that will develop and sell De Beers’ branded…
Phelps Dodge warns of production cuts
Denver — Phelps Dodge (PD-N) has alerted employees at operations in Arizona and New Mexico to the possibility of shutdowns caused by higher energy costs in California.Electricity costs hit US11 per …
News – 05-FEB-01
Golds tank again on price slide
The Toronto Stock Exchange was modestly higher over the trading period Jan. 24-30, avoiding the wild mood swings it had experienced in December, despite seeing relatively heavy trading. The TSE 300 co…
Torngat yields larger gems
The AD2 site at Twin Mining’s (TWG-T) Torngat diamond property, on the Ungava Peninsula of northern Quebec, has yielded its largest diamond yet.AD2 is one of two sites from which 8-tonne samples of th…