KEGS Foundation awards nine scholarships
The KEGS Foundation has awarded scholarships totaling $7,500 to nine undergraduate in geophysics at five Canadian universities.Recipients include the following: Michael Ash, Michael Wheeler and Olabus…
2002
Wayside hits more gold (August 05, 2002)
Vancouver — With the latest drill results from the northwestern extension of the Bonanza Ledge prospect showing little gold, International Wayside Gold Mines (IWA-V) has remobilized its rig to the or…
Pechiney bolsters global aluminum production
Paris-based Aluminum giant Pechiney has won several production contracts, which will boost capacity at several major smelters.Output at Aluminum Bahrain, in Alba, will be increased by 308,000 tons. At…
Gold Funds (August 05, 2002)
Gold Funds as at July 25, 2002Dundee Precious MetalsCentral FundNet Value$19.88$5.98Price$15.05$6.20…
Daily Metal Prices (August 05, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJuly 30July 29July 26July 25July 24Al Alloy1295/128…
AngloGold, unions ink AIDS deal
South African-based AngloGold and five labour unions have signed an agreement to minimize the impact of HIV/AIDS in the workplace.The unions include the National Union of Mineworkers, MWU Solidarity, …
Mining charter ‘unacceptable’ says Anglo
The South African government’s Minerals and Petroleum Resources Development Bill would see black-controlled businesses own 51% of all new mines in the country within 10 years, an arrangement Anglo Ame…
Proposals sink SA shares
The stocks of South African-based miners headed south during the report period ended July 30 as political risk made a stark reappearance.In a document leaked to a Johannesburg-based web site in late J…
Equities bounce back at gold’s expense
The widespread rally in the global stock markets, which started on July 25, pulled the Toronto Stock Exchange TSX Composite index up 350.1 points in the report period July 24-30. The index closed at 6…
The Northern Miner — Small Producers Index (August 05, 2002)
68.38 (-3.34)(Sept. 30/98 = 100)…
Anglo ups Vanguardia stake
South African giant AngloGold (AU-N) has doubled to 92.5% its stake in the Cerro Vanguardia mine in Argentina’s Santa Cruz province, snapping up Perez Companc International’s 46.25% holding for US$90 …
Stillwater down, but not out
Carrying the load of a second mine without the aid of similar metal prices, Stillwater Mining (SWC-N) earned half as much in the second quarter as it did in the comparable period of 2001.Net earnings …