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, …
2002
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…
AurionGold rejects cash-sweetened bid
Vancouver — Directors of Australian miner AurionGold are sticking to their guns and advising shareholders to reject a revised, hostile bid from Placer Dome (PDG-T).With falling gold prices knocking P…
Phelps Dodge takes loss in quarter (August 05, 2002)
Copper producer Phelps Dodge (PD-N) lost money in the three months ended June 30 but was able to reduce operating and overhead costs and clear off debt.The Arizona-based company booked a loss of US$36…
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 — North American Mining Index (August 05, 2002)
70.81 (+3.95)(Sept. 30/98 = 100)…
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 …
Skanska builds Canadian presence Silver
Cementation Skanska, part of the Stockholm-based Skanska group of companies, has doubled the size of its Canadian business by acquiring Aurora Quarrying, a mining contractor based north of Toronto.Est…
Axmin finds gold at Passendro
Following a campaign of rotary air blast (RAB) drilling at its Bambari property in the Central African Republic, Axmin (AXM-V) has confirmed mineralization along the strike extension of its Passendro …