Teck Cominco faces fine
Vancouver — The Workers’ Compensation Board (WCB) has fined Teck Cominco (TEK-T) $270,000 for an accident last year at its Trail lead smelter, in British Columbia, in which workers were exposed to to…
2002
Exchange Rates (April 29, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 23April 22April 19April 18April 17US$ in C$1.57521.57281.5719…
Miramar hits targets despite setback
Vancouver — During the first quarter, Miramar Mining’s (MAE-T) operations at Yellowknife, N.W.T., were well on their way to establishing a solid base for a productive year. However, the temporary sus…
Carlin trend produces 50-millionth oz.
The Carlin trend in Nevada has joined such venerable gold camps as Timmins, Ont., South Africa’s Witwatersrand and Uzbekistan’s Muruntan as the latest in the world to produce 50 million oz. gold.The t…
Insiders bask in hot resource sector
Recent insider trading transactions reported by the Ontario Securities Commission include the following:- Barrick Gold (ABX-T) — Brian Mulroney, director, exercised 237,500 options indirectly at $22….
Oil sands spell self-sufficiency for Canada
The recoverable portion of Canada’s crude bitumen resources, a black tarry hydrocarbon that coats the sands and carbonate sedimentary formations in the Athabasca, Cold Lake and Peace River regions of …
Suncor expands with Project Millennium
Suncor Energy (SU-T), Canada’s third-largest integrated oil company, is in the midst of a massive expansion of its Oil Sands operation, north of Fort McMurray, Alta., a move that should see the compan…
Uranium Power targets basement rocks for oil
Vancouver — Uranium Power (URMP-C) is searching for oil under the Athabasca Oil Sands near Fort McMurray, in northern Alberta.The Athabasca Oil Sands deposit is the world’s largest hydrocarbon deposi…
Majors come up empty in Otish Mountains
The Canadian diamond division of BHP Billiton (BHP-N) has failed to turn up any significant results following a first round of drilling that tested 18 various pipe-like geophysical anomalies on Majesc…
Eldorado expands zone at Kisladag
Vancouver — The first 20 holes of a recently completed 29 hole drill program on Eldorado Gold’s (ELD-T) Kisladag project in west-central Turkey has expanded the area of known mineralization.Designed …
Bright Star targets platinum prospect
Vancouver — Bright Star Ventures (BSV-V) has outlined exploration targets on its 49-sq.-km Tulameen platinum project in the Cascade mountains of southwest British Columbia, about 26 km northwest of P…
Exploration continues at Kidd Creek
Texasgulf will undertake a major exploration program this year in the vicinity of its Kidd Creek mine in northern Ontario. This follows in the wake of its recent discovery of zinc-lead-silver minerali…