NWT’s CanTung mine now in full swing
Only six months after the start of plant rehabilitation, North American Tungsten (NTC-V) has entered production at its wholly owned CanTung mine in the Northwest Territories, about 310 km northeast of…
2002
GREATEST VALUE TRADED, FEB. 6-12
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N78489525.9023.2523.97-1.10…
Tanzanite-terrorism link questioned
Several parties involved in the tanzanite trade are attempting damage control after reports surfaced that the gemstone was being used to fund terrorist activity.The group representing major stakeholde…
Kaiser files for protection (February 18, 2002)
Faced with a heavy debt load, depressed metal prices and a broad economic slowdown, Houston-based Kaiser Aluminum (KLU-N) and its operating subsidiary, Kaiser Aluminum & Chemical, have filed for bankr…
Experiments could explain gold’s forms
Experiments at the University of Massachusetts in Amherst may help explain why gold is found in two forms: as a solid in deposits in the earth and in water solution, far from such deposits.The tests w…
Bright forecast for silver
Silver halide photography is poised to grow, according to Donald Franz, publisher of the Florida-based Photofinishing News.Demand for silver in halide-based photography and digital imaging is expected…
Trio develops Sustut copper deposit
Vancouver — Northgate Exploration (NGX-T), Doublestar Resources (DSR-V) and privately owned Procon Mining & Tunneling will jointly develop the Sustut copper deposit, 65 km north of the Kemess mine in…
Mining operations keep Inmet profitable
Buoyed by operating earnings from all three of its mines, Inmet Mining (IMN-T) closed the year with a net profit of $18.9 million (44 per share) on revenue of $106.8 million.The figure was a substant…
Extraordinary items
It was a scandal when, five years ago, some divisions of the American optical manufacturer Bausch & Lomb (the makers of Ray-Ban shades) were discovered to have been booking orders as revenue. Heads ro…
Prospecting in Wekusko, Part 2
In the fall of 1955, my prospecting partner, Einar Sanden, and I transported a diamond drill rig to the east shore of Crowduck Bay in northern Manitoba to explore a new lithium prospect. I had the tem…
Recovery in the air
During the Feb. 4-10 report period, we witnessed a serious test of nerves in metals markets.In the base metals sector, copper prices maintained a narrow range in the highest trading area since June 20…
Mines ministers head to Toronto
The World Mines Ministries Forum will attract hundreds of government representatives and mineral sector stakeholders from around the world.Slated for March 13-15 in Toronto, the event is timed to foll…