Aker Kvaerner loses case, must pay US$137m
Engineering firm Aker Kvaerner is expected to appeal a Nevada court ruling that says it must pay damages of US$136.9 million plus interest and legal costs to Australia’s Equatorial Mining.If the appea…
Search Results for Anaconda
Croinor deposit grows
A slew of new drill results and an ongoing campaign are keeping South-Malartic Exploration (MSU-V) as determined as ever as to advance the venerable Croinor gold deposit to production.Situated 70 km e…
Changes in the cobalt market
In the past 25 years, there have been numerous major changes in the cobalt market. Prior to 1978, cobalt was almost exclusively supplied from Zaire (now the Democratic Republic of Congo) and Zambia as…
Gold, silver stocks take a beating
Gold’s recent volatility proved to be a double-edged sword over the period ending Feb. 11, as the yellow metal tumbled more than US$20 to trade in the low US$360-per-oz. range.The gold majors made a h…
Spike in gold price among highlights of 2002 Retrospection
The previous occupant of the editor’s chair here took to naming years for their characteristics. It was a useful way to encapsulate the mood of the year past, a metaphor for what fate dealt out each t…
Silver producers jostle for investors’ attention
At the Autumn Precious Metals Seminar, held recently in Toronto and co-sponsored by the Silver Institute and Gold Fields Mineral Services, representatives of five North American silver producers gave …
Inco reviews Goro development
Facing sudden and significant cost overruns, Inco (N-T) will be reviewing its Goro nickel laterite project in the French Pacific territory of New Caledonia.The company is beginning a 6-month engineeri…
Mining Nevada in the early ’40s
Everybody knew that the hills of Nevada had been scoured by countless prospectors and that most deposits exposed at the surface had been discovered. But workable deposits are rare, and scattered over …
Higher gold price buoys Toronto market
The Toronto Stock Exchange Composite Index yo-yoed itself 69.28 points higher during the Oct. 30-Nov. 5 report period, ending the week at 6,399.64 points.Gold peaked mid-period at US$319.85 per oz. in…
Trading Summary (October 31, 2002)
Toronto’s gold stocks dropped 6.31 points or 3.7% to lead declining subindices on the day despite a US$1.30-per-oz.
Pierina founder Lowell among US Hall of Fame inductees
Renowned exploration geologist David Lowell is one of three new inductees into the American Mining Hall of Fame. He is also scheduled to speak at the awards banquet, slated for Dec. 7 at the Westin La…
Nickel laterites fail to live up to early promise
The pioneers of Australia’s nickel laterite industry set the bar way too high. Just three years ago, they were the stars of the nickel business, determined to lower the industry cost curve and revolut…