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Latest Western Province Stories

2009-11-26 07:00:00

TORONTO, Nov. 26 /PRNewswire-FirstCall/ - Inmet Mining Corporation (IMN-TSX) announced today that the National Executive Council of the Government of Papua New Guinea has given its consent to the previously announced exchange of Inmet's 18 percent equity interest in Ok Tedi Mining Limited (OTML) for a 5 percent net smelter return (NSR) royalty on revenues of product from the Ok Tedi mine. OTML and Inmet will now proceed to settle and execute definitive documentation for the transaction. The...

2009-06-02 16:20:00

TORONTO, June 2 /PRNewswire-FirstCall/ - Inmet Mining Corporation (IMN-TSX) announced that it has reached an understanding to exchange its 18 percent equity interest in Ok Tedi Mining Limited (OTML) for a 5 percent net smelter return (NSR) royalty on revenues of product from the Ok Tedi mine. The proposed transaction has been structured to be neutral on a net asset value basis and to enable OTML to pursue certain projects outside the scope of its current activities while insulating Inmet's...

2009-02-26 22:49:37

Australian officials say water supplies in parts of north Queensland have been contaminated by mine waste discharged in recent flooding. The Australian Environmental Protection Agency said landowners downstream of the Lady Annie copper mine have been ordered not to drink water or swim in Saga and Inca creeks because the water has been contaminated by heavy metals and acids, the Brisbane Courier-Mail reported Thursday. At least nine other mines in the region have discharged contaminated...


Word of the Day
bodacious
  • Remarkable; prodigious.
  • Audacious; gutsy.
  • Completely; extremely.
  • Audaciously; boldly.
  • Impressively great in size; enormous; extraordinary.
This word is probably from the dialectal 'boldacious,' a blend of 'bold' and 'audacious.'
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