During the Christmas-shortened report period ended Dec. 28, the Dow Jones industrial average hit an all-time high of 11,476.71 points, climbing 276.17 points, or 2.5%. Consumer confidence is said to b…
The Australian copper deposit known as Tritton, current- ly owned equally by Nord Pacific (NPF-T) and ASX-listed Straits Resources, will soon be owned entirely by the former. Nord has agreed to buy St…
Toronto-based SouthernEra Resources (SUF-T) is encouraged by the latest mining results at its Klipspringer diamond property in northeastern South Africa.An average of 41.5 carats per 100 tonnes was re…
Bema Gold (BGO-T) intends to raise $9.5 million in a private placement of 10 million special warrants priced at 95 each. A portion of the proceeds will be used to explore the 79%-owned Julietta gold-…
A letter agreement with the government of Ivory Coast sets the stage for Melkior Resources (MKR-M) to earn up to a half-interest in the Mount Klahoyo iron deposit in the West African nation.More than …
Surface sampling by Pacific Rim Mining (PFG-T) has expanded the Luicho gold prospect in southern Peru.The company has collected 2,711 samples from a 250-metre-wide zone of north-southerly and northeas…
Miramar Mining (MAE-T) has gained a half-interest in the Hope Bay gold project in Nunavut from Cambiex Exploration (CBX-T).Miramar will act as operator during the feasibility and development phase, wh…
Having borrowed US$817 million from Chase Manhattan Bank to acquire Asarco, Groupo Mexico is liquidating non-core assets to cover that debt and beef up its bottom line.As a first step, the Mexican cop…
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