South Atlantic eyes Swedish IOCG
A new copper-gold discovery has prompted South Atlantic Ventures (SAA-V) to increase the size of its exploration portfolio in Sweden’s Kiruna mining district.The Kiruna region is famous for the huge a…
News
Rising Canadian dollar affects Cambior
The combination of a stronger Canadian dollar and lower gold production hampered third-quarter earnings for Cambior (CBJ-T).The company’s profits slipped to US$700,000 (or nil per share) on revenue of…
The Benighted right
It took a long time, and the sacrifice of at least three party leaders, to bring about a merger between the Progressive Conservative and Canadian Alliance parties. Now that Stephen Harper and Peter Mc…
Pechiney faces court action
The Queensland government in Australia has launched litigation in its Supreme Court against Pechiney in an attempt to force the French aluminum giant to surrender a bauxite lease.The government claims…
Fipke finds kimberlite in Attawapiskat
While following up on promising overburden kimberlite indicator mineral chemistry with auger-core drilling, Metalex Ventures (MTX-V) and Arctic Star Diamond (ADD-V) encountered kimberlite in the James…
Randgold ups Ashanti ante, omits cash (November 03, 2003)
True to its word, Randgold Resources (GOLD-Q) has boosted its all-share offer for Ghanaian-based Ashanti Goldfields (ASL-N).Under the revised bid, Ashanti shareholders are being offered 0.56 of a Rand…
Junior market continues bull run
Vancouver — Canada’s junior exchange continued its fall rally over the week ended Oct. 28. The S&P-TSX Venture Exchange composite index surged 36.80 points, or 2.51%, and closed at 1,498.55.Shares in…
Spot Prices Tuesday, Oct. 28, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$386.55+11.75Silver$5.15+0.15Platinum$747.00+9.00…
Daily Metal Prices (November 03, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 27Oct. 24Oct. 23Oct. 22Oct. 21Al Alloy1390/140…
People (November 03, 2003)
Tan Range — Rosalind Morrow and Ulrich Rath appointed directors.Titanium Metals — Gary Hutchison appointed director.Glencairn — Robert Byrd appointed head of Nicaraguan operations.
Hatch engineer wins Sherritt award
An engineer with Mississauga, Ont.-based Hatch has won the 2003 Sherritt Hydrometallurgy Award, presented by the Metallurgical Society of the Canadian Institute of Mining, Metallurgy and Petroleum.Kev…
DRD gains 20% of Porgera
South African-based Durban Roodepoort Deep (DROOY-Q) has agreed to acquire Australian-listed Oil Search’s 20% interest in the 760,000-oz.-per-year Porgera gold mine in Papua New Guinea, for US$73.8 mi…