Alcan submits formal bid for Pechiney
Alcan (al-t) has submitted its 3.4-billion-euro bid for French rival Pechiney to the European Commission. The Montreal-based aluminum giant had launched its hostile bid in early July but held off form…
News
Newmont buys Ntotoroso
Newmont Mining (NEM-N) will consolidate its holdings in the Yamfo-Sefwi belt in Ghana by buying Moydow Mines International’s (MOY-T) half-interest in the gold project known as Ntotoroso.The major will…
Diamondiferous gravels outlined at Tirisano (September 01, 2003)
An independent resource update has increased the volume of diamondiferous gravels at the Tirisano mine in South Africa, reports Etruscan Resources (EET-T) and Mountain Lake Resources (MOA-V).South Afr…
Flyin’ Jimmy Barber
The first time I flew with Jimmy Barber was in 1954, when he was working for Saskatchewan Government Airways in Lac la Ronge. We were prospecting north of there and Barber was kind enough to give us a…
Inflation, high costs hurt Zimbabwe gold sector
Zimbabwe must devalue its dollar and take drastic steps to curb inflation if it wants to stabilize its struggling gold sector, says David Murangari, CEO of the Zimbabwe Chamber of Mines.Mines there ar…
People (September 01, 2003)
Anglo American Lazarus Zim appointed deputy CEO and chairman of Anglo Operations.Apollo Gold — Robert Watts appointed to board.CYPlus — Robert Warriner appointed regional sales manager…
Daily Metal Prices (September 01, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAug. 26Aug. 25Aug. 22Aug. 21Aug. 20Al Alloy1405/140…
Broad market slips as gold miners rise
The Standard & Poor’s/TSX composite index began the Aug. 20-26 report period on a high note, only to succumb to bearish mentality by its close. The result was a value reduction of 32.09 points, as the…
Gold glitters on junior exchange (September 01, 2003)
Vancouver — Canada’s junior exchange continued its bull run over the week ended Aug. 26 as it chased after rising bullion prices. The S&P-TSX Venture Exchange composite index tacked on 25.88 points, …
Trading Summary (August 29, 2003)
The diversified miners index led the Toronto Stock Exchange’s subindices with a 2.32-point, or 1.5%, gain on Friday…
Renard 65 fails to impress
Investors pushed shares in Ashton Mining of Canada (ACA-T) down 38, or 20% of value, in late trading on Aug. 29, a…
Steelworkers ratify new deal
Unionized workers at Inco’s Sudbury operations have voted 62.3% in favour of a new three-year contract ending a thr…