Anaconda drills at Pine Cove
Drilling is under way at the Pine Cove project near Baie Verte, Nfld., where Anaconda Gold (ANX-V) is earning a 60% interest from New Island Resources (NIS-V).The partners plan to drill 1,500 metres o…
News
Partners cut gold at Banderas (December 22, 2003)
Vancouver — Partners PilaGold (PRI-V) and Radius Explorations (RDU-V) intersected gold mineralization in all the 10 holes drilled recently at the Banderas project in eastern Guatemala.Eight of the ho…
Daily Metal Prices (December 22, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 16Dec. 15Dec. 12Dec. 11Dec. 10Al Alloy1435/146…
Broad market unfazed by Hussein’s arrest
The capture of Saddam Hussein over the Dec. 10-16 report period was certainly a political triumph for the U.S., but two subsequent car bombings in the country’s capital left investors here at home ske…
Manhattan dealt Tambo Grande blow (December 22, 2003)
Vancouver — The long road to developing the Tambo Grande massive sulphide property may have been dealt a final blow now that government-run Centromin Peru has terminated Manhattan Minerals’ (MAN-T) o…
Richmont to buy McWatters’ East Amphi (December 22, 2003)
Montreal-based Richmont Mines (RIC-T) will acquire the East Amphi and Fourax properties from embattled McWatters Mining (MWA-T) in return for $7 million in cash. The properties are near Malartic in no…
Aussie coal firms merge management
The management and corporate service teams of Australia’s Coal & Allied, of which Rio Tinto is a 75.7% shareholder, will be folded into a wholly owned unit of Rio Tinto, Pacific Coal. The new entity w…
People (December 22, 2003)
Nord Resources — Ronald Hirsch appointed chairman and CEO; Erland Anderson appointed president, COO and director; Stephen Seymour appointed director; Michael Attaway appointed VP and manager of the J…
Minco closes financing, eyes Chinese projects
Vancouver — Minco Mining & Metals (MMM-V) will use a portion of the proceeds from a bought-deal financing to explore projects in China.The financing was led by Toronto-based Octagon Capital and consi…
DRC cuts gold at Afton
Vancouver — DRC Resources (DRC-T) has intersected shallow porphyry gold mineralization at the Afton mine project near Kamloops, B.C.The intersection occurred about 1 km southeast of the Afton mineral…
Ok Tedi suit settled out of court
A class-action lawsuit launched in Victoria state, Australia, against Ok Tedi Mines and BHP Billiton (BHP-N), has b…
Royalties lands two punches over Expo-Ungava
Canadian Royalties (CZZ-V) has won two court judgments in an ongoing dispute with Ungava Minerals over the ownershi…