Namco sinks into watery grave
Out of working capital and with no hope its subsidiaries will resume operations, marine diamond miner Namibian Minerals is heading into permanent dry dock as liquidators sell off the company’s assets….
News
Lac de Gras work fails to find source
Drilling on a property held by Geodex Minerals (GXM-V) in the Lac de Gras region of the Northwest Territories has determined that a prominent circular magnetic feature was not caused by a kimberlite i…
Tailings to biodiversity
A partnership between the Eastern Habitat Joint Venture (EHJV) and the Iron Ore Co. of Canada (IOC) will provide wildlife in the Wabush Lake area of Labrador with access to thousands of hectares of ne…
Suppliers Roundup (June 23, 2003)
Dyno Nobel buys explosives firmDyno Nobel of Norway has bought a majority interest in St. Lawrence Explosives (SLE), which is based in up-state New York.The deal comes only weeks after Dyno Nobel agre…
Redcorp launches $1.6m program
Vancouver — Redcorp Ventures (RDV-T) will carry out 8,000 metres of surface and underground drilling at the Tulsequah polymetallic project in northwest British Columbia.The junior aims to find extens…
Daily Metal Prices (June 23, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJune 17June 16June 13June 12June 11Al Alloy1360/136…
Strong gold price pushes producers higher
The Toronto Stock Exchange’s composite index climbed a healthy 78.32 points over the June 11-17 report period to finish at 7,121.02.Gold firmed up US$7.10 in overseas trading to plant itself at US$361…
NRCan in JV
Natural Resources Canada (NRCan) has teamed with COREM, a mineral research institute in Quebec City, in an effort to develop mining-related technology.The joint venture will focus on improving energy …
Etruscan, Semafo break ground in Niger
Having raised US$27 million in a debt financing, partners Etruscan Resources (EET-T) and Semafo (SMF-T) are stepping up construction of the Samira Hill gold project in Niger.Under the financing deal, …
LSE streamlines admission to AIM
The London Stock Exchange (LSE) has streamlined admission requirements to its Alternative Investment Exchange (AIM) in an effort to entice companies already listed on other exchanges to obtain a secon…
Trading Summary (June 20, 2003)
It was a fairly quiet day of trading on June 20, with the broad TSE composite index falling only 12.50, or 0.18%, t…
Falco ponders new Timmins mine
Falconbridge (FL-T) has outlined a positive development plan for itsMontcalm nickel-copper project, situated 70 k…