Odyssey applies geological know-how in Turkey
Fatsa, Turkey — Having determined the mineral potential of its properties near this coastal town on the Black Sea, Odyssey Resources (ODX-V) is attempting to raise funding to renew drilling.The compa…
News
Cassidy Gold proves up Guinean deposit
Vancouver — A 6-hole drilling program by Kamloops, B.C.-based Cassidy Gold (CDY-V) has returned promising grades from the Kouroussa property in Guinea, West Africa.The project is 570 km east of the c…
Editorial Cartoon (July 14, 2003)
The Northern Miner Indices (July 14, 2003)
North American Mining: 73.79 (-0.33)Small Producers: 73.12 (+2.20)(Sept. 30/98 = 100)…
Caution in order despite palladium’s rise
(The following is a second instalment from The Commodity Refiner, a monthly publication of Barclays Capital Research.)Palladium prices recently rose from 6-year lows below US$150 per oz. to more than …
Ashanti exec knighted
Sam Jonah, chief executive officer of Ghana-based Ashanti Goldfields, has been awarded an honourary knighthood at St. James’s Palace in London.The knighthood, which is honourary because the recipient …
Alcan attempts takeover of Pechiney
Looking to cut costs and entrench itself in the aerospace supply industry, Montreal-based aluminum giant Alcan (AL-T) is taking another run at French rival Pechiney (PY-N) via a cash-and-stock offer t…
Placer Dome gains East African Gold Mines
Placer Dome (PDG-T) has inked share purchase agreements to acquire 98% of privately owned Australian-based East African Gold Mines, thereby securing that company’s cornerstone operation, the North Mar…
Good widths at Morro do Vento
The first three holes drilled by Desert Sun Mining (DSM-T) at the Morro do Vento prospect in the Jacobina area of Bahia state, Brazil, have intersected multiple zones of gold mineralization.Desert Sun…
Gold: Q1 supply and demand
Supply of gold rose by just over 4%, year over year, in the first quarter of 2003, mainly as a result of a sharp increase in scrap supply. In contrast, mine production was essentially flat, while offi…
That giant hissing sound
It is generally acknowledged that, among government employees, drill sergeants and central bankers have the greatest gift for speaking clearly and to effect.Thus, when the Federal Open Market Committe…
Exploration in Finland
Most large mining companies are expanding through mergers and acquisitions, and this is creating opportunities for junior companies to find new projects, especially in Nordic countries, according to M…