Relieved of debt, Anaconda moults
Having shed its debt related to wholly owned subsidiary Murrin Murrin, Aussie nickel-laterite miner Anaconda Nickel will ask shareholders to approve a 1-for-15-share consolidation and name-change to M…
News
Ashanti proves up Youga
Drilling by Ashanti Goldfields (ASL-N) on the A2 Main deposit at the Youga project in Burkina Faso, West Africa, has returned some encouraging intersections.Highlights are as follows:– Hole 10 — 37….
Far West banks on Chilean results
Proceeds from a private placement are enabling Far West Mining (FWM-V) to resume its search for iron-oxide copper-gold deposits in the prospective Candelaria belt of northern Chile.In late July, Far W…
Daily Metal Prices (September 29, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 23Sept. 22Sept. 19Sept. 18Sept. 17Al Alloy140…
LME Warehouse Levels (September 29, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 23 (change from Sept. 16 in brackets):MetalStock(tonnes)ChangeAluminium1362550(…
Malartic Sud drilling delivers goods at Croinor (September 29, 2003)
An 81-hole drilling program by South-Malartic Exploration (MSU-V) is expanding the known mineralization at the Croinor gold deposit in northwestern Quebec.Drilling over a 680-metre strike length surro…
Exchange Rates (September 29, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 23Sept. 22Sept. 19Sept. 18Sept. 17US$ in C$…
Wolfden steps up drilling in Nunavut
In November and December, three rigs will attempt to expand the West zone along strike as well as to depth. The program will consist of 20-30 holes in total.When The Northern Miner visited the project…
Ursa Major sheds light on Nipissing
Sudbury, Ont. — It just might be too small for Falconbridge (FL-T), but this region’s newest magmatic sulphide discovery sits well with junior partner Ursa Major Minerals (UMJ-V).Ursa holds a 51% sta…
Correction (September 29, 2003)
In our story “Flow-through funds jump-start juniors” (T.N.M., Sept. 15/03), we said the permitted time period for exploration companies to spend flow-through funds ends in January 2004. That informati…
Base Metals: Building the up-trend
The following is an overview of base metals markets. Detailed reports on the base, as well as precious, metals will appear in subsequent issues.After two years of negative Western World industrial pro…
Taconite tailings in aggregate
Byproducts from the taconite pellet-making process in Minnesota have been piling up for decades, but research has found that these tailings could be a marketable commodity.Researchers at the Natural R…