Cumberland looks to Canada’s Far North
Baker Lake, Nunavut — Convinced that its wholly owned Meadowbank gold project in the Canadian Arctic has the potential to deliver 250,000 oz. annually, Cumberland Resources (CBD-T) is spending $6.4 m…
News
News – 09-SEP-02
Lending Rates (September 09, 2002)
As of 4 pm ET, Sept. 3, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.78LIBOR US$ 6-month1.75LIBOR US$ 1-year1.81Gold lease 3-month0.28Gold leas…
GREATEST VALUE TRADED, AUG. 28 – SEPT. 3
ExchgVal($000s)HighLowCloseChangeEcho Bay MinesT67111.661.431.65+0.17…
Newport gains Mantua option in Cuba
Newport Exploration (NWX-V) has an option to gain a half-interest in the Mantua copper project in Cuba from Northern Orion Explorations (NNO-T).To acquire its stake, Newport would take over Northern O…
PDAC helps send books to Mongolia
The Prospectors & Developers Association of Canada has been helping deliver textbooks to a university in Mongolia in an attempt to set up a library for geology students.The books are part of a shipmen…
Crew tables Nalunaq feasibility
Vancouver — The feasibility study of the Nalunaq gold deposit in Greenland calls for initial offshore processing of ore, reports Crew Development (CRU-T).The study concludes that offshore processing …
Chalco to build smelter in Guangxi
Aluminium Corp. of China (Chalco) is considering building an alumina refinery in the Guangxi region of southeastern China. The state-owned metals-trading house Minmetals and the regional government wo…
Objectionable sustainability
Just before the close of the World Summit on Sustainable Development in Johannesburg, groups claiming to represent “civil society” withdrew from the summit and staged demonstrations against it.The sud…
Alcan boosts Alouette stake (September 09, 2002)
Montreal-based Alcan has doubled to 40% its stake in the 243,000-tonne, low-cost Aluminerie Alouette smelter in Sept-Iles, Que.The company, which already had a 20% stake in the facility, acquired Coru…
Cancor eyes Turgeon project
Cancor Mines (KCR-T) has agreed to acquire Aur Resources’ (AUR-T) 49% stake in the Turgeon polymetallic project in Quebec.To acquire the stake, and attain full ownership, Cancor will issue 100,000 sha…
Pipes found on Victoria Island
With five new kimberlite discoveries under their belt, Diamonds North Resources (DDN-V) and Canabrava Diamond (CNB-V) are embarking on a helicopter-borne geophysical survey to firm-up additional drill…