News
Leading indicators bleak for base metals
Assuming that the ISM is a leading indicator of IP and base metal prices, the prospects for an improving economic environment (hence rising metal demand) and stronger metal prices from current levels …
NAME CHANGES (September 16, 2002)
Cosworth Minerals (CWM-V) has changed its name to Palcan Fuel Cells (PC-V) on a 1-new-for-1-old-share basis.Consolidated Topper Gold (TOP-V) has changed its name to Topper Resources…
Glencairn doubles cash
Junior Glencairn Explorations (GLJ-V) has added $2.4 million to its coffers by privately placing 4.8 million units at 50 apiece.A unit consists of one share and half a share purchase warrant, with a …
War Eagle grabs Pike gold project
Vancouver — War Eagle Mining (WEM-V) has inked a deal with Strategic Metals to earn a 70% interest in the Pike Mineral gold property in the Yukon.In exchange for the interest, War Eagle must issue 15…
Pan Am, Corner Bay merger goes ahead
Pan American Silver (PAA-T) shareholders have voted overwhelmingly in favour of the company’s proposed merger with Corner Bay Silver (BAY-T).Under a revised deal, each Corner Bay share will be convert…
Semafo extends Wona (September 16, 2002)
Reverse circulation drilling by Montreal-based Semafo (SMF-T) has extended the Wona zone, on its Mana gold property in Burkina Faso, West Africa, another 400 metres to the northeast.During July, Semaf…
NovaGold eyes $10 million, cuts more gold
Banking on its continuing exploration success in Alaska, NovaGold Resources (NRI-T) will attempt to raise over $10 million by privately placing 2 million units at $5.10 apiece.Some of the proceeds are…
The Global Mining Initiative
Economic growth, the essential condition of sustainable development, depends on the products of the mining industry. It is our responsibility to meet that demand, while at the same time addressing the…
Silver ‘fish’ cleans as it swims
A student has invented a solar-powered device that sanitizes water by releasing silver ions as it swims.The “fish” — aptly named by its inventor Ben Griffin, an undergraduate at Brunel University in …
LionOre to consolidate Aussie nickel operations (September 16, 2002)
Looking to consolidate its nickel mining interests down under, Toronto-based LionOre Mining International (LIM-T) has launched an A85-per-share bid for the 20% stake it doesn’t already own in its Aus…
Spot Prices Wed. September 11, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$315.50+$2.80Silver$ 4.53+$0.06Platinum$551.50+$…