Chile scores high in Fraser rankings
Chile is the best region in the world for mining investment, according to the sixth annual survey of mining executives conducted by the Fraser Institute of Vancouver, B.C.The South American country us…
News
Tiberon expands Nui Phao tungsten deposit
Drilling cuts thick intervals, good grades at Vietnamese prospectVancouver — Drilling by Tiberon Minerals (TBR-T) at the Nui Phao polymetallic property in northern Vietnam has confirmed the existence…
Phelps to sell mining town
Playas, N.M., a virtual ghost town since Phelps Dodge halted operations at a nearby copper smelter in September 1999, has been put up for sale by the mining giant. Price: US$3.2 million.The 2.6-sq.-km…
Poland looks to restructure mining industry
The jobs of thousands of miners in Poland are at risk following the expiration of a government bill that protects the mining industry from bankruptcy.The government wants to restructure the industry a…
IMA adds ground in Patagonia (January 13, 2003)
Vancouver — Results from grassroots exploration have induced IMA Exploration (IMR-V) to acquire more ground in the Patagonia region of southern Argentina.Through staking, the junior added 240 sq. km,…
Editorial Cartoon (January 13, 2003)
Declining markets take too many by surprise
We recorded, at the end of last year, that Goldman Sachs’ chief economic strategist, Abby Joseph Cohen, was predicting an 18% gain for the Standard & Poor’s 500 in 2002. We trust that the knowledge th…
Wolfden buys out My-Ritt partner
In return for cash and shares, Wolfden Resources (YWO-V) can acquire the 30% interest in the My-Ritt property it does not already own.Situated in the Red Lake region of northern Ontario, My-Ritt is ch…
Afcan eyes Chinese gold (January 13, 2003)
Montreal-based Afcan Mining (AFK-V) is acquiring an 85% interest in the Tanjianshan gold project in the northwestern Chinese province of Qinghai. The vendor is Australian-based Sino Gold.Afcan will pa…
Sherritt sweetens Fording offer
Looking to deliver a deathblow in the bidding war for Calgary-based coal producer Fording (FDG-T), the Sherritt Coal Partnership II has boosted the cash component of its $35-per-share bid.The partners…
Bulls back on Wall Street
A 265-point jump in the Dow Jones Industrial Average on the first trading day of 2003 put investors in the mood for gains, and the U.S. markets in general had a stellar week. The Dow was up 407.74 poi…
Research Capital asks: Why pick on Barrick?
In a recent report titled Why is ABX the Lightning Rod on Hedging?, Toronto-based mining analysts Barry Allan and Steven Greene of Research Capital take a timely look at the gold-hedge positions of th…