Ivanhoe expands Mongolian portfolio
Preliminary exploration results have prompted Ivanhoe Mines (IVN-T) to acquire four more copper-gold properties in Mongolia.The properties are in the mineral belt that hosts the Turquoise Hill porphyr…
News
Freeport hits lowered profit target (October 22, 2001)
Vancouver — At a time when Afghanistan is being bombed and Muslim fundamentalists are calling for a “holy war” against the U.S., it must be a tad unsettling for an American-based mining company to ha…
AfriOre scores profitable half
Metal-explorer-turned-coal-miner AfriOre (AFO-V) turned a small profit in the first half of its fiscal year, reflecting a strong operating performance at its 50%-owned Springlake colliery in South Afr…
Gold on fertile ground
Gold’s high density, among other characteristics, renders it useful in many types of clinical tests. Now, a British company has devised an at-home male fertility test that relies on these characterist…
Poling to talk waste management
Vancouver — George Poling, Sr., vice-president of Rescan Environmental Services, will deliver a talk on waste management and closure at the Island polymetallic mine, situated on Vancouver Island, Bri…
Steel giant files for bankruptcy
Bethlehem Steel, the second-largest steel producer in the U.S., has filed for bankruptcy.The move is designed to stabilize its finances and develop a plan to return to profitability. In the meantime, …
Cornerstone to drill Princess
Cornerstone Capital Resources (CTP-V) is starting a 12-hole drill program on its Princess property on the Bonavista Peninsula in Newfoundland.Cornerstone will be drilling targets outlined in earlier g…
Geomaque creditors take shares in lieu of cash
The financial restructuring of junior gold producer Geomaque Explorations (GEO-T) made significant progress as three trade creditors agreed to take shares in payment of debts.Geomaque’s principal lend…
Silver Standard cuts offer price
Silver Standard Resources (SSO-V) has revised the terms of a private placement negotiated earlier in October.Under the revised deal, the company will place 1.1 million units at $2.60 per unit, down fr…
Anthrax fails to scare CDNX
Vancouver — Canada’s junior exchange posted gains on all indices during the report period ended Oct. 16, with trading volumes remaining on the light side. The Canadian Venture Exchange composite inde…
Goldfields gains Centaur ground
Australian-based Goldfields has bought the Mt. Pleasant properties of insolvent gold and nickel producer Centaur Mining & Exploration from the company’s receivers.The A$42.6-million purchase consolida…
First Quantum cuts copper grades at Nkana
Infill drilling by partners First Quantum Minerals (FM-T) and Swiss-based Glencore International is attempting to replenish reserves at the Nkana copper-cobalt operation in Zambia’s copper belt.Nkana …