El Salvador updates law
Denver — A series of revisions to the mining law offers to make exploration in El Salvador cheaper and easier.The principal change is that the net smelter royalty is cut in half, to 2%, bringing the …
News
Quantum nabs Kansanshi
With three resuscitated producers under its belt, First Quantum Minerals (FM-T) has turned its sights on the historic Kansanshi copper-gold deposit in Zambia.The mid-tier producer, which operates the …
Int’l Annax expands mineralization
Vancouver — International Annax Ventures (IAX-V) continues to pull encouraging values of sedimentary exhalative zinc-lead mineralization north of its Anjing Hitam deposit in North Sumatra, Indonesia….
Normandy, TVX clean up balance sheets
Writedowns on non-performing assets have left Normandy Mining (NDY-T) with a significant quarterly loss, with affiliate TVX Gold (TVX-T) incurring a smaller loss as it brings its balance sheet back to…
For services rendered
I was introduced to Frederick William Wink at his home, overlooking the Beach Grove Golf Course in Tsawwassen, B.C. Like most of us in the resource industry, I had heard of the famous Winkie portable …
Bentonite industry sees changes
A report published by London-based Roskill Consulting Group highlights major changes in the bentonite industry.Among the developments highlighted in The Economics of Bentonite (ninth edition) are the …
OMET gets advisory committee
The Ontario Mineral Exploration (OMET) program now has a technical advisory committee.The committee will evaluate proposals and make funding recommendations submitted to OMET, a 4-year, $8-million ini…
Russian oil giant seeks to dissolve Archangel deal
Denver — A newly filed lawsuit is threatening Archangel Diamond’s (AAD-V) ongoing efforts to resolve a title dispute over the Verkhotina diamond licence in northern Russia. LUKoil, Russia’s largest o…
Field trips highlight SEG conference
The Society of Economic Geologists (SEG) is planning six field trips in conjunction with its Global Exploration conference, slated for April 14-16, 2002, in Littleton, Colo.The trips will encompass:- …
Gold founders in weak market
Denver — Falling consumer confidence kept a lid on financial markets, holding the Dow Jones industrial average to a 47.89-point (0.5%) gain during the report period ended Aug. 28 at 10,222.03, while …
GREATEST VALUE TRADED, AUGUST 22-28
ExchgVal($000s)HighLowCloseChangeAlcoa*N37317239.6537.3538.78+1.38…
US Gold gains Mexican base metal property
Denver — After concentrating for years on the Tonkin Springs gold project in Nevada, U.S. Gold (USGL-O) is shifting its focus to a silver-lead-zinc property in Mexico.The company leased the 47-ha Zim…