Rio Tinto ups SouthernEra stake (July 30, 2001)
London-based mining giant Rio Tinto (RTP-N) has agreed to up its stake in Toronto-based SouthernEra Resources (SUF-T) via a private placement of 2.5 million SouthernEra shares at $3.75 apiece.The move…
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Canadian Stock Exchange Indices (July 30, 2001)
DateJuly 24July 23July 20July 19July 18HighLowTSE 3007586.517627.
Metal Prices (July 30, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJuly 24July 23July 20July 19July 18Aluminium1410.50…
TSE Shorts (July 30, 2001)
Short positions outstanding at July 15, 2001Larger individual positions include:Alcan Inc. 1,315,183 down 291,026; Anderson Exploration 4,625,894 down 414,100; Aur Resources 178,188 up 16…
Drilling heats up at Phuoc Son
Vancouver — Drill results from the Bai Go portion of the Phuoc Son gold property in Vietnam have expanded the high-grade core of the mineralization for partners Olympus Pacific Minerals (OYM-V), Ivan…
Hedging boosts Placer Dome’s results
Helped by a hedging program that generated a US$50-premium for every ounce of gold produced at its international stable of mines, Placer Dome (PDG-T) posted a US$49-million profit for the first six mo…
Mindoro permit withdrawn
The cancellation of a key permit by a branch of the Philippine government has forced Crew Development (CRU-T) to suspend development at its nickel laterite project on the island of Mindoro.The licence…
Expo-Ungava yields more PGMs
Having taken another look at some assay pulps from four holes collared by a previous operator on the Expo-Ungava copper-nickel deposit in 1997, Canadian Royalties (CZZ-V) is reporting more platinum an…
Rapu Rapu closer to production
With an environmental permit in hand, Australian-based Lafayette Mining is proceeding with development of the Rapu Rapu massive-sulphide mine in the Philippines.Situated in Albay province, on the isla…
Partners granted Ntotoroso licence (July 30, 2001)
Equal partners Moydow Mines International (MOY-T) and Normandy Mining (NDY-T) have been granted a 30-year mining lease for the Ntotoroso gold project in west-central Ghana.Over the past four years, No…
Arctic Platinum hits 6 million oz.
Vancouver — Results from a 25,700-metre drill program have prompted South African-based Gold Fields (GOLD-Q) and Finnish-based Outokumpu to more than double the previous resource estimate at their Ar…
Tiberon expands Nui Phao
Vancouver — Junior Tiberon Minerals (TBR-V) reports that drilling at the Nui Phao polymetallic project in Vietnam has extended the mineralized zone to the southeast.Hole 38, collared southeast of a p…