Summo arranges loan for Terrazas work (January 07, 2002)
Summo Minerals (SMA-T) is easing its cash crunch with a US$500,000 loan from major shareholder Resource Capital Fun…
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Ivanhoe converts loans into shares
Singapore-based Ivanhoe Mines (IVN-T) has convert the bulk of certain outstanding loans owed by ABM Mining, its who…
AngloGold sweetens bid, offers Barrick indirect role (January 07, 2002)
A proposed alliance with Barrick Gold (ABX-T) has provided AngloGold (AU-N) enough elbow room to raise its bid for Normandy Mining (NDY-T).The South African miner is now offering A30 per sh…
Sullivan sees last shift
Vancouver — After 91 years of production and adding $19 billion to the economy of British Columbia, the Sullivan zinc-lead-silver mine near Kimberley has closed shop.The flagship operation of Cominco…
Survey highlights Dryden area
Results from an airborne magnetic and electromagnetic survey in the Stormy Lake-Dryden area indicate “many interesting targets for prospectors and industry to follow up,” according to Ontario’s Northe…
Codelco defines copper cuts (January 07, 2002)
Vancouver — The world’s largest copper producer, Corporacion Nacional del Cobre de Chile (Codelco), plans to cut production by 4% in 2002.The Chilean state-owned entity aims to trim 11,300 tons of pr…
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Starfield sets sights on high-grade zone
Vancouver — Armed with $1.6 million, Starfield Resources (SRU-V) is preparing to explore the newly discovered high-grade zone on the Ferguson Lake copper-nickel-platinum-palladium project in Nunavut….
DRC tables new Afton resource (January 07, 2002)
Vancouver — Deeper drilling by DRC Resources (DRC-V) has boosted the mineral resource at the past-producing Afton copper-gold mine in British Columbia.The addition of 26 diamond drill holes has incre…
TSE enters new year with a bang
Having lost 14% of its value last year, the Toronto Stock Exchange 300 index began the slow road to recovery with a gain of 163.11 points, or 2.2%, over the Dec. 21-Jan. 1 report period. The benchmark…
Gren Thomas our Man of the Year in 2001
Perseverance may not always find its reward, but for a mining man and explorationist that knows the North, the development of the Diavik diamond mine in the Northwest Territories is a rich reward for …
A critical time for Argentina
Mining, to a greater degree than most heavy industries, relies on demand from the emerging markets. Industrializing economies, historically, have used about twice as much metal per unit of production …