News

BHP Billiton (BHP-N) has negotiated iron ore sale commitments from four Chinese steel mills. The commitments have a potential value of US$3.2 billion over the next 10 years.

Canadian Zinc (CZN-T) has intersected high-grade zinc, lead and silver at the Prairie Creek mine project in the Northwest Territories.

Bateman to design circuit…

Golden Star Resources (GSL-T) has transferred its production royalty on the Rosebel gold mine in Suriname to 52.8%-owned subsidiary Guyanor Ressources (GRL.B-T) in return for US$12 million in cash.

Vancouver — Deep drilling by Stikine Gold (SKY-V) has intersected the sulphide horizon at the Sullivan Deeps project, near Kimberley, B.C.

Although five executives of a wholly owned subsidiary of Newmont Mining (NEM-N) were recently arrested in Jakarta over allegations of pollution, the company plans to continue operating in Indonesia.

Absolut — Harry Burgess appointed director; John Tarrant resigned as director.

Vancouver — Capstone Resources (CSG-V) is encouraged by results from diamond drilling at the Cozamin copper-silver-zinc property in Mexico’s Zacatecas state. The company can earn a 90% interest in five advanced Mexican projects…