News
IMC, Cargill create titan
The largest deal over the report period ending Jan. 27 was the announcement of a merger between Illinois-based fertilizer giant IMC Global and the fertilizer division of the secretive agri-business co…
Revised numbers pave way for new study at Chapada
Revised resource and preliminary reserve estimates for the Chapada copper-gold project in Brazil’s Goias state will provide the basis for a new feasibility study planned by Yamana Gold (YRI-T).The rev…
Junior exchange takes breather
Vancouver — Canada’s junior exchange tacked on a few points during the report period ended Jan. 27. The S&P-TSX Venture Exchange composite index closed at 1799.72, up 4.46 points, or 0.25%.EuroZinc M…
Aker Kvaerner settles Tonopah dispute
Equatorial Mining, based in Sydney, Australia, will receive US$101 million from engineering firm Aker Kvaerner to resolve legal claims surrounding the failed Tonopah gold mine in Nevada. The settlemen…
Carlin workers to vote on new deal
A ratification vote is set for early February on a contract between Operating Engineers Union Local 3 and Denver-based Newmont Mining.The balloting will be held at the Elko Convention Center in Nevada…
Northern Dynasty expands Pebble
Resources at Northern Dynasty Minerals’ () Pebble gold-copper project, 380 km southwest of Anchorage, Alaska, have swelled following 19,948 metres of drilling in 59 holes.Norwest Corp., an independent…
Mustang drills nickel
Vancouver — Drilling by Mustang Minerals (MUM-V) has resulted in the discovery of nickel mineralization at the Bannockburn project, 100 km southeast of Timmins, Ont.Nine drill holes tested 120 metres…
People (February 02, 2004)
Alcan — Michael Hanely appointed president and CEO of Alcan Bauxite and Alumina; Michel Jacques appointed president and CEO of Alcan engineered products; Christel Bories appointed president and CEO o…
Gold dips, producers trip, yet again
No thanks to resource issues, the S&P-TSX composite index slipped 35.47 points over the Jan. 21-27 report period, finishing the week at 8,588.15.Precious metals had a generally bad week, and so it was…
Endeavour to aquire silver-gold mine
Vancouver — Endeavour Gold () has inked a deal to acquire a full interest in the producing Santa Cruz silver-gold mine and Guanacevi mineral processing plant in Mexico’s Durango state.The company can…
St. Jude cuts more gold at Benso (February 02, 2004)
Vancouver — St. Jude Resources () has released encouraging drill results from the Benso concession in Ghana, West Africa.Drilling on the G zone has determined that mineralization strikes for more tha…