SouthernEra pulls plug on Klipspringer
The rising South African rand has forced SouthernEra Resources (SUF-T) to suspend operations at its Klipspringer diamond project in the Limpopo province of South Africa.The company, which holds half o…
News
Bogoso/Prestea delivers
Denver-based Golden Star Resources (GSC-T) ended 2003 with better-than-expected output from its flagship Bogoso/Prestea open-pit mine in Ghana.The mine was expected to produce 160,000 oz. last year at…
Sighs of relief
It was a long time coming, but from the vantage point of early 2004, we can probably screw up our courage and declare the long resource-industry slump over, and maybe call 2003 the Year of the Bullion…
Wyoming’s geology augurs well for diamond discoveries
Wyoming is a vast state covering nearly 260,000 sq. km of surface area that houses fewer people than most large cities (fewer than 500,000 call Wyoming home). The state has no state income tax, is dri…
Lumina buys Relincho deposit
Vancouver — Lumina Copper (LUM-V) has inked a deal with Andes Pacific Development to acquire the Relincho copper property, 630 km north of Santiago, Chile.The 195-sq.-km property contains several por…
Sur bulks up at Comval (January 12, 2004)
Junior Sur American Gold (SUR-V) has pulled more bonanza grades from its Comval project in the Philippines.Two bulk samples from the Amy vein (formerly known as Tarale #7 and part of the Tarale system…
Mazarin spins off Sequoia (January 12, 2004)
Mazarin (MAZ-T), the Quebec City-based industrial minerals miner, has spun off its niobium, dolomite and graphite assets into newly formed Sequoia Minerals (SEQ-T), leaving only the troubled chrysotil…
Denison divided in three
Diversified energy company Denison Energy (DEN-T) will split into three separate companies under a reorganization plan.The company’s uranium and other mining interests will be transferred into a resur…
Daily Metal Prices (January 12, 2004)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 6Jan. 5Jan. 2Dec. 31Dec. 30Al Alloy1470/1500…
Rio Tinto reports major copper find in Arizona
For a company not readily recognized for making its own discoveries, London-based Rio Tinto (RTP-N) is beginning to enjoy the fruits of a US$100-million-per-year exploration campaign that has culminat…
Cameco gathers gold assets under Centerra
Higher gold prices have prompted Cameco (CCO-T) to bundle its gold assets into newly created Centerra Gold, and offer shares in that company.Initially, Cameco will hold 67% of Centerra after transferr…
Resource groups mirror physical prices
In a repeat performance, base metal issues fared better, on the whole, than their precious metal peers over the holiday-shortened period ended Jan. 6.The diversified metals and minerals index climbed …