Shahuindo suit heads to Lima (November 17, 2003)
Peru’s Supreme Court has ruled a lower court judge to be legally incompetent, and has voided a previous decision fa…
News
Kolwezi deal formalized
America Mineral Fields (AMZ-T) is another step closer to developing the Kolwezi cobalt-copper tailings project in t…
Richmont buys Nfld. properties
The first of a pair of recently inked deals will see Richmont Mines (RIC-T) add to its portfolio in the up residenc…
Trading Summary (November 17, 2003)
Toronto’s gold index slipped just 0.03 of a point to 218.17 despite a US$6.50-per-oz. slide by gold to US$390.80 pe…
Orezone cuts prospect at Essakan
Ongoing rapid-air-blast drilling by Orezone Resources (ORZ-T) has turned up a new gold prospect at the Essakan property in Burkina Faso, West Africa.The prospect, which overlies the Soka gold anomaly,…
The Northern Miner Indices (November 17, 2003)
North American Mining: 96.72 (-3.68)Small Producers: 89.80 (-1.98)(Sept. 30/98 = 100)…
Red Back gains Canadian listing
A merger agreement between Australian-listed Red Back Mining and Vancouver-based Champion Resources (CHA-V) will give Red Back a long-sought foothold in Canadian capital markets.The deal will see Cham…
Bolnisi breaks camp at Ocampo gold project
Months after reconfirming its commitment, Australian-based Bolnisi Gold has decided to pull out of the Ocampo joint venture with Gammon Lake Resources (GAM-T) in return for US$5 million.In early June,…
First Quantum cuts more copper oxides in Congo (November 17, 2003)
First Quantum Minerals (FM-T) has pulled more long intersections of copper-bearing oxides and sulphides from its newly discovered Lufua zone in the Democratic Republic of Congo’s Katanga province.The …
Exchange Rates (November 17, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 10Nov. 7Nov. 6Nov. 5Nov. 4US$ in C$1.31061.32371.33591.3313…
Miners stage retreat
After running up in mid-week action, the Dow Jones Industrial Average closed the Nov. 5-11 report period 83.04 points lower at 9,737.79, while the Standard & Poor’s 500 index shed 5.24 points to make …
Bendigo moves to plan B
Australian-based Bendigo Mining is seeking alternative financing arrangements for its New Bendigo project under the assumption that the 360 million options it granted to Harmony Gold (hmy-n) will not …