McWatters eyes $25m for Val d’Or deals
McWatters Mining (MWA-T) has agreed to sell 125 million shares for 20 apiece to a syndicate of underwriters led by National Bank Financial. The deal will raise $25 million in proceeds.McWatters will …
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MuchBudget: a vote or a video?
“By Levying Money for and to the Use of the Crowne by pretence of Prerogative for other time and in other manner than the same was granted by Parlyament . . . utterly and directly contrary to the know…
Northern Dynasty boosts Pebble resource
Vancouver — An independent resource estimate tabled by Northern Dynasty Minerals (NDM-V) has enhanced the economic potential of the Pebble gold-copper-molybdenum project in southwestern Alaska.The st…
Meridian slams brakes at Argentine project (April 07, 2003)
Following a non-binding referendum in which the citizens of Esquel, Argentina, voted overwhelmingly against development of the Esquel gold project, Meridian Gold (MNG-T) has suspended plans to build a…
Int’l Curator drills Assean Lake
Vancouver — Drilling is under way at the Assean Lake gold project in northern Manitoba.International Curator Resources (IC-T) has completed 24 holes, or 2,900 metres, to date, and assay results are p…
Placer cuts hedge book (April 07, 2003)
Vancouver — North America’s third-largest gold company reduced its hedging program by 1.1 million oz. in the first quarter of 2003.Placer Dome (PDG-T) converted 920,000 oz., which were committed unde…
Bright outlook for lithium: report
Demand for lithium metals and chemicals is expected to reach 11,250 tonnes in 2006, according to a report by London-based Roskill Information Services. That’s the equivalent of 60,000 tonnes of lithiu…
Rio Tinto buys data system
London-based Rio Tinto is using data access protocol (DAP) technology as a way of managing exploration data.The technology, provided by Toronto-based Geosoft, allows users to transfer large amounts of…
Etruscan overcomes problems
Although it is still behind schedule, the fledgling Tirisano alluvial diamond mine in South Africa appears to have turned the corner.Etruscan Resources (EET-T) advanced Tirisano to production in Novem…
Base metals after the fall
After a period of resilience, base metal prices are currently going through a phase of sharp corrections.Aluminum has led the way south on March 27 (minus 6.7% from its recent peak at the end of Febru…
South African royalty bill raises concerns
A South African bill that would place an 8% royalty on diamonds mined in that country has De Beers questioning the fairness of the proposed legislation.The government acquired all the country’s minera…
Pasminco workers walk off job
Almost 100 workers at the Elura zinc mine in eastern Australia have gone on strike over concerns of lost jobs and benefits if the operation is sold.The mine’s owner, Pasminco, is in talks to sell the …