DRC releases more results from Afton
Vancouver — DRC Resources (DRC-V) has tabled more encouraging assay results from its Afton Copper project near Kam…
News
Platinum Group Metals Options Elandsfontein
Vancouver — Platinum Group Metals (PTM-V) has inked a deal to purchase 100% interest in portions of the Elandsfont…
Trading Summary (December 16, 2002)
The Toronto Stocks Exchange ended 60.33 points higher at 5,724.59 points, thanks in large to the mining issues. The…
Tiomin gets the nod at Kwale
After years of review, Kenya’s Mining and Prospecting Licensing Committee has approved a 16-year Special Mining Lea…
Partners boost Maverick Springs
Vancouver A 7,020 ft. drill program by partners Silver Standard Resources (SSO-V) and Colorado-based Vista Gold (…
Noranda puts Perseverance on hold
With zinc prices foundering in the US33-36-per-lb. range, Noranda (NRD-T) has decided to postpone development of t…
Alcoa injects $1 billion in to Baie-Comeau smelter
Alcoa (AA-N) has tabled plans for a $1-billion investment in its smelter at Baie-Comeau, Quebec. Under a deal w…
Northern Miner Indices (December 16, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T21.9%FalconbridgeFL-T4.2%Freeport BFCX.B-N5.0%GoldcorpG-T5.2%IncoN-T7.7%Meridian GoldMNG-T4.7%Newmont MiningNEM-N24.8%Noranda…
Namco puts subsidiaries in dry dock
Unable to secure additional funding from its bankers and principal lenders, marine diamond miner Namibian Minerals (NMR-T) has been forced to shut down certain of its South Africa and Namibia subsidia…
Linear drills Nfld prospect
Linear Resources (LRR-V) has begun a 700-metre drill program on an intrusion-related, gold-bearing prospect at its 15-claim Powderhorn property on Newfoundland’s East Coast.Linear can earn acquire the…
Producer and Dealer Prices (December 16, 2002)
Antimony: Mid-mkt US$2,500/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.55/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.30-6.50/lb.Copper: Comex Mar US$0.745/lb.
Voisey’s Bay back on track
Inco (N-T) says its recent decision to delay work on the giant Goro nickel laterite project in New Caledonia, owing to cost overruns, is not expected to affect the schedule for developing the Voisey’s…