BHP unloads CVRD stake (January 06, 2003)
Vancouver — Seeing little strategic value in holding on to its stake in iron ore producer Companhia Vale do Rio Doce (CVRD) (RIO-N), BHP Billiton (BHP-N) has agreed to sell its 2.1% indirect interest…
News
Barrick stands out among explorers in 2002
‘Tis the season to be repetitive.New precious and base metals discoveries all but failed to make headlines in 2002, with most explorers remaining firmly attached to known deposits. Still, the tactic w…
Spot Prices Monday, December 30, 2002 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$348.50+4.60Silver$4.72+0.09Platinum$598.00+5.00P…
Producer and Dealer Prices (January 06, 2003)
Antimony: Mid-mkt US$2,600/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.57/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.30-6.80/lb.Copper: Comex Mar US$0.704/lb.Indium: Indiu…
Ivanhoe Mines turns to Aussies for cash
Ivanhoe Mines (IVN-T) is raising up to $60 million through a private placement financing targeting Australian investors.The financing consists of up to 20 million special warrants priced at $3 apiece….
Aurizon goes deeper at Casa Berardi
Vancouver-based Aurizon Mines (ARZ-T) has raised $8 million after issuing nearly 5.2 million flow-through shares and 740,740 common shares priced at $1.35 apiece.The $7 million raised from the flow-th…
Exploration
Montreal-based Provenor (pvn-v) has inked a deal to take a 51% interest in three claim blocks covering about 3.2 sq. km in Fenelon and Gaudet twps. in Quebec’s Abitibi region.Provenor can acquire the …
Silver Standard finds new zone
A new lens of lead-zinc-silver mineralization has turned up in drilling at the Bowdens property in New South Wales, Australia. Operator Silver Standard Resources (SSO-V) identified the new zone in thr…
Intrepid enlarges Salvadoran gold target
Drilling by Intrepid Minerals (IAU-V) at the Aldea Zapote exploration concession, east of Metapan in the northwestern corner of El Salvador, has extended the property’s known silver mineralization dow…
Kirkland Lake raises cash
Kirkland Lake Gold (KGI-V) (formerly Foxpoint Resources) has raised more than $4.7 million via a private placement of some 2.6 million common shares at $1.80 apiece.That’s $765,000 more than initially…
LME Warehouse Levels (January 06, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 24 (change from Dec. 20 in brackets):MetalStock(tonnes)ChangeAluminium1250250(+4…
The Northern Miner — North American Mining Index (January 06, 2003)
77.06 (+2.98)(Sept. 30/98 = 100)…