IFC drops Rosia Montana
Facing pressure from environmental groups and non-governmental organizations, International Finance Corp., the Worl…
News
Rio Tinto wins employment award in Australia
Rio Tinto has won the Australian government’s Outstanding Organization award for providing jobs to Aboriginals Down Under.At the awards ceremony in Canberra, Employment Minister Tony Abbott said the L…
Mindoro begins drilling
Vancouver — Mindoro Resources (MIO-V) has launched a 1,100-metre drill program at the Valderam a zone, part of its Pan de Azucar copper-gold project in the Philippines.Last year, in partnership with …
TSE Short Positions (October 14, 2002)
Short positions outstanding at September 30, 2002Larger individual positions includeAber Diamond 266,148 up 166,101; Agnico-Eagle 5,281,468 down 638,517; Alcan 807,019 down 297,537;…
Daily Metal Prices (October 14, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 8Oct. 7Oct. 4Oct. 3Oct. 2Al Alloy1210/1210…
Wolfden, First Au eye Argosy
Vancouver — Partners Wolfden Resources (YWO-V) and First Au Strategies (FAV-V) are preparing to drill-test the once-productive Casummit gold property in the Red Lake mining camp of northern Ontario.T…
PEOPLE (October 14, 2002)
Alcan — William Loomis Jr. appointed director.Anglo American — David Hathorn, Andrew Thompson and Simon Thompson appointed directors.Crew Development — Wolf Seidler appointed COO.
Benchmark’s woes cast shadow over resource sectors
The Oct. 14-20 report period saw the Toronto Stock Exchange plunge to levels not seen in four years as the proposed U.S.-led war on Iraq gained steam and the banking and high-tech sectors issued more …
Junior market takes it on the chin
Vancouver — Halloween came early for investors in Canada’s junior exchange as sellers drove the market to yet another 52-week low during the report period ended Oct. 8. The Standard & Poor’s-TSX Vent…
Namco sets production record
Marine diamond miner Namibian Minerals (NMR-T) cranked out 117,050 carats during the July-to-September period, eclipsing the quarterly record of 116,560 carats set in early 1999.”The third quarter is …
Producer and Dealer Prices (October 14, 2002)
Antimony: Recent trades US$3,200-3,300/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium>: Mid-mkt US$0.31/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.00-6.80/lb.Copper: Comex Dec US$0.6645/lb…
Gabriel advances Rosia Montana
In Romania, Gabriel Resources (GBU-T) has acquired 71 properties under its plan to resettle the town of Rosia Montana. The acquisitions are designed to clear the way for construction of a new gold min…