BeMaX eyes consolidated Pooncarie
Australian-based BeMaX Resources has agreed to buy Sons of Gwalia’s (SGW) 25% stake in the BIP joint venture, which…
News
PFN kicks off Agnew drill program
Vancouver — Pacific North West Capital (PFN-V) has begun diamond drilling at its Agnew Lake platinum group metal (PGM) property, near Sudbury, Ont.The company is earning a half-interest in the proper…
Noranda nixes Montana silver project
Faced with slumping metal prices, Noranda (NRD-T) has decided to discontinue work at at the Montanore copper-silver project in northwestern Montana after an updated feasibility study deemed the projec…
Axmin outlines resource at Kofi SW
African gold explorer Axmin (AXM-V), fresh from recent discoveries in the Central African Republic, has put a resource number to one of its prospects in Mali.Reverse-circulation drilling earlier this …
Southern Peru sale put on hold
A planned transfer of the majority stake in copper miner Southern Peru Copper (PCU-N) from Asarco to parent company Grupo Mexico is on hold following an injunction obtained by the U.S. Department of J…
NAME CHANGES (August 26, 2002)
Dalmatian Resources (DTN-V) has changed its name to Enwest Ventures (ENN-V) on a 1-new-for-3-old-share basis.
Boliden profitable in first half
Sticks and stones may break its bones, but Boliden (BLS-T) is in the black for the quarter.Shortly after a European Union vice-president called it a “slut,” the Swedish base metals producer has posted…
News – 26-AUG-02
Southern discomfort
The news from the Latin nations of South America in recent months has not been comforting.The International Monetary Fund (IMF) recently lent Brazil US$30 billion to meet immediate debt repayments. Fa…
Daily Metal Prices (August 26, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAug. 20Aug. 19Aug. 16Aug. 15Aug. 14Al Alloy1241/125…
Producer and Dealer Prices (August 26, 2002)
Antimony: Recent trades US$1,750-2,000/t.Bismuth: Mid-mkt US$2.95/lb.Cadmium: Mid-mkt US$0.30/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.00-7.05/lb.Copper: Comex Sept US$0.6815/lb…
Gold makes comeback
Only a few weeks ago, gold dropped to its lowest level in 36 months after an unprecedented 2.5-year-long slide from its 1980 record high of US$850 per oz. However, the yellow metal has now soared back…