Leading indicators bleak for base metals
Assuming that the ISM is a leading indicator of IP and base metal prices, the prospects for an improving economic environment (hence rising metal demand) and stronger metal prices from current levels …
News
Spot Prices Wed. September 11, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$315.50+$2.80Silver$ 4.53+$0.06Platinum$551.50+$…
LionOre to consolidate Aussie nickel operations (September 16, 2002)
Looking to consolidate its nickel mining interests down under, Toronto-based LionOre Mining International (LIM-T) has launched an A85-per-share bid for the 20% stake it doesn’t already own in its Aus…
Silver ‘fish’ cleans as it swims
A student has invented a solar-powered device that sanitizes water by releasing silver ions as it swims.The “fish” — aptly named by its inventor Ben Griffin, an undergraduate at Brunel University in …
The Global Mining Initiative
Economic growth, the essential condition of sustainable development, depends on the products of the mining industry. It is our responsibility to meet that demand, while at the same time addressing the…
News – 16-SEP-02
NovaGold eyes $10 million, cuts more gold
Banking on its continuing exploration success in Alaska, NovaGold Resources (NRI-T) will attempt to raise over $10 million by privately placing 2 million units at $5.10 apiece.Some of the proceeds are…
CVG anoints Crystallex at Las Cristinas
Vancouver – For over a decade, the long and winding road toward developing the Las Cristinas gold property in southeastern Venezuela has proved treacherous for foreign mining firms trying to advance t…
Recovery of large gem stones key to advancing Gahcho Kue
The latest bulk sample results from the Gahcho Kue joint-venture project in the Northwest Territories again confirm the presence of big-carat diamonds in the 5034 pipe.De Beers recovered 1,215 carats …
Semafo extends Wona (September 16, 2002)
Reverse circulation drilling by Montreal-based Semafo (SMF-T) has extended the Wona zone, on its Mana gold property in Burkina Faso, West Africa, another 400 metres to the northeast.During July, Semaf…
Pan Am, Corner Bay merger goes ahead
Pan American Silver (PAA-T) shareholders have voted overwhelmingly in favour of the company’s proposed merger with Corner Bay Silver (BAY-T).Under a revised deal, each Corner Bay share will be convert…
War Eagle grabs Pike gold project
Vancouver — War Eagle Mining (WEM-V) has inked a deal with Strategic Metals to earn a 70% interest in the Pike Mineral gold property in the Yukon.In exchange for the interest, War Eagle must issue 15…