Anglo boosts Amplats stake
The biggest news during the report period was Anglo American’s revelation that it had spent US$701 million last year increasing its stake in Anglo American Platinum to 59.6% from 50.1%. The strategic …
News
The Northern Miner — Small Producers Index (March 18, 2002)
73.52 (+1.08)(Sept. 30/98 = 100)…
CDNX shows bullish momentum
Vancouver — Canada’s junior exchange continued to move into positive territory as juniors and majors alike schmoozed at this year’s PDAC convention in Toronto. The Standard & Poor’s-CDNX composite in…
Exchange Rates (March 18, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 12March 11March 8March 7March 6HighLowUS$ in C$…
Anglo active at Boyongan (March 18, 2002)
Vancouver — Drilling at the Boyongan copper-gold prospect in the Philippines has returned impressive values for partners Anglo American (AAUK-Q) and Philex Gold (PGI-V).Hole 35 was drilled 80 metres …
PEOPLE (March 18, 2002)
Falconbridge — Derek Pannell appointed president and CEO.Gabriel — Ronald Grossman, Ovidiu Tender and Frank Wheatley appointed directors.Hawkeye — George Poling appointed advisor to th…
Analysts weigh in on Gabriel
Bay Street analysts are getting behind Gabriel Resources (GBU-T) in a big way, as the junior unveils a revised feasibility study for its 80%-owned Rosia Montana gold project in Romania.Late last year,…
Manhattan feasibility on schedule (March 18, 2002)
Vancouver — A review of the mineral inventory at the TG-1 deposit on the Tambo Grande property in northern Peru has resulted in a 5% jump in contained copper in the sulphide part and a 4% drop in con…
Province closes lands to prospectors
The Ontario government has drawn a line in the sand, and around 378 park areas protected under the province’s Living Legacy program. Those lines will prohibit prospectors from staking claims within th…
Canadian Stock Exchange Indices (March 18, 2002)
DateMarch 12March 11March 8March 7March 6HighLowTSE 3007866.147908.167910.267958.117944.25…
Orezone proposes to Coronation International
Determined to boost its exploration portfolio, Orezone Resources (ORZ-T) has inked a merger deal with London-listed Coronation International Mining.Orezone must raise $2 million before the merger take…
Freewest hits gold at Clarence
Vancouver — Freewest Resources Canada (FWR-V) has released encouraging results from its first 10 holes at the Murphy zone at the Clarence Stream gold project in New Brunswick.The gold zone is one of …