News
South Africa produces less gold (March 18, 2002)
South Africa’s gold output tumbled in 2001 but is now stabilizing, according to that country’s Chamber of Mines.Production slipped to 393,254 kg, from 427,981 kg in 2000 — the lowest level since 1953…
OMET benefits R&D companies
Five research and development projects will be the first to receive funding under the Ontario Mineral Exploration Technologies (OMET) program.The $8-million program is designed to assist projects that…
Holmer Gold raises US$6m
Toronto-based junior Holmer Gold Mines (HGM-V) has closed a US$6-million debt financing with TCC Ventures, a U.S.-based venture capital firm.Following due diligence, Holmer will also issue 1 million s…
Int’l Curator cuts new zone
Vancouver — International Curator Resources (IC-T) has discovered a gold zone along strike of the Hunt target on the Assean Lake project, 120 km northeast of Thompson, Man.Collared 3.5 km away from t…
New valuation code out in draft form
Canada has moved closer to adopting standards for mineral property valuation with the draft report of a committee of the Canadian Institute of Mining, Metallurgy and Petroleum.The CIM’s Special Commit…
NAME CHANGES (March 18, 2002)
Battlefield Mineral (BFM-V) has changed its name to BM Diamondcorp (BDI-V) on a 1-new-for-7-old-share basis.Kenrich Mining (KRC-V) has changed its name to Kenrich-Eskay Mining…
GREATEST VALUE TRADED, MARCH 6-12
ExchgVal($000s)HighLowCloseChangeAlcoa*N71720639.7537.7838.92+0.49…
Mergers affected ’01 gold price
Several factors combined to make 2001 a difficult year for gold, according to CPM Group. Chief among these were contracting trading volumes in the futures and dealer markets, and consolidation and mer…
Future is bright: minister
As federal minister of natural resources, I look forward to playing a leading role in helping to improve the quality of life of Canadians through sustainable resource development. Ensuring that future…
Venezuela takes control of Las Cristinas (March 18, 2002)
Vancouver — Two rulings by Venezuela’s mines ministry have laid the groundwork for what could become a bidding war over control of the legally plagued Las Cristinas gold property in Bolivar state.The…
Copper, nickel lead price index
Base metals prices achieved fresh highs for the year during the 5-day report period ended March 8, maintaining the steep upward trend established since late February.So far, the London Metal Exchange …