Locals shoot down Tambo Grande plan
Residents of Tambogrande, a small agricultural centre 865 km northwest of Lima, Peru, have voted to reject a US$270-million gold and base metal mine proposed by Manhattan Minerals (MAN-T) of Vancouver…
News
NJ Mining raises funds
A private placement will provide US$229,500 for a drill program at three northern Idaho projects operated by junior New Jersey Mining (NJMC-O).A 1,500-metre drilling campaign on the New Jersey mine, n…
Red Emerald eyes Midway gold project
Epithermal gold prospects dot the countryside of central Nevada, but Red Emerald Resource (RED-V) is attempting to connect the ones found at its Midway property into an actual deposit.Midway lies betw…
Africa needs international investment more than aid: Oppenheimer
The following is a condensed portion of a speech given by Nicky Oppenheimer, chairman of De Beers, to the first annual gala dinner of the Canada-South Africa Chamber of Business, held in Toronto in Ap…
Richard Franks
Richard Franks, a taxation manager with Rio Algom, has died after a lengthy illness. He was 50.Franks started as a junior tax clerk with Rio Algom after attending the University of Western Ontario. He…
Sustainable development, Part 2
Corporate actions in support of sustainable development are often muted. In part, this reflects a perception that engaging with the community is an expensive proposition and, moreover, fundamentally t…
PEOPLE (June 10, 2002)
AFCAN — David Netherway appointed president and CEO.Glencairn — Dunham Craig appointed president and COO.NovaGold — Walter Segsworth appointed director; Alex Morrison appointed preside…
Holmer revs up drills in Timmins
Spurred on by rallying gold prices, Holmer Gold Mines (HGM-V) has renewed drilling at its high-grade Timmins property in northern Ontario.Between 1996 and 1998, Holmer outlined five near-surface paral…
Exchange Rates (June 10, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 4June 3May 31May 30May 29US$ in C$1.52791.52801.52751.5339…
Royal Standard active on four fronts
With working capital boosted to US$1.5 million via a recent US$1-million private placement, Reno-based Royal Standard Minerals (RSM-V) is readying its drills for an initial 3-hole program on its Ruby …
Echo Bay posts quarterly profit
Vancouver — Edmonton, Alta.-based Echo Bay Mines (ECO-T) has posted a first-quarter profit and retired US$100 million of its debt in a shares-for-debt arrangement.The company tabled net earnings of U…
Gold Canyon targets gallium in Humboldt Cty.
Vancouver — Gold Canyon Resources (GCU-V) has set its sights on the high-tech metal gallium at past-producing mercury mines in northwestern Nevada.Last year the company acquired the leasehold rights …