With an eye on advancing the El Dorado gold-silver project in El Salvador, Dayton Mining (DAY-T) and Pacific Rim Mining (PFG-T) have proposed an all-stock merger.Pacific Rim President Catherine McLeod…
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 8/02 (change from Dec. 31/01 in brackets):MetalStock (tonnes)ChangeAluminium823850…
An independent scoping study on the La Fortuna copper-gold deposit in north-central Chile has come back positive for partners Metallica Resources (MR-T) and Noranda Resources (NRD-T).Noranda, which ca…
Minires du Nord (MDN-T) has secured a US$4-million loan facility arranged by RMB Resources, a South African-based financial institution.The money will more than cover MDN’s funding requirements for 2…
Stronger base metal prices over the Jan. 2-8 report period translated into a broad-based rally among the U.S.-listed base metal producers.BHP Billiton rose 89 to US$11.60; Phelps Dodge jumped $1.32 t…
Determined to win a bidding war with AngloGold (AU-N), Newmont Mining (NEM-N) has raised its offer for Normandy Mining (NDY-T) as an insurance measure.In mid-November, Newmont triggered the…
Vancouver — Disappointing drill results have prompted mining titan Barrick Gold (ABX-T) to stop work on the California and Surf properties in the Goodpaster district of Alaska.The properties are adja…
Vancouver — As was the case with many junior explorers, 1996 was a stellar year for Valerie Gold (VLG-V). With $20 million in the kitty and with the drill rig set to turn on the prospective Mamatla m…
An investment group has purchased 12.8 million shares of Rio Narcea Gold Mines (RNG-T) to nab a 19.8% equity stake in the company. The group includes Chairman Chris von Christierson.The shares, purcha…
Calgary-based junior Troymin Resources (TYR-V) has applied for mineral claims covering 200 sq. km in the Otish Mountains diamond area play in Quebec.Pending approval by the provincial government, thes…
Vancouver — Olympus Pacific Minerals (OYM-V) has found an area of high-grade gold mineralization on its Phuoc Son property in central Vietnam.The discovery occurred 7 km northwest of the Bai Go and B…
A statistic of more than passing interest to the mining industry is that in 2000, 80% of emerging markets had net outflows of equity capital; by comparison, in 1996, when all seemed rosy, 90% of them …
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