Block J reveals more gems (February 18, 2002)
An independent sampling program funded by Afri-Can Marine Minerals (AFA-V) and Woduna Mining Holding has recovered several more diamonds from the Block J marine concession in Namibia.De Beers Marine, …
News
Diamondex explores Slave
Diamondex Resources (DSP-V) has put aside $1.2 million to explore the newly acquired Peregrine property in the north Slave Craton of Nunavut.Diamondex was among the first of about 30 companies to acqu…
Int’l Curator targets Hunt property
Vancouver — International Curator Resources (IC-T) has kicked off a 5,000-metre diamond drill campaign at the Assean Lake gold project, 120 km northeast of Thompson, Man.About 3,000 metres (eight hol…
DRC returns land to Banro
The government of the Democratic Republic of the Congo (DRC) is returning gold concessions it expropriated from Toronto-based Banro in 1998.The land was expropriated because of what the DRC called “ir…
Record production at Red Lake drives Goldcorp
Thanks to a full year’s worth of production from the Red Lake mine in northern Ontario, Goldcorp (G-T) has set a new annual production record.The gold miner cranked out 607,403 oz. last year at a cash…
Ivanhoe now owns Mongolian project
Robert Friedland’s Ivanhoe Mines (IVN-T) has assumed 100% ownership of the Turquoise Hill copper-gold project in southern Mongolia after completing its earn-in obligations by spending US$3 million on …
PEOPLE (February 18, 2002)
Algoma Steel — William Aziz, David Baird, Michael Cahr, Benjamin Duster, Patrick Lavelle, James Lawson, Robert Milbourne, John Kallio, Murray Nott and Douglas Olthuis appointed directors.Crew Develop…
News – 18-FEB-02
Low macro results won’t dissuade Ashton
A small surface sample of kimberlite float and outcrop collected by Ashton Mining of Canada (ACA-T) from the promising Artemisia kimberlite pipe discovered last fall on the Kim property in Nunavut has…
Noranda splashes red ink on 2001
Echoing the woes of its peers, Noranda (NRD-T) suffered huge losses in the final quarter of 2001 and even more during the entire year on account of weak metal markets.In the final three months of 2001…
Trading Summary (February 15, 2002)
The Toronto Stock Exchange ended the week with a 11.09-point drop to 7,515.3 on Friday. The golds suffered some pro…
Newmont gets 66%
Denver-based Newmont Mining (NEM-N) says it has acquired more than 66% of the shares of Normandy Mining (NDY-T), an…