NAME CHANGES (July 30, 2001)
Canada Fluorspar Inc. (CFI-V) has changed its name to Continental Ridge Resources (KRI-V) on a 1-new-for-1-old-share basis.
News
That sinking feeling
Worse-than-expected industrial production data for the U.S. and the European Monetary Union (the eurozone IP moving into negative territory, year over year, for the first time at minus 0.1% in May), t…
Analyst compares Gabriel’s go-it-alone and sales options
Senior gold producers are still interested in buying non-producing companies with advanced projects . . . but not at any price, and certainly not without a hard-nosed look at project economics. That’s…
Newfoundland backs new enterprises
AUGUST 1951Under the driving force of Premier Joseph Smallwood, the Newfoundland government is pushing a program designed to broaden the provincial economy. The campaign largely revolves around promot…
Kirkland Lake to host conference
Sample preparation and laboratory safety will be among the topics discussed at CMA 2001, a conference of the Canadian Mineral Analysts, slated for Sept. 17-20 in Kirkland Lake, Ont.A trade show and se…
Partners granted Ntotoroso licence (July 30, 2001)
Equal partners Moydow Mines International (MOY-T) and Normandy Mining (NDY-T) have been granted a 30-year mining lease for the Ntotoroso gold project in west-central Ghana.Over the past four years, No…
Disc cutter under development
The Brisbane Australia-based Cooperative Research Centre for Mining Equipment and Technology has teamed up Terratec Asia Pacfic of Tasmania to develop an oscillating disc cutter (ODC).Toward that end,…
Demand for gold rises
The first quarter of 2001 saw further healthy growth in gold demand.Demand for gold jewelry and personal investment in the 27 leading gold-consuming countries rose to 826 tonnes, which is 5% higher th…
Rio Tinto ups SouthernEra stake (July 30, 2001)
London-based mining giant Rio Tinto (RTP-N) has agreed to up its stake in Toronto-based SouthernEra Resources (SUF-T) via a private placement of 2.5 million SouthernEra shares at $3.75 apiece.The move…
Arctic Platinum hits 6 million oz.
Vancouver — Results from a 25,700-metre drill program have prompted South African-based Gold Fields (GOLD-Q) and Finnish-based Outokumpu to more than double the previous resource estimate at their Ar…
Pan Am Silver deals Huaron
Pan American Silver (PAA-T) has optioned a portion of its Huaron property in Peru’s Cerro de Pasco district to South African major Anglo American (AAUK-Q).The agreement covers 30,000 ha of the norther…
Inmet profitable in Q2
Better operating results but poorer metal prices combined to keep second-quarter earnings at Inmet Mining (IMN-T) roughly the same as in 2000. For the three months ended June 30, the copper and gold p…