CanTung mine set to reopen doors
Vancouver — Armed with $6.5 million in financing, North American Tungsten (NTC-C) plans to restart its wholly owned CanTung mine, in the Northwest Territories, by year-end.The company recently entere…
News
RJK posts gains during mixed week
WESTERN MARKETThe Canadian Venture Exchange finished the period ended June 26 down 44.97 points at 3,230.93, off 1.4%. The mining index went the other way, gaining 68.31 points, or 0.9%, to close at 7…
Barrick, Homestake propose marriage
In a paper deal worth US$2.3 billion, Barrick Gold () has agreed to take over Homestake Mining (HM-N) and thereby become the world’s second-largest gold producer.Barrick is offering 0.53 of a share fo…
Aurora cuts kimberlite at Belleterre
Aurora Platinum (ARP-V) has discovered a kimberlite body on the Midrim-Belleterre nickel/copper/-platinum-group-metal project in western Quebec. The junior made the discovery while drill-testing a cir…
News – 02-JUL-01 (July 02, 2001)
Merger trends
It was said of Benjamin Disraeli that he spent more time arriving at Westminster than he spent in it. Consolidation in the gold industry is arriving, still. It has to be said: if Barrick’s taking over…
Colorado evaluates land tracts
The Colorado Geological Survey (CGS) has released two reports which evaluate the resource potential of more than 4 million acres administered by the State Land Board.The land is in Kiowa and Cheyenne …
LME Warehouse Levels (July 02, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 26/01 (change from June 19 in brackets):Aluminium625100(+9375)Aluminium Alloy86740(+900)Copper434450(+9275)Lead…
Partners turn up low grades in Kirkland Lake
Five holes drilled in the South Break and 180 Splay structures in Lebel and Gauthier twps., near Kirkland Lake, Ont., have intersected long intervals of low-grade gold mineralization.Partners Queensto…
GREATEST VALUE TRADED, JUNE 20-26
Value($000s)HighLowCloseChangeAlcoa*N…
Andacollo liquidation begins (July 02, 2001)
Compania Minera Dayton (CMD), a wholly owned subsidiary of Dayton Mining (DAY-T), has been granted bankruptcy protection for four years.In May, CMD’s creditors unanimously accepted a creditor’s agreem…
More gold for Anatolia
Denver — Stepout drilling at the Cukurdere gold-copper prospect in central Turkey has hit the jackpot for partners Anatolia Minerals Development (YMC.U-V) and Rio Tinto (RTP-N).Hole CRC-1 stopped at …