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Leadville options Mexican gold deposit

Denver — Junior Leadville Mining & Milling (LMMI-O) has signed a letter of intent to acquire the El Chanate gold property in Sonora state, Mexico, from a subsidiary of AngloGold (AU-N).The junior has…


Cambior converts loan to shares

Jipangu, a private Japanese investment company oriented toward the gold sector, has agreed to subscribe to a private placement of 15 million common shares of Cambior (CBJ-T) priced at US42 each, or U…


Harmony Gold expands with two deals

Denver — When Harmony Gold Mining (HGMCY-Q) says it grows through acquisition, it is not a statement to be taken lightly. In the past five years, the company has made 14 such deals, and now it intend…


Emily Ann to go ahead

Australian-listed LionOre Nickel, a 75%-owned subsidiary of LionOre Mining International (LIM-T), says it will develop its wholly owned Emily Ann nickel sulphide project when it has completed formal d…


Majors finance base metal revival in Newfoundland

Vancouver — As Inco (N-T) patiently awaits a resolution to the frustrating development dispute that has stalled its Voisey’s Bay nickel-copper-cobalt project in Labrador, other companies are stepping…


NAME CHANGES (December 25, 2000)

Duran Gold Corp. (DRN-V) has changed its name to Duran Ventures Inc. (DRV-V) on a 1-new-for-2-old-share basis.Nickelodeon Minerals Inc. (NKM-V) has changed its name to Strongbow Res…


Raymor, McGill team up for lithium project

Quebec City-based Raymor Industries (RAR-V) is collaborating with researchers from McGill University on a project designed to achieve commercial production of lithium metal from the mineral spodumene….


Green light for Diavik joint venture

Vancouver — Patience and perseverance have paid off for Rio Tinto (RTP-N) and Aber Diamonds (ABZ-T) at the Diavik joint venture in the Northwest Territories. Following months of licensing delays, the…


Glamis, Metallica learn urban planning

Denver — Mining investors focus on drill results, feasibility studies and rates of return to determine which securities to buy. However, mining companies must do more than play with numbers to ensure…


K252 deemed best pipe yet in Alberta

Based on results from a mini-bulk sample, the K252 kimberlite is the best yet of the 35 pipes so far discovered by Ashton Mining of Canada (ACA-T) in the Buffalo Hills area of north-central Alberta.A …


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