Apex eyes power source for San Cristobal
Denver — Apex Silver Mines (SIL-X) is in the final stages of selecting a power supplier for the US$430-million San Cristobal silver-zinc project in Bolivia.The company has called for proposals from s…
News
Placer Dome nixes African deals
Placer Dome (PDG-T) has terminated joint-venture option agreements with Channel Resources (CHU-T) and Solomon Resources (SRB-V) on the Bombore and Somifa gold projects in Burkina FasoPlacer…
Newmont funds Zarafshan expansion
Denver — Having inked a US$30-million financing agreement with the European Bank for Reconstruction and Development, Newmont Mining (NEM-N) is expanding the Zarafshan joint venture in Uzbekistan.Sinc…
Nuinsco to drill Bucko
A flow-through financing for $400,000 will bankroll a drilling program by Nuinsco Resources (NWI-T) at the Bucko property near Wabowden, Man.Nuinsco is to drill an electromagnetic anomaly located by a…
Alcan’s Bougie bushed, packs it in
Jacques Bougie, president and chief executive officer of Alcan Aluminium (AL-T) for the past seven years, has abruptly resigned, citing a desire to step off “the treadmill.”The surprise announcement c…
Rubicon still hopeful at Lewis Lake
Vancouver — Despite disappointing results from a 13-hole drilling phase, Rubicon Minerals (RMX-T) intends to persevere at its Lewis Lake base metal property in north-central NewfoundlandThe 2,534-met…
Ventersdorp study under way
In preparation for their proposed merger, Etruscan Resources (EET-T) and Mountain Lake Resources (MOA-V) have initiated a prefeasibility study at the latter’s Ventersdorp diamond project in South Afri…
Anaconda exercises Magistral option
Vancouver — Having completed an internal scoping study of Inca Pacific Resources’ (IP-V) Magistral porphyry-skarn project in northern Peru, Anaconda Peru is continuing its exploration effort.As part …
Freewest, Sparton persevere at Folson Lake PGM property
Partners Freewest Resources (FWR-M) and Sparton Resources (YSP-V) will begin another round of drilling at their Folson Lake platinum group metals (PGM) property, near Sudbury, Ont.Folson Lake covers 3…
Cambior streamlines debt load
After more than a year of twists and turns, Cambior (CBJ-T) has finally completed an extensive restructuring, shedding most of its non-gold assets and streamlining its debt load and hedge book.The res…
EXCHANGE RATES (January 22, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)b>DateJan. 16Jan. 15Jan. 12Jan. 11Jan. 10US$ in C$…
LME Warehouse Levels (January 22, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 16/01 (change from Jan. 9 in brackets):MetalStock (tonnes)ChangeAluminium351725(…