MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Rhonda execs engage in lively trading

According to reports released by the Ontario Securities Commission, two executives at Rhonda Mining (RDM-A) traded in that company during the period July-September.

Peter Gummer, director, bought 106,000 shares at 27 cents-$1.60 to hold 241,550 shares, while Glen Alston, director, bought 186,000 shares at 16-32 cents and sold 125,000 shares at 16-27 cents to hold 298,750 shares.

Other insider transactions reported during the period include the following: * Barrick Gold (ABX-T) — Gregory Wilkins, director, exercised 50,000 warrants at $14.25 and sold those shares at $27.30 to hold 500,000 warrants and 10,000 shares. Also, Joseph Rotman, director, sold 50,000 shares indirectly at an unspecified price to hold 250,000 shares through Amaranth Resources and none through SAJ Investments.

* Campbell Resources (CCH-T) — Donald Murphy, director, allowed 200,000 options to expire and was then granted an equivalent number at 44 cents to hold 500,000 options.

* Falconbridge (FL-T) — Noranda acquired 425,400 shares at $15 to hold 88 million shares, or 49.73%, of the company’s outstanding common shares.

* Pangea Goldfields (PGD-T) — Roland Bertin, director, acquired 50,000 options indirectly at 81-91 cents to hold 260,000 options indirectly; Claude Britt, director, was granted 252,600 options at $1.60-3.10 and bought 5,000 Class A shares at $1.10 to hold 575,000 options and 10,000 Class A shares; Ian Macneily, officer, was granted 100,000 options at $1.60 to hold 235,000 options; and Jean Potvin, director, was granted 100,000 options at $1.60 to hold 825,000 options.

* Sikaman Gold Resources (SKG-T) — Art Belluomini, officer, was granted 300,000 options at 5 cents to hold an unspecified number of options.

* Verena Minerals (VMCO-C) — Walid El Koury Daoud, director, was granted 60,000 options at 35 cents to hold 410,000; Oscar Neto De Gouveia, an executive of an affiliated company, was granted 60,000 options at 35 cents to hold 410,000; Jad Neto Salomao, director, was granted 60,000 options at 35 cents to hold 410,000; and Elmer Salomao, director, was granted 60,000 options at 35 cents to hold 410,000.