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A weathered statue of Lenin in an abandoned Russian Red Army square in the northeastern Mongolian city of Choibalsan. Staff writer Stephen Stakiw looks at why Canadian junior Western Prospector Group is excited about reviving a Soviet-era uranium project in Mongolia.

News November 28, 2005

Western Prospector builds on Soviet-era uranium project

Vancouver — Western Prospector Group‘s (WNP-V) Saddle Hills uranium deposit in northeastern Mongolia — where the company is in the middle of a drill campaign — enjoys a big leg u…

News November 28, 2005

Sell! Buy! Hide!

The mining and metals business tends to get more and more opaque the further downstream you go. So when the name of an individual metals trader hits the front pages of the financial press, you know so…

News November 28, 2005

Exploration budgets reach US$5.1B

According to Halifax-based Metals Economics Group’s recent edition of Corporate Exploration Strategies, this year’s analysis of the exploration budgets of 1,431 companies (using a US$100,000 cutoff) t…

News November 28, 2005

Exchange Rates (November 28, 2005)

CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)…

News November 28, 2005

Producer and Dealer Prices (November 28, 2005)

Antimony: Mid-mkt US$3,800/t….

News November 28, 2005

Canadian Stock Exchange Indices (November 28, 2005)

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News November 28, 2005

Lending Rates (November 28, 2005)

as of 4 pm ET, Nov. 21, 2005(%)…

News November 28, 2005

People (November 28, 2005)

Claude Res. — Patrick Hannon appointed VP of exploration; Brian Groves appointed VP of corporate development….

News November 28, 2005

Copper giant branching out into nickel

Rio Tinto (RTP-N) has two focused nickel exploration plays; one continues to explore for high-grade, nickel-copper sulphide mineralization in the northern U.S. and Canada, and the s…

News November 28, 2005

MBMI forms ‘relationship’ with HGMG

Vancouver — A Chinese smelting group has agreed to invest US$4 million to acquire a 16% toehold interest in the Bethlehem and Alpha nickel projects held by MBMI Resources (MBR-V, M…

News November 28, 2005

Avocet buys into Dynasty

London-based Avocet Mining (AVVGF-O, AVM-L) has bought a 21% holding in Dynasty Gold (DYG-V, DGDCF-O) via private deals and participation in a recent Dynasty fina…

News November 28, 2005

Solomon cuts gold at Bayantsagaan

Vancouver — Solomon Resources‘ (SRB-V, SLRLF-O) modest drill program on its Bayantsagaan gold project, in north-central Mongolia, has delivered significant gold values indicating a…