Anaconda Peru sells Magistral
Vancouver — Inca Pacific Resources (IP-V) will buy Anaconda Peru’s 51% interest in the Magistral copper-molybdenum project in Peru for US$2.1 million, boosting its stake to 100%.The deal has yet to b…
News
Udon not a done deal
With reference to your article on Asia Pacific Resources (T.N.M., Jan. 2-8/04), it is important to note that, according to the terms of the memorandum of understanding signed with China’s state-owned …
Mining resumes at LaRonde
Agnico-Eagle Mines has resumed full-scale underground mining at its LaRonde gold mine in northwestern Quebec following a fatality.Mining had been scaled back by about 30% to 5,000 tons per day after a…
Dutch courage
“No money disappeared, [there were] just non-existent assets.” — Michele Ributti, lawyer for Callisto Tanzi, former CEO of scandal-plagued Italian company Parmalat.How reassuring to know that the eur…
Throne speech good harbinger
The Mining Association of Canada (MAC) sees good signs in Ottawa’s recent throne speech.MAC President Gordon Peeling says it is the first throne speech in a long time that clearly recognizes the value…
It’s all in the US dollar: Scotia Capital
A forecast for a continued decline in the greenback, outlined in the research booklet Focus 2004: Outperformers and Underperformers for 2004, underpins much of Scotia Capital’s predictions for the glo…
Sunridge explores in Eritrea (February 16, 2004)
Two drills are testing the Debarwa copper-gold deposit in Eritrea. The near-surface, volcanogenic massive sulphide deposit is part of the 1,400-sq.-km Asmara project held by partners Sunridge Gold (SG…
ATAC eyes Chinese prospects
Vancouver-based ATAC Resources (ATC-V) plans to scour China for mineral deposits, focusing on regions where the geology and metallogeny resemble those of the northern Cordillera.The joint-venture expl…
CZN buys into Prairie Creek
An agreement with Titan Logix (TLA-V) has allowed Canadian Zinc (CZN-T) to buy Titan’s 2% net smelter return royalty interest in the Prairie Creek mine property in the Northwest Territories.Prairie Cr…
LME Warehouse Levels (February 16, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 10 (change from Feb. 3 in brackets):MetalStock(tonnes)ChangeAluminium1421625(-20…
Daily Metal Prices (February 16, 2004)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 10Feb. 9Feb. 6Feb. 5Feb. 4Al Alloy1530/1560…
Jackson Inlet anomalous in indicator minerals
Regional sampling across more than half of Twin Mining’s (TWG-T) holdings on the Brodeur Peninsula, on Baffin Island, has identified a dozen anomalous areas.Of the 426 samples collected, 110 contain k…