Inter-Citic heads to China
Inter-Citic Mineral Technologies (ICI-V) has signed agreements for two property deals in mainland China — one in Qinghai province and the other in Inner Mongolia.The Toronto-based company, which reac…
News
Goldcorp sells gold hoard
Goldcorp (G-T) has sold off its gold hoard and intends to distribute most of the profits to its shareholders in the form of a special dividend.Debt-free and a long-time true believer in a nascent bull…
SAGC raises Pimenton funds (December 22, 2003)
Aiming to restart the Pimenton gold-copper mine in Chile, South American Gold & Copper (SAG-T) has raised $3.5 million by privately placing 49.88 million units at 7 apiece.On a daily basis between 19…
Kalahari cuts gold at Lamaque (December 22, 2003)
Exploration drilling by Kalahari Resources (KLA-V) at the Lamaque property in northwestern Quebec has intersected some high-grade gold mineralization.Hole SX03-07 tested a down-plunge extension of a g…
Anaconda drills at Pine Cove
Drilling is under way at the Pine Cove project near Baie Verte, Nfld., where Anaconda Gold (ANX-V) is earning a 60% interest from New Island Resources (NIS-V).The partners plan to drill 1,500 metres o…
Partners cut gold at Banderas (December 22, 2003)
Vancouver — Partners PilaGold (PRI-V) and Radius Explorations (RDU-V) intersected gold mineralization in all the 10 holes drilled recently at the Banderas project in eastern Guatemala.Eight of the ho…
Daily Metal Prices (December 22, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 16Dec. 15Dec. 12Dec. 11Dec. 10Al Alloy1435/146…
Broad market unfazed by Hussein’s arrest
The capture of Saddam Hussein over the Dec. 10-16 report period was certainly a political triumph for the U.S., but two subsequent car bombings in the country’s capital left investors here at home ske…
Manhattan dealt Tambo Grande blow (December 22, 2003)
Vancouver — The long road to developing the Tambo Grande massive sulphide property may have been dealt a final blow now that government-run Centromin Peru has terminated Manhattan Minerals’ (MAN-T) o…
Richmont to buy McWatters’ East Amphi (December 22, 2003)
Montreal-based Richmont Mines (RIC-T) will acquire the East Amphi and Fourax properties from embattled McWatters Mining (MWA-T) in return for $7 million in cash. The properties are near Malartic in no…
Aussie coal firms merge management
The management and corporate service teams of Australia’s Coal & Allied, of which Rio Tinto is a 75.7% shareholder, will be folded into a wholly owned unit of Rio Tinto, Pacific Coal. The new entity w…
People (December 22, 2003)
Nord Resources — Ronald Hirsch appointed chairman and CEO; Erland Anderson appointed president, COO and director; Stephen Seymour appointed director; Michael Attaway appointed VP and manager of the J…