Gold Fields enters Peru
South Africa’s Gold Fields (GFI-N) has agreed to acquire a 92% interest in Peruvian-based Sociedad Minera La Cima. No price was reported, as financial details were still being discussed.Sociedad Miner…
News
Rio Blanco looks good
Prefeasibility work by GRD Minproc for London-based Monterrico Metals (MNA-L) at the Rio Blanco copper project in Peru suggests a net present value of US$320 million and an internal rate of return of …
Grasberg suffers second slide (December 29, 2003)
New Orleans-based Freeport-McMoRan Copper & Gold (FCX-N) has declared force majeure on deliveries of copper concentrate from the massive Grasberg copper-gold mine in Indonesia.The decision was made in…
Planet cashes up, McEwen cashes out
Vancouver — The closing of a $6-million bought-deal financing has given Goldcorp (G-T) a 13.4% equity stake in junior Planet Exploration (PXI-V).The high-grade gold miner picked up $2.5 million, or 4…
No mines, but lots of cash
The United Kingdom has little mining to speak of, after the demise of its metal mines and coal industry in the past century. However, despite this paucity of mining activity, London remains one of the…
Base metal miners shine
While gold producers enjoyed the limelight in early December, it was the base metal miners that powered forward during the 4-day period ended Dec. 22 as the S&P/TSX Metals and Mining index rocketed 12…
Sur samples gold-bearing skarn at Comval (December 29, 2003)
Surface exploration at the Comval property in the Eastern Mindanao mineral belt of the Philippines has turned up more of the yellow metal for Sur American Gold (SUR-V).Channel sampling at a recently d…
Trading Summary (December 24, 2003)
There was relatively heavy trading for a Christmas Eve, but the Toronto Stock Exchange finished a shortened trading…
Emgold tops up till
Vancouver In a unique move, Emgold Mining (EMR-V) aims to use a portion of the proceeds from a $7.5 million finan…
Kinross drops Pacific Rim stake
As expected, Kinross Gold (K-T) has sold off its entire stake in junior Pacific Rim Mining (PMU-T). The 17.6 mi…
Afcan reworks TJS deal
Junior Afcan Mining (AFK-V) has reached an agreement to postpone for two years a US$700,000 payment due to Australi…
New deal at Altonorte
Employees at Noranda’s (NRD-T) Altonorte custom copper smelter in Chile have ratified a new three-year collective a…