Met tests augur well for Cerro de Maimon
Results from metallurgical tests point to higher recovery rates at the advanced Cerro de Maimon copper-gold project in the Dominican Republic.In July, a resource update prepared for Globestar Mining (…
News
Most Russian miners rescued
At presstime, 33 Russian miners trapped 800 metres underground had been rescued from the flooded Zapadnaya coal mine, about 1,000 km south of Moscow. However, 13 miners remain unaccounted for.The mine…
Suppliers Roundup (November 03, 2003)
China eyes HIsmelt technologyAustralia-based HIsmelt, a wholly owned subsidiary of Rio Tinto, has signed a licensing agreement with the Laiwu Steel Group of China to develop an iron-making plant using…
Diavik ramp-up on-track
As ramp-up to full production continues, the Diavik diamond mine in the Northwest Territories is processing kimberlite at rates ahead of planned levels.Ore processed during the third quarter of 2003 i…
Exchange Rates (November 03, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 27Oct. 24Oct. 23Oct. 22Oct. 21US$ in C$…
Aurelian samples high grade at Condor (November 03, 2003)
Vancouver — Sampling at the Condor gold project in southeastern Ecuador has produced some eyebrow-raising assay results.Aurelian Resources (ARU-V) has been sampling and mapping the Aguas Mesas Sur 3 …
Pan Am buys royalty
Pan American Silver (PAA-T) has bought back a 3% net smelter return royalty on its Huaron silver mine in Peru from a group of Peruvian companies for US$2.5 million. The buy-back will increase Huaron’s…
Coeur d’Alene active in South America
Vancouver — The world’s largest primary silver producer, Coeur d’Alene Mines (CDE-N) lost US$17.9 million (or US10 per share) in the recent third quarter, compared with a loss of US$12.3 million (US…
DFI eyes $8.1m as production resumes
Having recently resumed mining on the Marshall Fork marine diamond deposit in Luderitz Bay, Namibia, Diamond Fields International (DFI-T) is arranging a non-brokered private placement worth $8.1 milli…
J-Pacific renews exploration
Subject to regulatory approval, J-Pacific Gold (JPN-V) will privately raise $300,000 to renew exploration in British Columbia.The placement consists of 750,000 units, of which 550,000 will qualify for…
Bush flying in Manitoba
I first became acquainted with bush flying in the summer of 1952 when, as a third-year geology student, I was hired by Inco as a “geological assistant” for work in northern Manitoba.Actually, geology …
Codelco, Enami strike Ventanas deal (November 03, 2003)
After more than two years of cantankerous negotiations, Corporacion Nacional del Cobre de Chile (CODELCO), has inked a deal to acquire the Ventanas copper smelter and refinery from the Chilean copper …