Second attack kills 13 at TVI’s Canatuan
Vancouver — Less than a month after receiving approval to develop the Canatuan polymetallic property in the Philippines, TVI Pacific (TVI-T) has again felt the impact of local rebels.In late December…
News
Asarco tables more cuts (January 06, 2003)
Vancouver — Asarco, a subsidiary of the world’s third-largest copper miner, Grupo Mexico, aims to cut production at its Mission mining complex in southern Arizona to 22,000 tonnes annually.The debt-r…
Ontario court awards damages to Kinbauri
The Ontario Superior Court of Justice has awarded junior explorer Kinbauri Gold (YKB-V) compensatory damages of $1.7 million plus prejudgment interest and costs, in relation to a failed 1990 merger ag…
BHP unloads CVRD stake (January 06, 2003)
Vancouver — Seeing little strategic value in holding on to its stake in iron ore producer Companhia Vale do Rio Doce (CVRD) (RIO-N), BHP Billiton (BHP-N) has agreed to sell its 2.1% indirect interest…
Ivanhoe Mines turns to Aussies for cash
Ivanhoe Mines (IVN-T) is raising up to $60 million through a private placement financing targeting Australian investors.The financing consists of up to 20 million special warrants priced at $3 apiece….
Exploration
Montreal-based Provenor (pvn-v) has inked a deal to take a 51% interest in three claim blocks covering about 3.2 sq. km in Fenelon and Gaudet twps. in Quebec’s Abitibi region.Provenor can acquire the …
Silver Standard finds new zone
A new lens of lead-zinc-silver mineralization has turned up in drilling at the Bowdens property in New South Wales, Australia. Operator Silver Standard Resources (SSO-V) identified the new zone in thr…
Kirkland Lake raises cash
Kirkland Lake Gold (KGI-V) (formerly Foxpoint Resources) has raised more than $4.7 million via a private placement of some 2.6 million common shares at $1.80 apiece.That’s $765,000 more than initially…
LME Warehouse Levels (January 06, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 24 (change from Dec. 20 in brackets):MetalStock(tonnes)ChangeAluminium1250250(+4…
Northern Miner Indices (January 06, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T21.9%FalconbridgeFL-T4.2%Freeport BFCX.B-N5.0%GoldcorpG-T5.2%IncoN-T7.7%Meridian GoldMNG-T4.7%Newmont MiningNEM-N24.8%Noranda…
MOST ACTIVE ISSUES, DEC. 23-27
ExchgVol(000s)HighLowCloseChangeCaledonia Mng*Q146600.310.200.27+0.07…
Aurizon goes deeper at Casa Berardi
Vancouver-based Aurizon Mines (ARZ-T) has raised $8 million after issuing nearly 5.2 million flow-through shares and 740,740 common shares priced at $1.35 apiece.The $7 million raised from the flow-th…