Thistle boosts Steyn
Thistle Mining (THT-T) reports an 18% increase in reserves at its President Steyn gold mining complex in South Africa’s Free State.Total Reserves at the Steyn 1 shaft have grown to nearly 3.1 million …
News
PEOPLE (October 21, 2002)
Kimber — Thomas Corcoran appointed manager, corporate communications.Romarco — Diane Garrett appointed president and CEO; Robert van Doorn and R.J. MacDonald appointed directors.Gammon Lake…
Placer prevails as AurionGold caves in (October 21, 2002)
Vancouver — After five long months, Placer Dome (PDG-T) has finally won over AurionGold’s management team in its $1.2-billion takeover offer.The Australian miner reversed its rejection of the takeove…
NAP reduces output as crusher breaks down
A shutdown of the primary crusher has forced North American Palladium (PDL-T) to curtail production at its Lac des les mine in northwestern Ontario.During the three months ended Sept. 30, the mill pr…
Falling prices close Quebec asbestos mine
The falling price of asbestos worldwide has forced the closure of the Jeffrey operation, north of Sherbrooke, Que., forcing the owner, Jeffrey Mine, to file for bankruptcy protection.The decline in th…
NRCan to oversee rough diamond trade
Under proposed legislation before the House of Commons, Natural Resources Canada would become the Canadian authority for the import and export of rough diamonds, as part of the federal government’s pa…
Manhattan eyes financing (October 21, 2002)
Subject to regulatory approval, Manhattan Minerals (MAN-T) will privately raise $2.5 million for its Tambo Grande polymetallic project in Peru.An independent feasibility of the property is under way; …
Partners pursue copper bioleaching project
A Canadian industrial holdings group has joined the joint venture consisting of Canadian-Australian junior BacTech Enviromet (YBA-V), South African metallurgical researcher Mintek and Mexican mining h…
Markets stage stunning rally
The period ending Oct. 15 saw a dramatic surge in the broad U.S. markets, with both the Dow Jones Industrial Average and the S&P 500 index surging more than 10% to 8,255.68 and 881.27 points, respecti…
Producer and Dealer Prices (October 21, 2002)
Antimony: Recent trades US$3,200-3,300/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.32/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.00-6.80/lb.Copper: Comex Dec US$0.6…
Canadian Stock Exchange Indices (October 21, 2002)
DateOct. 15Oct. 14Oct. 11Oct. 10Oct. 9HighLowTSX Composite6219.44Holiday5978.665812.855…
Exchange Rates (October 21, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 15Oct. 14Oct. 11Oct. 10Oct. 9US$ in C$1.5855Holiday1.58881.5…