Stronger gold pays off in Burkina Faso
The recent surge in the price of gold has revitalized exploration in Burkina Faso, a pocket of Africa known more for its poverty than for its wealth of mineral resources.Burkina Faso first emerged as …
News
Cambior builds Rosebel mine
Cambior (CBJ-T) has begun building the Rosebel gold mine in northern Suriname, with political risk coverage underwritten by a group including Export Development Canada.Cambior will spend US$95 million…
Canadian Stock Exchange Indices (February 10, 2003)
DateFeb. 4Feb. 3Jan. 31Jan. 30Jan. 29HighLowTSX Composi…
Daily Metal Prices (February 10, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 4Feb. 3Jan. 31Jan. 30Jan. 29Al Alloy1445/1420…
Olympus resumes drilling
Vancouver — Armed with a $625,000 financing, Olympus Pacific Minerals (OYM-V) has resumed drilling at its Phuoc Son gold project in central Vietnam.The current, 2,400-metre infill program is focused …
People (February 10, 2003)
Alcoa — William Christopher appointed executive VP and group president for Alcoa Aerospace, Automotive and Commercial Transportation; Paul Thomas appointed VP of Alcoa and president of North American…
Great Basin drills Burnstone (February 10, 2003)
Vancouver — Great Basin Gold (GBG-V) has launched a 5-rig, 20,000-metre diamond drilling program over its newly acquired Burnstone property, 100 km southeast of Johannesburg, South Africa.The project…
Philex disappoints
Vancouver — Drill results from Philex Gold’s (PGI-V) Boyongan deposit in the Philippines have prompted operator Anglo American (AAUK-Q) to seek additional tonnage on the surrounding North property.Al…
Goldcorp buys into American Bonanza
Vancouver — High-grade miner Goldcorp (G-T) has taken a 10.4% stake in the junior explorer that holds the Copperstone project in southwestern Arizona.That company, American Bonanza Gold Mining (BZA-V…
Ontario spends $10m on mine rehab
The Ontario government will spend $10 million this year on a program designed to rehabilitate abandoned mines.The work is being carried out under the $27-million Abandoned Mines Rehabilitation Program…
Higher output from Diamond Fields
The recovery of 4,700 carats of gem-quality diamonds from the Marshall Fork deposit has prompted Diamond Fields International (DFI-T) to add a second mining vessel to its Luderitz Blue Bay grant off t…
Melville yields diamonds for Northern Empire, Stornoway
Vancouver — The cloak of secrecy under which Northern Empire Minerals (NEM-V) and Stornoway Ventures (SWV-V) acquired more than 5,200 sq. km in Nunavut has proved efficacious: the partners have disco…