SouthernEra expands presence in Bushveld
SouthernEra Resources (SUF-T) and its South African-based partner, Mvelaphanda Resources, are preparing to explore three platinum group metals properties in the Bushveld igneous complex.Dubbed Rooibok…
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Lending Rates (August 19, 2002)
as of 4 pm ET, Aug. 13, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.73LIBOR US$ 6-month1.69LIBOR US$ 1-year1.74Gold lease 3-month0.28Gold leas…
Pacific Rim cuts high-grade at El Dorado (August 19, 2002)
Vancouver — Pacific Rim Mining (PMU-V) has cut high-grade gold at the El Dorado project in El Salvador.The announcement follows the receipt of assay results for the bottom 70 metres of hole P02-204, …
Imperial Metals cuts high grade at Sterling (August 19, 2002)
Vancouver — Imperial Metals (III-V) has released high-grade assay results from the first three holes drilled in a 6-hole program at the Sterling mine, near Beatty, Nev.The diamond drill program teste…
LME Warehouse Levels (August 19, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, August 13 (change from August 6 in brackets):MetalStock (tonnes)ChangeAluminium1297275…
Verena eyes Russian gold (August 19, 2002)
Toronto-based Verena Minerals (YVM-V) will acquire a 60% interest in the Bamsky and Vladimirsky gold deposits in Russia from a group of vendors including Nordic Resource Group, Apsakan, Tokuringra Joi…
TSE Short Positions (August 19, 2002)
Short positions outstanding at July 31, 2002Larger individual positions includeAgnico-Eagle 5,867,009 up 808,433; Alcan Inc. 871,161 down 324,145; Aur Resources 579,245 down 56,116;…
Gold’s prospects dominate Aussie mining conference
Kalgoorlie, Australia — Consolidation in the gold mining sector and an optimistic outlook for the price of bullion over the next 18 months had delegates in high-spirits at the 10th annual Diggers & D…
Afri-Can ups stake in Block J
Using proceeds from a private placement, Afri-Can Marine Minerals (afa-v) will renew sampling at the Block J marine diamond concession, 105 km north of Luderitz, Namibia.Block J extends 45 km northwar…
Daily Metal Prices (August 19, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAugust 13August 12August 9August 8August 7Al Alloy1…
Rio Narcea bullish at Aguablanca (August 19, 2002)
Having completed a bankable feasibility study of its advanced Aguablanca nickel-copper project in southern Spain, Rio Narcea Gold Mines (RNG-T) is awarding engineering contracts and arranging project …
Restructured Newmont proves profitable
Shareholders of Newmont Mining (NEM-N) got their first hard look at their “new” company, as the Denver-based gold giant released its first quarterlies, showing the full effects of its February merger …