Cdn. Royalties targets Ungava’s board
The fight between Canadian Royalties (CZZ-V) and Ungava Minerals (UNGV-CUB) has taken a twist, with the former, via a numbered subsidiary company, launching a 10-per-share cash bid for 51% of the lat…
News
Marshall Fork yields 17-carat diamond
Partners Diamond Fields International (DFI-T) and South African-based Trans Hex Group have recovered a 17-carat alluvial diamond off the coast of Namibia, near the town of Luderitz.The stone, which ca…
Another Hemlo?
A mere six years have elapsed since news of the fabulous Hemlo discoveries rocked the mining world. Yet details of another gold discovery, which displays geological parameters of Hemlo-size proportion…
Golds still have legs: Allan
In a series of reports released in June, Research Capital mining analyst Barry Allan takes a look at the gold sector and concludes it still has room to move higher.First, he examines the relationship …
Micon finds alliances expand reach
Mineral industry consulting firm Micon International has found that non-exclusive alliances, such as the one it announced in late May with poject-management and technology firm Wardrop Engineering (T….
Cameco buys Smith Ranch
Cameco (CCO-T), the world’s largest uranium supplier, just got bigger.The Saskatoon, Sask.-based company has agreed to buy the Smith Ranch in situ leach mine and various other ISL properties in Wyomin…
Syncrude’s Carter named MAC chairman
The Mining Association of Canada (MAC) has elected James Carter, president of Syncrude Canada, as its new chairman.The previous chairman was Guy Dufresne, chief executive officer of Quebec Cartier Min…
Deal reached at Noranda’s aluminum division
With more than 500 workers walking the picket lines at its Horne copper smelter in Rouyn-Noranda, Que., Noranda (nrd-t) has announced that employees at its aluminum primary products division voted 63%…
Forum addresses Chinese mining
Improving the investment climate and sustainable development in China will be among the topics addressed at China Mining 2002, a conference slated for Oct. 21-23 in Chongqing, in South Sichuan provinc…
Regional exploration turns up new prospects at Hope Bay
Cashed up after a $30-million financing, Miramar Mining (MAE-T) has found a number of new targets to use the money on after a regional exploration program on its Hope Bay project in Nunavut.The Hope B…
Voisey’s Bay clears final hurdle (July 01, 2002)
The Labrador Inuit Association and the Innu Nation, two of Labrador’s aboriginal groups, have voted to accept impacts-and-benefits agreements with Inco (N-T) regarding development of the Voisey’s Bay …
Exchange Rates (July 01, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 25June 24June 21June 20June 19US$ in C$1.52171.51681.52301.5…