Normandy buys out Inmet stake in Ovacik, Perama
Inmet Mining (IMN-T) has signed a letter-of-intent to sell its interests in two gold projects to joint-venture partner Normandy Mining (NDY-T).For a total of $43 million, Inmet will sell its 33.3% int…
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MOST ACTIVE ISSUES, March 17-23
ExchgVol (000s)HighLowCloseChangeInco LtdT1068122.9020.9020.95-1.15Barrick GoldT900528.4527.1027.30-0.20Placer DomeT744618.3017.2517.40-0.60Nuinsco ResT71612.841.521.90-0…
Etruscan finances Samira project
A US$3.5-million financing will allow Etruscan Resources (EET-T) to complete a feasibility study of the Samira Hill gold project in Niger, West Africa.The funds were provided by RMB Resources, a unit …
MINING MARKETS & INVESTMENT NEWS – U.S. MARKETS — Dow’s 10K bid loses steam
After flirting with the 10,000 mark for more than a week, the Dow Jones industrial average fell 258.64 points, or 2.6%, to close at 9,671.83 for the report period ended March 23. The loss was primaril…
Juniors target PGEs at Wolf Mountain property
The potential for discovering platinum group elements (PGE) in the backwoods of northern Ontario has attracted the attention of East West Resources (EWR-V) and Canadian Golden Dragon Resources (CGG-V)…
Partners drill West Porcupine
Operator Battle Mountain Gold (BMG-N) has begun a 2,000-metre drill campaign at the West Porcupine gold property near Timmins, Ont.Drilling is targeted for eight areas, each of which is characterized …
SUPPLIERS NEWS ROUNDUP — Cat wins education award
Machinery manufacturer Caterpillar received the Lamp of Knowledge award from Denver-based Mineral Information Institute for its video Common Ground and other teaching material.The video explains the i…
Research project finds home
A $6.8-million research and development program at Laurentian University in Sudbury, Ont., will focus on developing mining and environmental monitoring technology.The Ontario government provided $2.2 …
SUPPLIERS NEWS ROUNDUP — Olympic Dam plants up and running
A new refinery and smelter are now on-stream at the Olympic Dam copper-uranium operation in Australia.Both plants were built by Kvaerner Metals for a total cost of $320 million as part of a larger, $2…
LME WHSE LEVELS (March 29, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar. 23/99 (change from Mar. 16 in brackets):MetalStocks(tonnes)Change…
LETTER TO THE EDITOR — Team-work leads to reliable resource models
Geostatistics has become a topic of hot debate. Graham Clow discussed the issues of qualitative judgment and quantitative estimation, Edward Isaaks argued for geostatistical training, and Ben Whiting …
Robex to explore in Niger
Montreal-based Robex Resources (RBX-M) will explore for gold in northern Niger, West Africa.A deal inked with privately held GeoAfrica Gold enables Robex to gain up to an 38.3% interest in four proper…