New tents pitched in Red Lake camp
Aquiline Resources (AQI-V) has entered into an option agreement to acquire a 60% stake in Global Consolidated Minerals’ Dome project, in the Red Lake mining camp in northern Ontario.To acquire its int…
Anglo American plc
Golds slump in weak market
Dow 36,000 receded further into the distance over the report period Oct. 1-8, with the bellwether U.S. stock index plunging 437.30 points to finish at 7,501.49. But the gold stocks, which have been fe…
BHP shuts Anglo out of Ekati
It was a relationship that couldn’t last: BHP Billiton has notified its global rival, Anglo American, that it would not renew its agreement allowing Anglo subsidiary De Beers the right to marke…
Sweden’s Storliden makes the grade
Skelleftea, Sweden — Storliden, the first new mine in Sweden in more than a decade, has begun commercial production of copper and zinc on time and under budget.Situated 140 km northwest of the city o…
Aussie success drives LionOre’s growth
Perth, Australia — The last couple of years have been stellar ones for LionOre Mining International (LIM-T). Through timely acquisitions and a string of grassroots discoveries in Western Australia, t…
AfriOre gains gold interests in Africa
Continuing its trek to become a gold producer, metal-explorer-turned-coal-miner AfriOre (AFO-T) has wrapped up two deals to gain interests in gold exploration projects in Mali and South Africa.In Mali…
Nickel laterites fail to live up to early promise
The pioneers of Australia’s nickel laterite industry set the bar way too high. Just three years ago, they were the stars of the nickel business, determined to lower the industry cost curve and revolut…
Anaconda Nickel tables debt plan
Australian-based Anaconda Nickel has reached a deal that will see its secured creditors receive US$190 million in cash, or about US25 on the dollar, for the outstanding secured debts of its wholly ow…
LionOre to consolidate Aussie nickel operations (September 16, 2002)
Looking to consolidate its nickel mining interests down under, Toronto-based LionOre Mining International (LIM-T) has launched an A85-per-share bid for the 20% stake it doesn’t already own in its Aus…
Disputada legal dispute heats up (September 02, 2002)
Vancouver — U.S. oil giant ExxonMobil (XOM-N) has filed a civil suit against Chile’s state mineral company, Enami, adding to the legal complications that have delayed the US$1.3-billion sale of its C…
Rally leaves golds behind
A strong rally in the U.S. markets over the report period Aug. 13-20 brought the Dow Jones Industrial Average up 4.6% and the broader Standard & Poor’s 500 up 6%.The Dow finished the period at 8,872.0…
De Beers confirms commitment to Canada
Although its roots are in South Africa, De Beers believes the emphasis given to Canadian diamond exploration is fully justified. Last year, Canada accounted for 40% of the US$73 million the company sp…