Rockwell starts drilling at Pedra Branca
Vancouver — Rockwell Ventures (RCW-V) and its Denver-based partner, Solitario Resources (SLR-T), have commenced drilling at the Pedra Branca platinum-palladium-rhodium project in northeastern Brazil….
Rio Tinto plc
Trans Hex trenches Barra Grande
Toronto-based Trans Hex International (THI-V) will continue developing the Barra Grande diamond project in Brazil’s Minas Gerais state with the aid of US$1 million in financing from its South African …
Dow, gold continue climb
Denver — The Dow Jones industrial average climbed 113.99 points, or 1.1%, during the holiday-shortened report period April 11-17 to close at 10,216.73.Comex spot gold on the New York Mercantile Excha…
No white knights in Labrador and Luscar fights
In two quiet corners of the mining industry — the iron ore and coal businesses — takeover battles for income funds have enlivened the profitable, but otherwise dry, business of cashing royalty chequ…
Tahera finds new kimberlite at Jericho
Exploration drilling by Tahera (TAH-T) has uncovered a new kimberlite body at its wholly owned Jericho project in Nunavut, 430 km northeast of Yellowknife.The kimberlite lies under a small lake, 6 km …
Golden Star boosts interest in Bogoso
Denver — Golden Star Resources (GSC-T) has agreed to acquire its partner’s stake in the Bogoso gold mine in Ghana in exchange for 3 million shares of the company.Australia’s Anvil Mining will transfe…
Dow clears 10,000 again
Denver — The Dow Jones industrial average rallied 617.03 points, or 6.5%, in the report period ended April 10, after a disastrous previous week, to close at 10,102.74.Mining issues were dragged along…
Nasdaq takes yet another tumble
Denver — After a brief respite, the Dow Jones industrial average continued its downward spiral during the report period ended April 3, tumbling 461.83 points, or 4.6%, to 9485.71. Meanwhile, the Nasd…
Mining mergers assume ‘victim or vulture’ theme
As mining deals get bigger and the pace of consolidation accelerates, the emerging trend might best be described as “victim or vulture,” says London-based analyst Jack Jones of CIBC World Markets.”Thi…
Repadre in black despite year-end writedown
Improved earnings from the Tarkwa gold mine in Ghana meant Repadre Capital (RPD-T) turned a profit of $2.7 million on revenue of $8.9 million in 2000, while taking a $3-million charge against assets o…
Rio sells North’s forestry assets
Denver — Rio Tinto (RTP-N) has unloaded a forestry products subsidiary onto a Tasmanian company for A$335 million in cash, which could be used to sweeten the bid for the Labrador Iron Ore Royalty Inc…
National Gold closes Salamandra deal
Vancouver — Having made the initial $250,000 payment required for the purchase of the Salamandra gold property in Mexico, National Gold (NGT-V) must now raise $3.6 million by Aug. 30.The junior took …