South Atlantic sells Coromandel
Vancouver-based South Atlantic Resources (SCQ-V) has sold its Coromandel diamond project to Black Swan Resources (BSW-T) for US$1.4 million, payable over four years.Black Swan has other alluvial diamo…
2001
MOST ACTIVE ISSUES, APRIL 11-17
ExchgVol(000s)HighLowCloseChangeAlcoa*N16600 39.68 37.75 38.18- 1.07…
Metal Prices (April 23, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateApril 17April 16April 13April 12April 11Aluminium14…
Southern Peru plans Ilo smelter upgrade
Denver — Southern Peru Copper (PCU-N) has raised US$400 million to finance modifications to the Ilo smelter, expansion of the Toquepala copper mine and construction of leaching circuits at the Cuajon…
Codelco set to expand in competitive market
Denver — The world’s largest producer of copper, Corporacion Nacional del Cobre de Chile (Codelco), is scrambling to stay on top of the game following a recent spate of mergers.The Chilean state-owne…
Crystallex drills at Lo Incredible
Gold exploration in Venezeula is a shadow of what it was in the late 1980s, but several juniors, including Crystallex International (KRY-T), remain active in the region.Crystallex recently secured con…
Staff Investment Policy (April 23, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
CVRD focuses on mining
Denver — Brazil’s iron-ore giant Companhia Vale do Rio Doce (RIO-N) has sold its interest in steelmaker Companhia Siderurgica Nacional (SID-N) in order to focus on its mining and transportation busin…
Drilling buoys Geomaque
The final three holes of a 15-hole drill program are keeping Geomaque (GEO-T) optimistic at its Marathon palladium project in northern Ontario.The Toronto-based junior sank 3,000 metres to delineate a…
Canadian Stock Exchange Indices (April 23, 2001)
DateApril 17 April 16April 13April 12April 11HighLowTSE 30…
Queenston stakes gold prospect
Queenston Mining (QMI-T) has staked a 120-sq.-km claim block on the northwestern portion of Lake Abitibi in northeastern Ontario.The claims, situated in Steele, Purvis, Bowyer and Galna twps., cover a…
Ghana’s gold loses lustre as neighbours gain ground
Denver — Ghana’s status as a leading gold producer is being eclipsed by Tanzania, Guinea and Mali, according to a report in The Accra Mail, a private bi-weekly newspaper.Gold production in the West A…