Senior gold companies face ‘point of no return’
The twice-yearly Senior Gold Book, produced by the global mining team at HSBC Investment Bank, is one of most thorough reviews of the gold industry available to investors. It always tells it like it i…
2001
Base metals gather steam
A mild uptrend brought improvements across most of the base metals complex during the report period Feb. 26-March 2, though aluminum, still recovering from the previous week’s sell-off, saw its averag…
Sherritt extends offer for Luscar
Luscar Coal Income Fund Trust (LUS.U-T) says it will postpone the implementation of a shareholders’ rights plan as the Sherritt Coal Partnership has extended its hostile takeover bid until April 17.Th…
Boliden (March 12, 2001)
Denver — The first holes on the newly acquired Santa Julia claim block at the El Morro copper project in Chile have returned long intervals of mineralization for partners Noranda (NOR-T) and Metallic…
Nuinsco, Inco study mining accord in Thompson camp
Though still subject to due diligence and the resolution of various technical and legal issues, Nuinsco Resources (NWI-T) and Inco (n-t) have signed a letter of intent aimed at developing the Pipe Com…
McKenzie Bay proceeds with Lac Dor study
Junior McKenzie Bay International (mkby-o) has commissioned a bankable feasibility study of its Lac Dor vanadium project, 25 km southeast of Chibougamau, Que.A 4-member committee split equally betwee…
Ashanti, AngloGold boost reserves at Geita
Geita District, Tanzania — Tanzania’s mining renaissance owes much to the pioneering spirit of Ashanti Goldfields (ASL-N) and AngloGold (AU-N), which set out, in the late 1990s, to broaden their oper…
Gold Funds (March 12, 2001)
Gold Funds as of March 1, 2001Dundee Precious MetalsCentral FundNet Value$12.45$5.33Price$7.47$4.900…
Rio Algom aligns exploration strategy with Billiton
London-listed Billiton has merged the exploration activities of wholly owned subsidiary Rio Algom with its own geographically diverse exploration and development division.Projects in the Americas will…
Tres-Or adds diamond play
Vancouver-based Tres-Or Resources (TRS-V) has joined the Ontario diamond hunt.The junior recently acquired 783 claim units south of Temagami and east of Marten River, at the southern end of the Lake T…
Starfield expands resource at Ferguson Lake
Vancouver — Following two years of exploration, Starfield Resources (SRU-V) has more than doubled the known resource at the Ferguson Lake project, near Rankin Inlet in southern Nunavut.The deposit ha…
Tenke Mining fires up second rig at Vicuna
Vancouver — Junior Tenke Mining (TNK-T) has added a second drill rig to its 23-hole program on the Vicuna gold project, in northwestern Argentina.The reverse-circulation work is testing five targets:…