2002

Tiomin gets the nod at Kwale

After years of review, Kenya’s Mining and Prospecting Licensing Committee has approved a 16-year Special Mining Lea…





Namco puts subsidiaries in dry dock

Unable to secure additional funding from its bankers and principal lenders, marine diamond miner Namibian Minerals (NMR-T) has been forced to shut down certain of its South Africa and Namibia subsidia…


Linear drills Nfld prospect

Linear Resources (LRR-V) has begun a 700-metre drill program on an intrusion-related, gold-bearing prospect at its 15-claim Powderhorn property on Newfoundland’s East Coast.Linear can earn acquire the…


Producer and Dealer Prices (December 16, 2002)

Antimony: Mid-mkt US$2,500/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.55/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.30-6.50/lb.Copper: Comex Mar US$0.745/lb.


WMC gains titanium asset

The biggest deal of the report period was WMC Resources’ US$87.5-million acquisition from South Africa’s Southern Mining of the world’s largest undeveloped titanium mineral-sands deposit: Corridor San…


Gold shines as Iraqi stalemate continues

Profit-takers outnumbered investors over the Dec. 4-11 report period, causing the Toronto Stock Exchange composite index to lose 43.41 points. The index finished the week at 6,597.20.Gold, buoyed by n…


Lending Rates (December 16, 2002)

as of 4 pm ET, Dec. 10, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.41LIBOR US$ 6-month1.43LIBOR US$ 1-year1.59Gold lease 3-…


Junior exchange edges up

Vancouver — Canada’s junior exchange posted modest gains over the week ended Dec. 10. The S&P-TSX Venture Exchange composite index tacked on 6.05 points, or 0.63% of its value, and closed at 966.24.P…



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