Gabriel advances Rosia Montana
In Romania, Gabriel Resources (GBU-T) has acquired 71 properties under its plan to resettle the town of Rosia Montana. The acquisitions are designed to clear the way for construction of a new gold min…
2002
Bema Gold makes ‘pre-emptive strike’
Eyeing some attractive South African gold assets, junior Bema Gold (BGO-T) has agreed to merge with fellow Vancouverite EAGC Ventures (YEV-V), formerly East Asia Gold.Under the deal, Bema is offering …
Quebec gold juniors still on the move
Rouyn-Noranda, Que. — The annual convention of the Quebec Prospectors’ Association, held here recently in the heart of the Abitibi, is shining a spotlight on the many exploration and development proj…
News – 14-OCT-02
Economic uncertainty holds back gold demand
Overall gold demand for jewelry, retail investment, industrial and dental uses amounted to 729 tonnes in the second quarter of 2002, 14% lower than a year earlier, according to a report by the London-…
Alcoa profits nearly halved (October 14, 2002)
U.S. aluminum giant Alcoa (AA-N) has reported a 43% drop in third-quarter earnings, owing to a global oversupply of aluminum and the slow economy.Alcoa, traditionally one of the first major U.S. firms…
Editorial: Colonial minds
Jean Chrtien’s imbecilic remarks last month about how poverty causes terrorism — and his woolly-minded connection of Arab terror to African underdevelopment — show that when uninformed people start…
NAME CHANGES (October 14, 2002)
South Atlantic Resources (SCQ-V) has changed its name to South Atlantic Ventures (SAA-V) on a 1-new-for-6-old-share basis…
Nelson Hogg
Nelson Hogg, former exploration manager of eastern Canada for Cleveland-based junior Hanna Mining, has died. He was 86.Hogg received his BSc degree from the University of Toronto in 1940 and enlisted …
NRCan helps conference
Natural Resources Canada has contributed $50,000 to the Naturallia International Forum, to be held Oct. 29-31 in Rouyn-Noranda, Que. The event is designed to help firms broaden their natural-resource …
Legislation without compensation
After 10 years of effort, legislation protecting Canada’s endangered species is likely to become law this fall.Bill C-5 is to receive second reading by the Senate when Parliament reconvenes and, if ap…
Base Metal Prices face vulnerability in the short term
This article is the first of two instalments devoted to base metals and was culled from Barclays Capital’s monthly commodities report The Commodity Refiner. Part 2 will appear in our Oct 21-27 issue.B…