Xstrata gets court nod (June 23, 2003)
The Supreme Court of Queensland has approved London-listed Xstrata’s A$4.9-billion cash-and-debt takeover of Aussie miner M.I.M. Holdings.The court’s decision was late in coming, as it investigated al…
2003
Platinova drops merger, faces listing review
The Toronto Stock Exchange is reviewing the specialty shares of Platinova Resources (PVA.S-T) to see if they meet the requirements for continued listing. Also under review are the common shares of par…
Etruscan, Semafo break ground in Niger
Having raised US$27 million in a debt financing, partners Etruscan Resources (EET-T) and Semafo (SMF-T) are stepping up construction of the Samira Hill gold project in Niger.Under the financing deal, …
Suppliers Roundup (June 23, 2003)
Dyno Nobel buys explosives firmDyno Nobel of Norway has bought a majority interest in St. Lawrence Explosives (SLE), which is based in up-state New York.The deal comes only weeks after Dyno Nobel agre…
Trading Summary (June 20, 2003)
It was a fairly quiet day of trading on June 20, with the broad TSE composite index falling only 12.50, or 0.18%, t…
Falco ponders new Timmins mine
Falconbridge (FL-T) has outlined a positive development plan for itsMontcalm nickel-copper project, situated 70 k…
Freeport-McMoRan to redeem gold-linked preferreds (June 20, 2003)
Freeport-McMoRan Copper & Gold (FCX-N) is proceeding with the forcedredemption, on Aug. 1, 2003, of its gold-deno…
Cumberland exercises warrants totaling $5 million
Vancouver — Cumberland Resources (CBD-T) reports that share purchase warrants originating from a $14.675 million f…
Two more kimberlites found at Churchill
Vancouver — Shear Minerals (SRM-V), Northern Empire Minerals (NEM-V) and BHP Billiton (BHP-N) have discovered two…
Tournigan mobilizes second drill in Northern Ireland
Vancouver — Tournigan Gold (TVC-V) has contracted a second diamond drill rig to commence drilling at the Tyrone pr…
Trading Summary (June 19, 2003)
Spooked by some recent profit warnings, investors sent the Toronto Stock Exchange down 25.01 points to end Thursday…
Queenstake raises $21 million
Vancouver Denver-based Queenstake Resources (QRL-T) has announced a brokered private placement financing worth $2…