Black empowerment in South Africa
The past year was momentous for South African mining. The adoption of radical regulations ushers in a non-racial, competitive and socially inclusive era in the industry.It is unrealistic to imagine th…
2003
Ivanhoe extends Far North Oyu zone
Vancouver — Geophysical surveying of the Turquoise Hill copper-gold project in Mongolia indicates that the Southwest, Central and Far North Oyu zones are all part of one mineralizing system.Ivanhoe M…
Canadian Stock Exchange Indices (January 13, 2003)
DateJan. 7Jan. 6Jan. 3Jan. 2Dec. 31HighLowTSX Composite…
Iamgold-Repadre merger goes through
Following a positive vote by its shareholders and an order in the Ontario Superior Court, gold royalty company Repadre Capital (RPD-T) has been merged into Iamgold (IMG-T).The friendly merger, agreed …
Bulls back on Wall Street
A 265-point jump in the Dow Jones Industrial Average on the first trading day of 2003 put investors in the mood for gains, and the U.S. markets in general had a stellar week. The Dow was up 407.74 poi…
Alcoa
A new estimate indicates that the past-producing Macassa mine has a proven and probable reserve of 726,000 tonnes grading 15.4 grams gold per tonne, or 356,300 oz. gold.Kirkland Lake Gold (KGI-V) repo…
Nevada Pacific explores Bluebird gold property
Vancouver — Nevada Pacific Gold (NPG-V) has inked a deal to explore the Bluebird property, at the northern end of the Battle Mountain trend in Nevada’s Lander Cty.The property consists of 10 unpatent…
ECU most active trader during skittish week.
Vancouver — Mining stocks continued to move and shake on Canada’s junior exchange during opening days of 2003. The S&P composite index closed up 43.08 points, or 4.1% of its value, to finish the week…
LME Warehouse Levels (January 13, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 7 (change from Dec. 27 in brackets):MetalStock(tonnes)ChangeAluminium1237275(-12…
AngloGold provides AIDS drugs
AngloGold of South Africa has been administering antiretroviral therapy (ART) to workers suffering from HIV/AIDS.The treatment is the first stage of the project announced by AngloGold and Anglo Americ…
Cameco, partners buy BE’s Bruce Power interest
The world’s largest uranium producer is adding to its portfolio of downstream uranium assets.Just before the Christmas break, Saskatoon-based Cameco (CCO-T) joined forces with TransCanada PipeLines (T…
Cardero buoyed by Argentine silver
Vancouver — Last year was a banner one for Cardero Resource (CDU-V), and with a $2.9-million financing in hand, the junior aims to step up exploration in 2003.Over the past year, the junior saw its s…