Fortune cashes up
Fortune Minerals (FT-T) has privately placed 643,500 units at 70 apiece to The Contrarian Resource Fund and three…
2003
Outokumpu cashes in Inmet shares
Finland’s Outokumpu has raised 23 million euros via the sale of about 4 million shares in Inmet Mining (IMN-T)….
Alcan bid approved
The European Commission has given the green light to Alcan’s (AL-T) 4-billion-euro takeover of French rival Pechiney (PY-N), but not without some strings attached.In its investigation of the proposed …
Anglo bets on zinc
During the report period ended Sept. 30, Anglo American completed its purchase from Toronto-listed junior Ivernia West of the 50% interest it didn’t already own in the underground Lisheen zinc mine in…
Inco deals debentures
Taking advantage of low interest rates, Inco (N-T) intends to offer US$300 million worth of debentures in order to retire existing notes.Net proceeds, expected to top $297 million, are earmarked for t…
Resource-sector deals drive junior exchange
Vancouver — Canada’s junior exchange finished the week ended Sept. 30 with a modest gain, compared with previous weeks. The S&P-TSX Venture Exchange composite index finished the period up 3.53 points…
Feds to study diamond sector
Indian and Northern Affairs Canada (INAC), a department of the Ministry of Indian Affairs and Northern Development, is about to undertake what it hopes will be an authoritative study of Canada’s burge…
Plexmar hikes to Peru (October 06, 2003)
Junior Plexmar Resources (PLE-V) has inked a deal to earn a full interest in the Marilia gold property in the Cajamarca department of northern Peru.The property, which covers 5 sq. km, is 15 km west o…
Spot Prices Tuesday, Sept. 30, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$384.50-0.75Silver$5.12-0.11Platinum$708.00+3.00P…
Canadian Stock Exchange Indices (October 06, 2003)
DateSept 29Sept 26Sept 25Sept 24Sept 23HighLowTSX Comp7445.60…
Cambior, Ariane kindle merger mania
The Toronto Stock Exchange’s gold index gave back its recent gains, and then some, during the report period ended Sept. 30, as the yellow metal yo-yoed its way US$3 per oz. higher to an afternoon fix …
First Quantum cuts oxide copper at Lufua
Drilling by First Quantum Minerals (FM-T) at its Lufua copper prospect in the Democratic Republic of Congo’s Katanga province has indicated a zone of oxide and sulphide copper mineralization.First Qua…