2004

Bema lands Kupol loan

Vancouver — A US$60-million loan by a major German bank is encouraging Bema Gold (BGO-T) to develop the Kupol gold-silver project in northeastern Russia. The loan should ease investors’ concerns over jurisdictional issues surro…


Lax safety standards cause death: report

A report from the U.S. Mine Safety and Health Administration says sloppy safety practices contributed to the death of Gary Keeton, 57, at the No. 7 coal mine in Brookwood, Ala. The mine is operated by Jim Walter Resources, a subsidiary of Tampa, F…



GGL Diamond drills Big Hole (August 02, 2004)

Shares in GGL Diamond (GGL-V) dove 4, or about 12%, to 30 in early afternoon trading in Vancouver on July 21 after initial drilling on the Big Hole target failed to return any kimberlite.


Juniors slump as gold price loses ground

Toronto Venture Exchange-listed companies generally lost ground as gold headed lower during the report period ended July 27. The slump reflects fears of rising interest rates following better-than-expected economic indicators in the U.S. The S&P T…


Dia Bras options Mexican project

Vancouver — Through an option agreement, Montreal-based Dia Bras Exploration (DIB-V) can acquire the Promontorio gold-silver-copper property in northern Mexico by paying US$3 million in cash over five years.


UN says Congo mine poses health risk

United Nations investigators say illicit mining at the Shinkolobwe uranium mine in east Congo is putting thousands of locals at risk of contracting cancer because of high radiation levels. They also warn that the nuclear ore, if left unpoliced, co…



Starfield steps out at Ferguson Lake

Vancouver — Drilling by Starfield Resources (SRU-V) at the Ferguson Lake copper/nickel/platinum-group-metal project, 240 km west of Rankin Inlet in Nunavut, has confirmed the extension of mineralization along a major conductive…


People (August 02, 2004)

Tsodilo — Andrew Moore, Pieter Gresse and Peter Walker appointed to technical committee; Moore resigned as director but remains as VP of exploration.


Goldcorp fattens nest egg

Goldcorp (G-T) saw its second-quarter earnings nearly halved to US$9.2 million as the company withheld a third of its production to rebuild its bullion hoard.


Alcoa boosts output at smelter

Alcoa Aluminio, a wholly owned Brazilian subsidiary of Pittsburgh-based Alcoa, plans to boost its share of aluminum capacity by 30%, or 63,000 tonnes per year, at the Sao Luis (Alumar) aluminum smelter in Brazil.


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