Norilsk buys OMG’s nickel business
Cleveland-based OM Group (OMG-N) has decided to sell its nickel business for US$408 million to Russia’s Noril…
2006
Nuinsco Looking at Nickel Spinoff by Year-End
Plans by Nuinsco Resrouces (NWI-T, NUIRF-O) to set up a separate company to hold its nickel assets should harden into a formal plan of arrangement this quarter, the company announced in its quarterly …
Anglo Investing US$25 Million in Nautilus for 11.5% Stake
Vancouver — Nautilus Minerals (NUS-V, NUSMF-O) plans a US$68.5-million financing and has lined up mining giant Anglo American (AAUK-Q, AAL-L) to bankroll 36.5% of the deal.
Alhambra Intersects Higher Grades at Uzboy
Vancouver — Alhambra Resources (ALH-V, AHBRF-O) president Elmer Stewart says he is encouraged by the results of drilling to the northwest of the company’s Uzboy gold mine in Kazakhstan.
Gryphon Gold Sets Borealis on Course for Relaunch
Hawthorne, Nev. — With a positive feasibility study in hand for heap-leach operations at its Borealis project in western Nevada’s Walker Lane trend, Gryphon Gold (GGN-T, GYPH-O) is advancing plans to…
Aurelian Gold Discovery Takes Centre Stage
Viewed as a prime takeover target, Aurelian Resources (ARU-V, AUREF-O) is capitalizing on a share price that is approaching $40 and the strength of a new, potentially “world-class” discovery in Ecuado…
Petaquilla Expands Molejon
Vancouver — Drilling by Petaquilla Minerals (PTQ-T, PTQMF-O) at its Molejon gold project in north-central Panama has turned up new zones of mineralization.
LME Warehouse Levels (November 20, 2006)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 13, 2006 (change from Nov. 6 in brackets):
Gold Reach Cuts Wide Copper at Seel
Vancouver — Gold Reach Resources (GRH-V, GRHFF-O) delivered a strong copper intercept from its Seel project, located about 120 km southwest of Houston, B.C., prompting a trading flurry in the junior …
Producer and Dealer Prices (November 20, 2006)
Antimony: Mid-mkt US$5,450/t.
Lundin Eyeing Growth in Iran
Vancouver — Despite the obvious political risks, Lundin Mining (LUN-T, LMC-X) is eyeing a massive zinc deposit in Iran as it bids to join the ranks of the world’s leading base metal producers.
Iceberg Proves Diamond-Bearing but Shows Low Count
Despite disappointing microdiamond counts from the newly discovered Iceberg kimberlite, Indicator Minerals (IME-V, IMEEF-O) remains enthusiastic about the potential of the Darby project, where some 95…