Anglo Investing US$25 Million in Nautilus for 11.5% Stake
Vancouver — Nautilus Minerals (NUS-V, NUSMF-O) plans a US$68.5-million financing and has lined up mining giant Anglo American (AAUK-Q, AAL-L) to bankroll 36.5% of the deal.
News
Imperial Metals Pulls Plug on Hostile Offer for bcMetals
Vancouver — Unable to stomach bcMetals’ (C-V, BMTLF-O) poison pill, Imperial Metals (III-T, IPMLF-O) has withdrawn its unsolicited 95-per-share bid for the junior.
Lending Rates (November 20, 2006)
as of 4 pm ET, Nov. 13, 2006 (%) Bank of Canada 4.50 Target overnight rate 4.25 Canadian Prime 6.00 U.S. Discount Primary 6.25 U.S. Fed Funds market rate 5.25…
Alhambra Intersects Higher Grades at Uzboy
Vancouver — Alhambra Resources (ALH-V, AHBRF-O) president Elmer Stewart says he is encouraged by the results of drilling to the northwest of the company’s Uzboy gold mine in Kazakhstan.
International Quotes (November 20, 2006)
Australia (A$) Nov 13 Nov 7 Change Bendigo Mining 0.81 0.83 -0.02 Centamin Egypt 0.66 0.67 -0.01 Croesus Mining 0.28 0.28 0.00 Emperor Mines 0.34 0.31 0.03 Kingsgate Cons. 4.08…
Exchange Rates (November 20, 2006)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
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):
Letter to the Editor: Foreign takeovers could signal end of Canadian based research
The October announcement of the virtual extinction of Inco’s, board of directors by Companhia Vale do Rio Doce concludes another chapter in the globalization of the mining industry and raises serious …
Leading the World in Exploration
On behalf of the Association for Mineral Exploration British Columbia (AME BC) and the Conference Organizing Committee, we would like to invite you to the 24th annual Mineral Exploration Roundup, the …