Manhattan takes Peruvian dispute to arbitration
Manhattan Minerals (MAN-T) is in the midst of selecting an arbitrator in a bid to regain its option to earn a 75% stake in the embattled Tambo Grande massive sulphide property in Peru.The company has …
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Spider, KWG expand McFaulds Lake target
Vancouver — Partners Spider Resources (SPQ-V) and KWG Resources (KWG-V) are encouraged by drill results from the McFaulds #3 base metal deposit in the James Bay Lowlands of Ontario.Hole 20 intersecte…
Daily Metal Prices (February 23, 2004)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 17Feb. 16Feb. 13Feb. 12Feb. 11Al Alloy1590/162…
LME Warehouse Levels (February 23, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 17 (change from Feb. 10 in brackets):MetalStock(tonnes)ChangeAluminium1404375(-1…
Cape Town conference brings support from African politicians
Cape Town, South Africa — Improved commodity prices and easier mine financing made for an upbeat mood at the Indaba 2004 meeting, formally known as the Investing in African Mining Conference.Organize…
‘Mining for Miracles’ gets Ekati diamond
Vancouver — A diamond from the Ekati mine in the Northwest Territories will be raffled to raise money for the British Columbia Children’s Hospital in Vancouver.The raffle is part of the Mining for Mi…
Pivotal year for Ashton, Soquem in Quebec
A bulk-sampling drilling program is under way at the Foxtrot property in north-central Quebec as Ashton Mining of Canada (ACA-T) and partner Soquem set about recovering a cumulative sample of at least…
Diamonds outshine gold on TSX
The Feb. 11-17 report period saw the S&P-TSX Composite Index recover from a mid-period dip to end just 0.6 of a point lower at 8,767.1. The gold index mimicked the yellow metal’s performance, yo-yoing…
Breakwater eyes Boliden’s Myra Falls
Breakwater Resources (BWR-T) has agreed to acquire the Myra Falls zinc-copper mine on Vancouver Island from Swedish miner Boliden (BLS-T).Breakwater will issue 18 million shares plus 5 million warrant…
Falconbridge soars to higher perch in ’03
Thanks to a strong finish, Falconbridge (FL-T) nearly quadrupled its earnings in 2003.Falco pocketed US$194 million (or US$1.05 a share) on 2003 revenue of US$2.08 billion, compared with US$50 million…
Gold Fields battered by volatile rand
A tough operating environment at home has spurred Johannesburg-based Gold Fields (GFI-N) to step up a global diversification program.In the past few months, the company acquired the Cerro Corona gold-…
Hecla shatters silver record
The old dog is still learning new tricks: in 2003, U.S. silver miner Hecla Mining enjoyed the best year of silver production in its 113-year history. The company mined a record 9.8 million oz. at a to…