The Northern Miner Indices (December 22, 2003)
North American Mining: 107.57 (-2.47)Small Producers: 105.45 (-3.63)(Sept. 30/98 = 100)…
News
Aussie coal firms merge management
The management and corporate service teams of Australia’s Coal & Allied, of which Rio Tinto is a 75.7% shareholder, will be folded into a wholly owned unit of Rio Tinto, Pacific Coal. The new entity w…
People (December 22, 2003)
Nord Resources — Ronald Hirsch appointed chairman and CEO; Erland Anderson appointed president, COO and director; Stephen Seymour appointed director; Michael Attaway appointed VP and manager of the J…
WGC unveils new gold collection
The World Gold Council has unveiled a collection and marketing initiative dubbed “Gold Expressions,” aimed at bolstering the global market for Italian-made gold jewelry.Following its formal launch in …
FNX, Dynatec exercise Inco option (December 22, 2003)
The Sudbury joint venture of FNX Mining (FNX-T) and Dynatec (DY-T) has moved to full ownership of five properties it previously held under an option agreement with Inco (N-T).FNX, with a thr…
Minco closes financing, eyes Chinese projects
Vancouver — Minco Mining & Metals (MMM-V) will use a portion of the proceeds from a bought-deal financing to explore projects in China.The financing was led by Toronto-based Octagon Capital and consi…
DRC cuts gold at Afton
Vancouver — DRC Resources (DRC-T) has intersected shallow porphyry gold mineralization at the Afton mine project near Kamloops, B.C.The intersection occurred about 1 km southeast of the Afton mineral…
Dow cracks 10,000 again
The Dow Jones Industrial Average distinguished itself during the report period ended Dec. 16 by again flying past the 10,000 mark — a feat not achieved since March 2002 — and settling up 206.14 poin…
Intrepid finds Argentine gold
Toronto-based Intrepid Minerals (IAU-V) reports high-grade gold and silver values following trenching on the Kamila zone of the Casposo property in northwestern Argentina.Intrepid has extended the zon…
Sherritt to convert shares
Nickel producer and coal holding company Sherritt International (S-T) has arranged to convert the multiple-voting shares held by its chairman, Ian Delaney, into restricted voting shares of the class t…
Martin appoints Efford as new natural resources minister
John Efford, a relative rookie in federal politics, has been appointed minister of natural resources in the cabinet of Canada’s new prime minister, Paul Martin.Efford was first elected to the House of…
Semafo cuts long intersections at Wona
Delineation drilling by Semafo (SMF-T) at its Mana gold property in central Burkina Faso has returned long intersections from the Wona gold deposit.Semafo is tightening drill control on both Wona and …