New deal at Altonorte in Chile
Employees at Noranda’s (NRD-T) Altonorte custom copper smelter in Chile have ratified a 3-year collective agreement. The new deal includes improved wages and benefits, and has provisions for performan…
News
Canadian Stock Exchange Indices (January 05, 2004)
DateDec. 29Dec. 26Dec. 25Dec. 24Dec. 23HighLowTSX Composite8260.54…
CIM adopts guidelines for mineral estimation
The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) has adopted best-practice guidelines for the estimation of mineral resources and mineral reserves, as recommended in a report released …
Mustang raises $6.4m
Mustang Minerals (MUM-V) has raised $6.4 million via an offering of flow-through and common share units. The proceeds will be used to explore and develop the Bannockburn and Manchester nickel properti…
Greystar resumes exploration at Angostura
Bucaramanga, Colombia — After a few very tough years at its multi-million-ounce Angostura gold project in Colombia, a resurgent gold price and a dramatically improved security situation have combined…
A year-end rush
The year just past, especially its final month, has served up some interesting and pleasant developments. When it falls to an editorial writer to run down some of the year’s events, he is lucky indeed…
MacMillan eyes private placement (January 05, 2004)
Junior MacMillan Gold (MMG-V) is trying to raise $1 million to fund an ongoing drill program at its Cerro de Oro gold-silver project near Zacatecas, Mexico.In early December, MacMillan renewed drillin…
Mongolia gives licences to Ivanhoe
Government officials in Mongolia have issued four 60-year mining licences to Ivanhoe Mines (IVN-T).The licences, which are renewable for an additional 40 years, cover 238 sq. km, including the company…
Northern Star drills Midway
Vancouver — The first hole of an ongoing 25,000-ft. drill program has cut mineralization 1,200 ft. below surface at the Midway property, west of Val d’Or, Que.Hole 10 is the deepest drill intercept t…
Exchange Rates (January 05, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 29Dec. 26Dec. 25Dec. 24Dec. 23US$ in C$1.3104HolidayHoliday1…
Verena dusts off Bonfim (January 05, 2004)
With $1.8 million in hand from a private placement, Verena Minerals (VML-V) is preparing to dewater and refurbish underground workings at the Bonfim gold-tungsten-bismuth project, 120 km west of Natal…
LME Warehouse Levels (January 05, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 24 (change from Dec. 19 in brackets):MetalStock(tonnes)ChangeAluminium1419175(-1…