Correction (November 24, 2003)
In our Oct. 17 issue, we incorrectly stated that Canico Resource (CNI-T) would carry out matte smelting at its Ona-Puma nickel-laterite project in Brazil.Canico is considering both ferronickel and ma…
News
Spot Prices Tuesday November 18, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$392.42+14.10Silver$5.21+0.28Platinum$762.00+20.00…
Fury finds two zones at Windfall Lake
A new structural model drawn at Windfall Lake, in northwestern Quebec, seems to be holding up for Fury Explorations (FUR-V).Fury can earn a 37.5% interest in the property, which covers 534 ha (5.3 sq….
Court upholds Troilus award
The British Columbia Court of Appeal has dismissed an appeal by Homestake Canada, a subsidiary of Barrick Gold (ABX-T), against the January 2001 judgment of the province’s Supreme Court awarding $88 m…
Etruscan tests anomaly in Mali
Nova Scotia-based Etruscan Resources (EET-T) has begun a program of soil sampling and auger drilling over a regional gold-in-soil anomaly on the 200-sq.-km Nianembale permit in Mali, West Africa.The 3…
Partners fizzle at Headway property
A second phase of drilling at the Headway property in the Red Lake camp of Ontario has returned mixed results for King’s Bay Gold (KBG-V) and Solitaire Minerals (SLT-V).The highest reported result was…
Noranda’s CFO retires
Noranda’s (NRD-T) chief financial officer, Lars-Eric Johansson, has retired after 14 years of service.Johansson will remain with the company to help with the financing of Falconbridge’s (FL-T) Koniamb…
AMF inks Kolwezi deal
America Mineral Fields (AMZ-T) is another step closer to developing the Kolwezi cobalt-copper tailings project in the Democratic Republic of Congo.After 10 months of negotiations, the company has agre…
Thistle bulks up resources at Steyn (November 24, 2003)
Re-evaluation of existing drill data at the President Steyn gold mine near Welkom, South Africa, has identified two large blocks of mineralization, inducing owner Thistle Mining (THT-T) to carry out f…
‘Mineropoly’ wins Junior Miner contest
Ten-year-old Trevor Smith of Toronto has won this year’s Junior Miner of Ontario award for creating a board game that stresses the use of mined materials in everyday items.Smith took home the $150 top…
Feds to spend $10m to boost Arctic mining
The federal government will spend an additional $10 million over two years on geological maps and surveys in Canada’s north in an effort to stimulate exploration and development.The funding is part of…
South Africa takes action on mine safety
The government of South Africa has stopped black-owned company New Diamond Corp. (NDC) from mining and prospecting at Schmidtsdrift, an alluvial diamond mine in the Northern Cape.The Department of Min…