Red Back gains Canadian listing
A merger agreement between Australian-listed Red Back Mining and Vancouver-based Champion Resources (CHA-V) will give Red Back a long-sought foothold in Canadian capital markets.The deal will see Cham…
News
Bolnisi breaks camp at Ocampo gold project
Months after reconfirming its commitment, Australian-based Bolnisi Gold has decided to pull out of the Ocampo joint venture with Gammon Lake Resources (GAM-T) in return for US$5 million.In early June,…
First Quantum cuts more copper oxides in Congo (November 17, 2003)
First Quantum Minerals (FM-T) has pulled more long intersections of copper-bearing oxides and sulphides from its newly discovered Lufua zone in the Democratic Republic of Congo’s Katanga province.The …
Exchange Rates (November 17, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 10Nov. 7Nov. 6Nov. 5Nov. 4US$ in C$1.31061.32371.33591.3313…
Miners stage retreat
After running up in mid-week action, the Dow Jones Industrial Average closed the Nov. 5-11 report period 83.04 points lower at 9,737.79, while the Standard & Poor’s 500 index shed 5.24 points to make …
Bendigo moves to plan B
Australian-based Bendigo Mining is seeking alternative financing arrangements for its New Bendigo project under the assumption that the 360 million options it granted to Harmony Gold (hmy-n) will not …
Kirkland Lake cuts porphyry south of Main Break
Underground drilling by Kirkland Lake Gold (KGI-T) has turned up three new gold prospects at the Macassa mine in northern Ontario. All lie south of the 4700 level and were cut by hole 47-994B.The firs…
TNM launches online job board
The Northern Miner has launched an online job board exclusive to the mining industry. The website, northernminerjobs.com, promises to match job seekers with companies looking for personnel.Job seekers…
GlobeStar eyes $5m for Maimon
GlobeStar Mining (GMI-V) has inked a deal with Canaccord Capital and Dundee Securities to raise $5 million for its advanced Cerro de Maimon copper-gold project in the Dominican Republic.Under the deal…
That Old Economy feeling
A funny little application on the Internet lets you roll your cursor arrow over a graph; as you do that, four caricature figures, meant to be economists, follow your every move.The point of the joke i…
Freewest expands Clarence Stream
A recently completed drill program at the Clarence Stream gold property in southwestern New Brunswick shows that there is continuity between the AD and MW zones, confirming suspicions that they are co…
Lending Rates (November 17, 2003)
as of 4 pm ET, Nov. 11, 2003(%)Bank of Canada3.00Target overnight rate2.75Canadian Prime4.50U.S. Discount Primary2.00U.S. Fed Funds market rate1.00U.S. Prime4.00LIBOR US$ 3-month1.18LIBOR US$ …