Radius takes back Tambor stake
Vancouver – Radius Exploration (RDU-V) has regained sole ownership of the large Tambor gold project in Guatemala….
News
Nevada Pacific pulls higher grades from Buffalo Canyon
Preliminary surface sampling has turned up higher grades from a known gold showing at the Buffalo Canyon project in…
Linear takes on MIM projects (October 27, 2003)
Linear Resources (LRR-V) has closed its acquisition of Australian miner MIM’s Central American exploration projects…
Newmont wins award in Indonesia
PT Newmont Nusa Tenggara (PTNNT), a joint venture between Colorado-based Newmont Mining and Japan’s Sumitomo, has received the 2002 National Golden Safety Award from the Department of Energy & Mineral…
Producer and Dealer Prices (October 27, 2003)
Antimony: Mid-mkt US$2,250/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$10.00-10.90/lb.Copper: Comex Dec. US$0.9055/lb.Indium: Indium Corp., ingot, US$180/…
LME Warehouse Levels (October 27, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 21 (change from Oct. 13 in brackets):MetalStock(tonnes)ChangeAluminium1368675(-7…
Noranda makes cuts at Horne smelter
Determined to cut operating costs by up to $30 million, Noranda (NRD-T) is slashing production at its struggling Horne copper smelter in Rouyn-Noranda, Que.Under the plan, total feed volume to the sme…
Codelco under fire
State-owned Corporacion Nacional del Cobre de Chile (Codelco) has filed a document with the Third Criminal Court of Santiago that rejects allegations of a corrupt bidding process for recent mining-rel…
Imperial Metals expands Northeast zone (October 27, 2003)
Vancouver — The latest drill results have expanded the newly discovered Northeast zone on the past-producing Mount Polley copper-gold property, 56 km northeast of Williams Lake, B.C.So far, Imperial …
Harmony Gold cuts Russian ties
Facing pressure from South Africa’s Reserve Bank to consolidate ownership or cut bait with respect to overseas projects, Harmony Gold (HMY-N) has divested itself of its Russian holdings in two separat…
Placer Dome tops up till
Vancouver — Looking to refinance costs associated with the recent acquisition of East African Gold Mines, Placer Dome (PDG-T) has added US$530 million to its till.The major issued US$300 million of u…
People (October 27, 2003)
Alcan — Christine Morin-Postel appointed director;Alcoa — John Pizzey, VP and group president of primary products, will retire in early 2004; Pizzey will be succeeded by Bernt Reitan.APAC…