Peruvian police nab murder suspect
Peru’s national police have arrested a suspect in the shooting death of Jorge Luis Injoque, a geologist working for Barrick Gold in that country. The suspect’s name was not released.Injoque died July …
News
Gold bugs support Chinese gold IPO
Zhongjin Gold Co., China’s first-ever gold producer, recently bowed on the Shanghai Stock Exchange, and by the end of its first day of trading, its A shares had closed at 8.82 yuan — more than double…
Good pay day for BHP’s Goodyear
BHP Billiton CEO Charles “Chip” Goodyear will receive an annual remuneration package worth almost A$6 million.The package consists of a base salary of A$1.9 million, another A$1 million in lieu of sup…
Gold glitters on junior exchange (September 01, 2003)
Vancouver — Canada’s junior exchange continued its bull run over the week ended Aug. 26 as it chased after rising bullion prices. The S&P-TSX Venture Exchange composite index tacked on 25.88 points, …
Save the Sphinx
Well, the Pyramids are secure from those nasty robber barons: the International Council on Mining and Metals (ICMM), following consultations with the World Conservation Union and the United Nations Ed…
Atna deals Golden Cloud to Great Basin Gold
Vancouver — Hunter-Dickinson-led Great Basin Gold (GBG-V) has inked a deal with Atna Resources (ATN-T) to acquire a 70% stake in the Golden Cloud property in Nevada.The project is connected to the so…
Camp Caiman advancing to feasibility
A preliminary economic assessment of the Camp Caiman gold project in French Guiana indicates that production of just under 100,000 oz. gold annually could be economic.The study, done for owner Ariane …
LME Warehouse Levels (September 01, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 26 (change from Aug. 19 in brackets):MetalStock(tonnes)ChangeAluminium1336700(+1…
Glencairn targets flow-through financing
Vancouver — Glencairn Gold (GLJ-V) intends to raise $1.6 million via a placement of 3.6 million flow-through warrants priced at 45 each.Each special warrant is exercisable, at no cost, into one flow…
Alcan submits formal bid for Pechiney
Alcan (al-t) has submitted its 3.4-billion-euro bid for French rival Pechiney to the European Commission. The Montreal-based aluminum giant had launched its hostile bid in early July but held off form…
Jobs at risk in UK power plant buyout
UK Coal says as many as 9,000 jobs could be lost if London-based BHP Billiton takes over Drax, the United Kingdom’s biggest power station.Drax buys a third of its fuel from UK Coal, but there are conc…
Siwash drilling resumed
Junior Almaden Minerals (AMM-T) has launched a small drill program with view toward restarting the Siwash gold mine, near Merritt, B.C.In the 1990s, Siwash produced 51,750 oz. from 18,400 tons of ore….