Anglo greases drills at Boyongan project
Vancouver — Anglo American (AAUK-Q) is sending eight drill rigs to explore the Boyongan project in the southern Philippines. The property is held equally by Anglo American and Philex Gold (PGI-V).Ang…
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Anglo American faces apartheid suit (April 14, 2003)
U.S. lawyer Edward Fagan, known mostly for forcing Swiss banks into a US$1.25-billion settlement for Holocaust victims, has filed suit in a U.S. court for up to US$6.1 billion in damages against Anglo…
W.Va. allows diesel power underground
Regulators in West Virginia have approved the experimental use of diesel-powered equipment at two Peabody Coal operations, ending a longtime ban on the use of internal combustion engines in undergroun…
Project boosts search for uranium in Alberta
EXTECH IV study sees potential for unconformity-type depositsApproximately 10% of the Athabasca Basin is in northeastern Alberta, but this region has yet to yield a uranium deposit comparable in size …
TSX reviewing Crystallex
Changes to accounting practices at Crystallex International (KRY-T) have obliged the company to restate its earnings for three quarters in 2002.The restatements became necessary because of changes to …
Ivanhoe expands Far North with high-grade gold-copper zone
The discovery of deep high-grade copper-gold mineralization in stepout drilling on the Far North zone in Mongolia’s South Gobi region is changing the complexion of the Turquoise Hill project.Ivanhoe M…
Freeport-McMoRan sweetens redemption price
A tepid reception has prompted Freeport-McMoRan Copper & Gold (FCX-N) to spruce up an offer for early redemption of its 7.5% senior notes due in 2006.The major is now offering US$1,030 per US$1,000 pr…
Cheviot mine on hold
Poor markets for metallurgical coal have caused Fording Canadian Coal Trust (fdg.un-t) to suspend development at its Cheviot coal project near Hinton, Alta., until markets improve.Cheviot, which had b…
RJK cuts gold at Wedge (April 14, 2003)
The first hole drilled by RJK Explorations (RJX.A-V) on its Wedge property, near Shebandowan, Ont., has intersected significant gold mineralization.The hole was testing the Creek zone, where grab samp…
Soquem inks joint ventures with Quinto Technology
Vancouver — Quinto Technology (QU-V) has signed an agreement with provincially owned Soquem to establish two 50-50 joint ventures in the Lac Gueret area of Quebec.Soquem recently performed an airborn…
Northern Orion joins Wheaton
Vancouver — the Unidentified Third Party That Agreed to Share the Us$180-Million Price Tag for a 25% Stake in the Bajo De La Alumbrera Gold-Copper Project Has Been Unmasked. Northern Orion Exploratio…
Cameco trying to fix water problems at MacArthur; Jerritt
Operations at Cameco’s (cco-t) MacArthur River uranium mine in northern Saskatchewan were suspended on April 6 after water infiltration in a development drift overburdened the mine’s pumping system.Ca…