Ivanhoe expands Turquoise Hill deposit
With its ever-expanding Turquoise Hill copper-gold project in Mongolia sitting on China’s doorstep, Ivanhoe Mines (IVN-T) is poised to offer a critical supply of copper metal to that country.Copper im…
News
China lures junior mineral explorers
Vancouver — In its bid to transform itself into a market-oriented economy, China has become the world’s largest recipient of foreign direct investment, and good chunk of it is earmarked for mineral e…
Nevada entrepreneurs
After 44 years and 11 months with the United States Geological Survey, I finally retired in 1981. I was only 70 years old and was certainly not ready to hang it all up. I wanted, and needed, to be pro…
Small is beautiful for Avalon
A new scoping study of Avalon Ventures’ (AVL-V) Separation Rapids lithium-silicate project in northwestern Ontario recommends construction of a mill only half as big as previously planned.The updated …
Lending Rates (March 10, 2003)
as of 4 pm ET, Mar. 4, 2003(%)Bank of Canada3.25Canadian Prime4.75U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.34LIBOR US$ 6-month1.34LIBOR US$ 1-year1.38Gold lease 3-m…
DFO uses delay tactics: geologist
The Anchorage Daily News recently reported that Alaska Governor Frank Murkowski is defending his controversial plan to take project permit power away from the Habitat Division of the state’s Departmen…
Assean drilling resumes
Drilling is under way again at the Assean Lake property in north-central Manitoba, operated by International Curator Resources (IC-T).The new program entails up to 4,500 metres of drilling, mainly to …
Partners up Tirisano resource
Partners Etruscan Resources (EET-T) and Mountain Lake Resources (MOA-V) have outlined more diamondiferous gravels at their Tirisano alluvial mine in South Africa.Indicated resources now stand at 10.4 …
PEOPLE (March 10, 2003)
Arch Coal — Bennett Hatfield appointed president eastern operations.Diadem Resources — Paul Carroll appointed president and CEO; Thomas Skimming appointed vice-chairman; former CEO, Peter Howe, will…
Wheaton River raises $334m
Wheaton River Minerals (WRM-T) has raised the funds needed to buy the Peaks gold mine in Australia and a quarter-stake in the Bajo de la Alumbrera copper-gold mine in Argentina.In January, Wheaton agr…
AngloGold eyes Candente ground
Nine of the properties, covering 16.1 km in southern Peru, are considered prospective for high-sulphidation gold targets.One of the southern Peru properties, dubbed Millo, is held jointly with fellow …
Kirkland suspends Macassa (March 10, 2003)
The failure of a pillar between an ore pass and shaft 3 has forced Kirkland Lake Gold (KGI-V) to suspend production at the Macassa mine, west of Kirkland Lake, Ont.A seismic event caused damage to a 6…