Omolon strikes debt deal
Kinross Gold’s (K-T) 54.7%-owned Russian subsidiary, Omolon Gold Mining, has inked a deal with the Magadan administ…
News
Placer extends AurionGold offer (October 16, 2002)
Vancouver — With AurionGold now recommending that shareholders accept Placer Dome’s (PDG-T) $1.2 billion takeover…
Trading Summary (October 15, 2002)
Toronto’s gold index, suffering from a US$5.10-per-oz. drop by gold to US$312.40 per oz. in New York, dropped 3.74…
Placer prevails as AurionGold caves in (October 15, 2002)
Vancouver — It may have taken five long months but Placer Dome (PDG-T) has finally won over AurionGold’s managemen…
LionOre gets the nod down under
In a more cordial Australian takeover story, LionOre Australia (Nickel) independent director, Chris Baker, is advis…
IFC drops Rosia Montana
Facing pressure from environmental groups and non-governmental organizations, International Finance Corp., the Worl…
Rio Tinto wins employment award in Australia
Rio Tinto has won the Australian government’s Outstanding Organization award for providing jobs to Aboriginals Down Under.At the awards ceremony in Canberra, Employment Minister Tony Abbott said the L…
Mindoro begins drilling
Vancouver — Mindoro Resources (MIO-V) has launched a 1,100-metre drill program at the Valderam a zone, part of its Pan de Azucar copper-gold project in the Philippines.Last year, in partnership with …
TSE Short Positions (October 14, 2002)
Short positions outstanding at September 30, 2002Larger individual positions includeAber Diamond 266,148 up 166,101; Agnico-Eagle 5,281,468 down 638,517; Alcan 807,019 down 297,537;…
Daily Metal Prices (October 14, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 8Oct. 7Oct. 4Oct. 3Oct. 2Al Alloy1210/1210…
Wolfden, First Au eye Argosy
Vancouver — Partners Wolfden Resources (YWO-V) and First Au Strategies (FAV-V) are preparing to drill-test the once-productive Casummit gold property in the Red Lake mining camp of northern Ontario.T…
PEOPLE (October 14, 2002)
Alcan — William Loomis Jr. appointed director.Anglo American — David Hathorn, Andrew Thompson and Simon Thompson appointed directors.Crew Development — Wolf Seidler appointed COO.