Newport gains Mantua option in Cuba
Newport Exploration (NWX-V) has an option to gain a half-interest in the Mantua copper project in Cuba from Northern Orion Explorations (NNO-T).To acquire its stake, Newport would take over Northern O…
News
Crystallex production falls in South America
Vancouver — Lower gold grades from its Venezuela operations hurt the bottom line of Crystallex International (KRY-T) in the second quarter of 2002.The junior posted a loss of $3.2 million (or 4 per …
Mongolia makes pitch to investors
Mongolia has introduced measures aimed at encouraging development of its mineral resources.The government will double its existing budget for geologically mapping the entire country at a scale of 1:20…
PDAC helps send books to Mongolia
The Prospectors & Developers Association of Canada has been helping deliver textbooks to a university in Mongolia in an attempt to set up a library for geology students.The books are part of a shipmen…
Crew tables Nalunaq feasibility
Vancouver — The feasibility study of the Nalunaq gold deposit in Greenland calls for initial offshore processing of ore, reports Crew Development (CRU-T).The study concludes that offshore processing …
Ontario geologists catch last bus
Additional registration applications in August have brought to 679 the number of Ontario geoscientists registered or applying for membership in the Association of Professional Geoscientists of Ontario…
Objectionable sustainability
Just before the close of the World Summit on Sustainable Development in Johannesburg, groups claiming to represent “civil society” withdrew from the summit and staged demonstrations against it.The sud…
Chalco to build smelter in Guangxi
Aluminium Corp. of China (Chalco) is considering building an alumina refinery in the Guangxi region of southeastern China. The state-owned metals-trading house Minmetals and the regional government wo…
Economic data fails to convince
While economic data remain mixed, economic developments over the past few months have prompted downgrades to metal price forecasts. The Access Economics Survey, which monitors analysts’ commodities es…
Bema options Salvadoran project
Vancouver — Bema Gold (BGO-T) has an option to earn up to a 75% interest in the high-grade Divisadero gold-silver property in El Salvador. The ground is held by Intrepid Minerals (IAU-V).Initially, B…
Alcan boosts Alouette stake (September 09, 2002)
Montreal-based Alcan has doubled to 40% its stake in the 243,000-tonne, low-cost Aluminerie Alouette smelter in Sept-Iles, Que.The company, which already had a 20% stake in the facility, acquired Coru…
Cancor eyes Turgeon project
Cancor Mines (KCR-T) has agreed to acquire Aur Resources’ (AUR-T) 49% stake in the Turgeon polymetallic project in Quebec.To acquire the stake, and attain full ownership, Cancor will issue 100,000 sha…