JML to test Marten River
JML Resources (JJJ-V) is preparing for a drill program at its diamond project in northern Ontario.Based on more than 1,800 till samples and the results of a helicopter-borne geophysical survey, JML in…
News
Northern Miner Indices (August 19, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T23.2%CamecoCCO-T3.2%FalconbridgeFL-T5.2%Freeport BFCX.B-N5.8%GoldcorpG-T4.2%IncoN-T9.2%Meridian GoldMNG-T2.8%Newmont MiningNE…
Exchange Rates (August 19, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAugust 13August 12August 9August 8August 7US$ in C$1.56581.57401.5723…
The Northern Miner — Small Producers Index (August 19, 2002)
73.71 (+2.34)(Sept. 30/98 = 100)…
SouthernEra expands presence in Bushveld
SouthernEra Resources (SUF-T) and its South African-based partner, Mvelaphanda Resources, are preparing to explore three platinum group metals properties in the Bushveld igneous complex.Dubbed Rooibok…
Knife fight heads to court
Unable to come to terms with the Canadian exploration division of De Beers over the signing of a joint-venture agreement concerning the Knife Lake project in Nunavut, Rhonda (RDM-V) has ended discussi…
Burton named new WGC chief
James Burton will replace Haruko Fukuda as chief executive officer of the London-based World Gold Council. Currently, Burton is CEO of the California Public Employees Retirement System.Burton took ove…
De Beers confirms commitment to Canada
Although its roots are in South Africa, De Beers believes the emphasis given to Canadian diamond exploration is fully justified. Last year, Canada accounted for 40% of the US$73 million the company sp…
Canadian Stock Exchange Indices (August 19, 2002)
DateAugust 13August 12August 9August 8August 7HighLowTSX Composite6528.986571.446645.926612.16…
Anglo American to pay for AIDS drugs
Anglo American says it will pay for antiretroviral drugs for employees suffering from HIV/AIDS.The program could cost as much as R16.8 million (US$1.6 million) in the first year. In addition to extend…
Partners cut more kimberlite at Tichegami (August 19, 2002)
Drilling by Pure Gold Minerals (PUG-T) has cut a second kimberlite body on the Tichegami project in Quebec’s Otish Mountains region.The discovery hole targeted a well-defined airborne and ground magne…
Lending Rates (August 19, 2002)
as of 4 pm ET, Aug. 13, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.73LIBOR US$ 6-month1.69LIBOR US$ 1-year1.74Gold lease 3-month0.28Gold leas…