News

Queenstake to proceed with production at Magistral

The Magistral gold project in northern Sinaloa state, Mexico, will be pouring gold by September following a positive production decision by operator Queenstake Resources (QRL-T) and its joint-venture …


Black Hawk to buy out Limon royalty

Black Hawk Mining (BHK-T) has made arrangements to buy out a 2% royalty on the El Limon gold mine in Nicaragua for $1.25 million. The deal, with royalty-holder Repadre Capital (RPD-T), will see Black …


World Bank to aid Konkola

The World Bank and the Zambian government are floating a proposal that could keep the Konkola copper mines from sinking. The plan would see funds earmarked for other Zambian development programs funne…


Bigger reserves at Niobec

Cambior (CBJ-T) and Mazarin (MAZ-T) have upgraded resources into reserves at their equally owned Niobec niobium mine in Quebec.Proven and probable reserves now total 18.2 million tonnes grading 0.68% …



Wildara gives LionOre something to roar about

A newly discovered high-grade sulphide zone at the Wildara property in Western Australia has partners LionOre Mining International (LIM-T) and Australian-listed Dalrymple Resources hopping with deligh…



Meridian eyes half-stake in Gold Hawk

Mid-tier producer Meridian Gold (MNG-T) has reached an agreement that could give it a controlling interest in Montreal-based junior Gold Hawk Resources (CGK-V).Under the proposed deal, Meridian would …


Omai’s performance improved in 2001

Despite being just a few years from the end of its operating life, Cambior’s (CBJ-T) Omai open-pit gold mine in Guyana managed to turn in a record performance during 2001.The operation achieved its hi…


LME Warehouse Levels (February 11, 2002)

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 5 (change from Jan. 29 in brackets):MetalStock (tonnes)ChangeAluminium865075(+15…




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