Newmont ups ante as AngloGold stands pat
Determined to win a bidding war with AngloGold (AU-N), Newmont Mining (NEM-N) has raised its offer for Normandy Mining (NDY-T) as an insurance measure.In mid-November, Newmont triggered the…
News
Barrick drops Goodpaster
Vancouver — Disappointing drill results have prompted mining titan Barrick Gold (ABX-T) to stop work on the California and Surf properties in the Goodpaster district of Alaska.The properties are adja…
Battle brewing over control of Valerie Gold
Vancouver — As was the case with many junior explorers, 1996 was a stellar year for Valerie Gold (VLG-V). With $20 million in the kitty and with the drill rig set to turn on the prospective Mamatla m…
Rio Narcea trims board (January 14, 2002)
An investment group has purchased 12.8 million shares of Rio Narcea Gold Mines (RNG-T) to nab a 19.8% equity stake in the company. The group includes Chairman Chris von Christierson.The shares, purcha…
Troymin enters Otish Mountains fray
Calgary-based junior Troymin Resources (TYR-V) has applied for mineral claims covering 200 sq. km in the Otish Mountains diamond area play in Quebec.Pending approval by the provincial government, thes…
Olympus Pacific reports bonanza gold grades
Vancouver — Olympus Pacific Minerals (OYM-V) has found an area of high-grade gold mineralization on its Phuoc Son property in central Vietnam.The discovery occurred 7 km northwest of the Bai Go and B…
Falling rand raises concerns
A statistic of more than passing interest to the mining industry is that in 2000, 80% of emerging markets had net outflows of equity capital; by comparison, in 1996, when all seemed rosy, 90% of them …
News – 14-JAN-02
Support for proposed securities law
The Prospectors and Developers Association of Canada (PDAC) has joined a coalition that is supporting the Canadian Securities Administrators’ (CSA’s) proposed National Instrument 54-101 (NI 54-101), a…
Israel looks to improve diamond exports
A diamond is still a girl’s best friend, but if the Israel Diamond Institute (IDI) has its way, women everywhere will have even more “best friends” by the end of this year.”Israel’s diamond industry i…
NAME CHANGES (January 14, 2002)
Antarex Metals (AXT-V) has changed its name to International Antarex Metals (IXT-V) on a 1-new-for-5-old-share basis.Britannia Minerals (BM-V) has changed its name to Nanotek…
PEOPLE (January 14, 2002)
Ayrex — James Evaskevich appointed president and director; Robert Pearson and Gordon Bowerman appointed vice-presidents and directors.Boliden — Ruben Ornstein appointed CFO and Marianne Lindholm app…