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…
News
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…
Producers rise on higher prices
The ongoing battle for Normandy Mining (ndy-t) took centre stage in eastern markets once again, with American producer Newmont Mining upping the ante at the start of the Jan. 2-8 report period.Newmont…
Breakwater boosts reserves (January 14, 2002)
An independent review of Breakwater Resources’s (BWR-T) El Mochito mine in Honduras and El Toqui mine in Chile has resulted in an increase in mineral reserves and resources.The review, which included …
Nanisivik claims second life in five months
A 46-year-old man, formerly of Hamilton, Ont., was killed in the early hours of New Year’s Day at the Nanisivik zinc-silver mine on the northern tip of Baffin Island, Nunavut.The man was operating a r…