Ivanhoe expands Mongolian portfolio
Preliminary exploration results have prompted Ivanhoe Mines (IVN-T) to acquire four more copper-gold properties in Mongolia.The properties are in the mineral belt that hosts the Turquoise Hill porphyr…
News
Analysts rethink growth expectations
The flagship commodities of the London Metals Exchange (LME) performed poorly Oct. 8-12, with copper and aluminum shedding 0.6% and 1.6%, respectively, of their average cash price value. Elsewhere, ho…
CR cuts massive sulphides
Canadian Royalties (CZZ-V) has uncovered impressive base and precious metal values in the South Raglan trend in northern Quebec.Hole 4, drilled at the wholly owned Phoenix property in the Ungava Penin…
LME Warehouse Levels (October 22, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 16/01 (change from Oct. 9 in brackets):MetalStock (tonnes)ChangeAluminium725650(…
AfriOre scores profitable half
Metal-explorer-turned-coal-miner AfriOre (AFO-V) turned a small profit in the first half of its fiscal year, reflecting a strong operating performance at its 50%-owned Springlake colliery in South Afr…
Gold slips back to low US$280s
The downward trend in gold prices that began after the U.S. started bombing Afghanistan continued through the Oct. 10-16 report period, with the yellow metal falling US$4.85 to fix at US$281.65 per oz…
Gold on fertile ground
Gold’s high density, among other characteristics, renders it useful in many types of clinical tests. Now, a British company has devised an at-home male fertility test that relies on these characterist…
Northgate eyes expansion at Kemess North
Smithers, B.C. — After streamlining operations at Kemess South, 250 km north of here, Northgate Explorations (NGX-T) has turned its attention to expanding resources at the Kemess North project, 5.5 k…
Poling to talk waste management
Vancouver — George Poling, Sr., vice-president of Rescan Environmental Services, will deliver a talk on waste management and closure at the Island polymetallic mine, situated on Vancouver Island, Bri…
Steel giant files for bankruptcy
Bethlehem Steel, the second-largest steel producer in the U.S., has filed for bankruptcy.The move is designed to stabilize its finances and develop a plan to return to profitability. In the meantime, …
Cornerstone to drill Princess
Cornerstone Capital Resources (CTP-V) is starting a 12-hole drill program on its Princess property on the Bonavista Peninsula in Newfoundland.Cornerstone will be drilling targets outlined in earlier g…
Geomaque creditors take shares in lieu of cash
The financial restructuring of junior gold producer Geomaque Explorations (GEO-T) made significant progress as three trade creditors agreed to take shares in payment of debts.Geomaque’s principal lend…