Southern Rio tops up treasury
Vancouver-based Southern Rio Resources (SNZ-V), which is in the midst of drilling at its Santo Tomas copper-molybdenum porphyry prospect in northern Chile, has closed a private placement of 2.7 millio…
News
Etruscan Resources picks up new African properties
West African explorer Etruscan Resources (EET-T) is expanding its presence in that region by acquiring properties in Mali and Ivory Coast.The Malian acquisition is the Djelimangara exploration permit …
Falconbridge buys Montcalm outright
AvestaPolarit, of Finland. – A revised deal between Falconbrige (FL-T) and Finnish miner Outokumpu gives the former a 100% interest in the Montcalm nickel-copper deposit, near Timmins, Ont.In 2000, Fa…
Metal Prices (June 04, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMay 29May 28May 25May 24May 23Aluminium1498/1516.50…
Exchange Rates (June 04, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 29May 28May 25May 24May 23US$ in C$1.53731.54531.54521.5473…
Mini-bulk sample completed at K252
Encouraged by mini-bulk sample results from kimberlite K252 in north-central Alberta, Ashton Mining of Canada (ACA-T) intends to undertake a preliminary economic analysis before proceeding with the co…
Kazakstan hosts conference
Canada, Australia and Finland head the list of countries expected to participate in KazMin & KazMet 2001, Kazakstan’s seventh conference on mining, exploration and related equipment.About 5,000 visito…
El Zapote drilling set to start in June
Vancouver — Partners Intrepid Minerals (iau-v) and Apex Silver Mines (sil-x) are gearing up for a 2,000-metre drill program targeting the Aldea El Zapote silver-zinc-lead property in El Salvador.”The…
Gold demand sets record
Worldwide demand for gold rose a record 5% between the first quarters of 2000 and 2001.The World Gold Council reports that demand for gold jewelry and personal investment in the world’s 27 leading gol…
More mines, fewer parks
The original idea of a national, state and provincial parks was to set aside an area of outstanding natural beauty and interest, such as Yellowstone National Park in Montana, to be managed and maintai…
Metals hang on to recent gains
During the report period May 21-25, the major metals traded on the London Metal Exchange (LME) held onto gains that had been made in the previous week. In terms of cash price performance, copper was t…
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