Rockwell unravels Pedra Branca puzzle
Fortaleza, Brazil — Some 250 km southwest of this busy port city, structural deformation has transformed one of the world’s largest layered mafic intrusive complexes into a geological puzzle, which, …
Rio Tinto plc
Market catches gold fever
Denver — The Dow Jones industrial average surged again after a brief respite, climbing 384.27 points, or 3.5%, to 11,257.24, its highest point in 15 months. The Nasdaq hit 2313.85.Spot gold on the Ne…
Ashton Canada put on block
Rio Tinto (RTP-N) is selling its 65.9% stake in Ashton Mining of Canada (ACA-T).The London-based major acquired the controlling block in the Canadian diamond explorer through the US$418-million takeov…
Market rally gathers steam
Denver — The Dow Jones industrial average chugged ahead, gaining 444 points, or 4.2%, in the April 25-May 1 report period to close at 10,898.34, its highest point since mid-February.Most issues were …
Final bells ring on takeovers
Sherritt International (S-T) and the Labrador Iron Ore Royalty Income Fund (LIF.UN-T) emerged victorious in the industry’s two most recent takeover battles.Sherritt and its partner, the Ontario Teache…
Rate cut propels market rally
Denver — The Dow Jones industrial average continued climbing after the U.S. Federal Reserve announced a surprise interest rate cut of 0.5%. The market finished the April 18-24 report period up 237.61…
Western Copper goes it alone
Vancouver — Western Copper Holding’s (WTC-T) joint-venture partner, Lima, Peru-based Mauricio Hochschild & Cia, has dropped its option to earn a 68% interest in the Penasquito silver-lead-zinc proper…
Outokumpu buys Norzink smelter
Denver — Boliden (BOL-T) and Rio Tinto (RTP-N) have completed the US$180-million sale of the Norzink smelter and refinery complex to Finnish giant Outokumpu. The operation is in southwestern N…
Kennecott expands Rocky Island JV
Results from regional and follow-up till sampling on the Rocky Island Lake joint venture in north-central Ontario have prompted Kennecott Canada Exploration to stake more than 400 sq. km of additional…
Corriente intensifies search in Ecuador
Vancouver — Over the past year, Corriente Resources (CTQ-T) and its partner, American geologist David Lowell, have completed 15,000 metres drilling on four properties in the Corriente copper belt in …
NEWS ROUNDUP (April 23, 2001)
GeoNova gains Bachelor Lake mineUnder the terms of a previously announced agreement, GeoNova Explorations (GNE-M) has acquired the Bachelor Lake gold-mining complex and related assets in northwestern …
Drilling begins at Paul Isnard
Partners Rio Tinto (RTP-N) and Guyanor Resources (GRL.B-T) have begun exploration at the latter’s Paul Isnard gold project in French Guiana.The US$750,000 program is being funded by Guyanor Resources…