RJK, Greater Lenora uncover showing
After several years of searching for the source of high-grade polymetallic boulders, partners RJK Explorations (RJX-V) and Greater Lenora Resources (GEN-T) have uncovered a new massive sulphide occurr…
2001
Namco creditors approve restructuring (July 23, 2001)
Creditors of Namibian Minerals (NMR-T) have approved a plan of arrangement that will bring the company’s subsidiaries out of provisional liquidation, leaving it to the South African courts to give fin…
Kimberlite float found at Star
A sub-surface layer of till containing kimberlite float boulders has been uncovered by Ashton Mining of Canada (ACA-T) at the Star joint-venture property in the Northwest Territories.The junior diamon…
Ghana ponders dropping Ashanti’s “golden share”
Denver — Ghana’s Mining Commission has recommended that the government reduce its involvement in the gold industry, by scrapping state participation in mining operations and dropping its “golden shar…
Chinese antimony exports down: report
A new report says official Chinese exports of antimony fell by 67% year-on-year in the first four months of 2001.The Economics of Antimony 2001 (9th edition), compiled by London-based Roskill Informat…
Canadian Stock Exchange Indices (July 23, 2001)
DateJuly 17July 16July 13July 12July 11HighLowTSE 3007694.137643.687765.637670.827570.7…
Cancor picks up Joutel
Montreal-based Cancor Mines (KCR-M) has taken up an option from Quebec Crown corporation Soquem, allowing it to earn a half-interest in the Kistabiche base metal property near Joutel, Que.The 17-sq.-k…
Philex results fail to impress
Vancouver — Despite having all the earmarks of a significant find at its Boyongan copper-gold prospect on the island of Mindanao in the Philippines, shares of Philex Gold (PGI-V) headed lower followi…
Semafo reduces resource
A re-evaluation of the resource at the Segala gold deposit in western Mali, by owner Semafo (SMF-T), has produced an estimate that is smaller but higher-grade than previous figures.The new estimate sh…
Alcoa earnings soar
Denver — Despite lower prices for alumina and aluminum ingots, a weak automotive sector and production cuts, Alcoa (AA-N) posted a record US$429 million (49 per share) in second-quarter profits, bef…
Cameco closes debentures sale (July 23, 2001)
Cameco (CCO-T), the world’s largest uranium supplier, has completed the sale of $50 million worth of Series B 7% debentures, which are due July 6, 2006.The debentures have received a rating of A (low)…
Golden Star granted licence
Denver — Ghana’s Ministry of Lands, Forests and Mines has granted a mining lease to Golden Star Resources (GSC-T) for the Prestea property.The Denver-based junior has the right to mine surface minera…