Barrick exercises Tan Range warrants
By way of private placement, Barrick Gold (ABX-T) has acquired 740,741 shares of Tan Range Exploration (TNX-V), whose main asset is the Itetemia project in the Lake Victoria gold district of western T…
2001
Quebec business elite salute Noranda Magnesium
Quebec’s business community has singled out Noranda’s Magnola metallurgical plant, in Asbestos, for its contribution to the provincial economy.The plant is operated by Noranda Magnesium, a representat…
Producer and Dealer Prices (June 25, 2001)
Antimony: Mid-mkt US$1,125/t.Bismuth: Mid-mkt US$3.78/lb.Cadmium: Mid-mkt US$0.28/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$10.15-12.75/lb.Copper: Comex May US$0.716/lb.Indium: Ind…
Mine show digs for funding
The Great Canadian Mine Show is in need of additional funding.Since its launch in March at the Toronto convention of the Prospectors & Developers Association of Canada, the show has made stops in the …
Weda Bay advances Halmahera (June 25, 2001)
Vancouver-based Weda Bay Minerals (WDA-T) has tabled a positive prefeasibility study at its laterite nickel-cobalt deposits on the Indonesian island of Halmahera.The study, completed by Kvaerner Proce…
Inco to work on dry laterite at Goro
Dry nickel laterites, which once represented the future of nickel, have been writing their own checkered history over the past three years. Hyped as a revolution in nickel production, they have turned…
Australia top destination for exploration spending
Australia attracted 17.3% of global exploration funding last year, more than any other country in the world, though spending fell 19% to A$676.3 million from the previous year. Gold was the main targe…
Wawa area yields more stones
Diamond exploration in the Wawa area of Ontario has turned up the largest stone yet recovered from one project, while leading to several new discoveries at another.At the GQ property, Band-Ore Resourc…
Voisey’s Bay talks back on track
Some of the faces have changed, but Inco (N-T) and the government of Newfoundland are back at the negotiating table, trying to drum up a deal for development of the long-stalled Voisey’s Bay nickel-co…
MOST ACTIVE ISSUES, JUNE 13-19
ExchgVol(000s)HighLowCloseChangeAlcoa*N 18260 41.38 37.20 37.60 – 2.90…
Palabora prepares for long strike
Denver — Palabora Mining is settling into what could be a long strike, after negotiations failed to reach an agreement over a 3-week walkout at the Palabora copper mine in South Africa.The company, a…
CDNX starts summer selloff
Vancouver — Canada’s junior exchange lost ground on all fronts over the report period ended June 19. The Canadian Venture Exchange composite index slumped 68.49 points, or 2%, to close at 3,275.90. T…