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…
2001
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…
Another bummer for nickel, copper
Base metals suffered their third consecutive week of across-the-board declines during the report period June 11-15 as recent price support came under renewed attack. Nickel and copper were the hardest…
Crew aids Asia Pacific
Potash explorer Asia Pacific Resources (APQ-T) has raised $3.1 million by privately placing 5.6 million units. Crew Development (CRU-T) subscribed to 4 million of the units to increase its interest in…
Summertime, and the gold bugs are biting
The onset of summer and the recent spike in gold prices are making some brokerage firms more optimistic that a U.S.-led economic recovery could lead to improved demand fundamentals for jewelry and, co…
Tri Origin explores Kazan
Junior Tri Origin (TOE-V) has completed a private placement with Britain’s Billiton.The major bought 800,000 units at 25 apiece and exercised 274,511 Series G warrants it acquired through its takeove…