IMA gains ground in southern Argentina
Vancouver — IMA Exploration (IMR-V) has acquired the 127-sq.-km Victoria claim package, which is contiguous with the company’s Bayas property in southern Argentina’s Chubut province.The new property …
2002
Cameco buys Smith Ranch
Cameco (CCO-T), the world’s largest uranium supplier, just got bigger.The Saskatoon, Sask.-based company has agreed to buy the Smith Ranch in situ leach mine and various other ISL properties in Wyomin…
Golds still have legs: Allan
In a series of reports released in June, Research Capital mining analyst Barry Allan takes a look at the gold sector and concludes it still has room to move higher.First, he examines the relationship …
Micon finds alliances expand reach
Mineral industry consulting firm Micon International has found that non-exclusive alliances, such as the one it announced in late May with poject-management and technology firm Wardrop Engineering (T….
Syncrude’s Carter named MAC chairman
The Mining Association of Canada (MAC) has elected James Carter, president of Syncrude Canada, as its new chairman.The previous chairman was Guy Dufresne, chief executive officer of Quebec Cartier Min…
Deal reached at Noranda’s aluminum division
With more than 500 workers walking the picket lines at its Horne copper smelter in Rouyn-Noranda, Que., Noranda (nrd-t) has announced that employees at its aluminum primary products division voted 63%…
Forum addresses Chinese mining
Improving the investment climate and sustainable development in China will be among the topics addressed at China Mining 2002, a conference slated for Oct. 21-23 in Chongqing, in South Sichuan provinc…
Rubicon boosts Red Lake gold portfolio (July 01, 2002)
Vancouver — Junior Rubicon Minerals (RMX-V) has inked a deal with a two private companies to acquire the McFinley Mine gold project in the prolific Red Lake camp of northwestern Ontario.The company m…
Imperial launches drilling at Sterling (July 01, 2002)
Vancouver — Imperial Metals (III-V) has begun follow-up exploration drilling at the Sterling gold mine property in southwestern Nevada.The program is designed to test the extent and continuity of the…
Regional exploration turns up new prospects at Hope Bay
Cashed up after a $30-million financing, Miramar Mining (MAE-T) has found a number of new targets to use the money on after a regional exploration program on its Hope Bay project in Nunavut.The Hope B…
Lending Rates (July 01, 2002)
as of 4 pm ET, June 25, 2002(%)Bank of Canada2.75Canadian Prime4.25U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.87LIBOR US$ 6-month1.97LIBOR US$ 1-year2.34Gold lease 3-month0.32Gold leas…
Exchange Rates (July 01, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 25June 24June 21June 20June 19US$ in C$1.52171.51681.52301.5…