Anglo Platinum in at River Valley
South African-based Anglo American Platinum, the world’s largest platinum producer, has formally earned a half-inte…
2002
Channel deals Burkina Faso options
Channel Resources (CHU-T) has granted Axmin, a privately held exploration company, an exclusive 90-day option to ac…
Taseko closes financing
Vancouver — A limited partnership that Taseko Mines (TKO-V) has an exclusive right to acquire has raised $1.85 mil…
Dayton-Pac Rim merger targets El Dorado (January 14, 2002)
With an eye on advancing the El Dorado gold-silver project in El Salvador, Dayton Mining (DAY-T) and Pacific Rim Mining (PFG-T) have proposed an all-stock merger.Pacific Rim President Catherine McLeod…
LME Warehouse Levels (January 14, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 8/02 (change from Dec. 31/01 in brackets):MetalStock (tonnes)ChangeAluminium823850…
Tulawaka funding secured (January 14, 2002)
Minires du Nord (MDN-T) has secured a US$4-million loan facility arranged by RMB Resources, a South African-based financial institution.The money will more than cover MDN’s funding requirements for 2…
Metal Prices spur market rally
Stronger base metal prices over the Jan. 2-8 report period translated into a broad-based rally among the U.S.-listed base metal producers.BHP Billiton rose 89 to US$11.60; Phelps Dodge jumped $1.32 t…
Barrick drops Goodpaster
Vancouver — Disappointing drill results have prompted mining titan Barrick Gold (ABX-T) to stop work on the California and Surf properties in the Goodpaster district of Alaska.The properties are adja…
Producers rise on higher prices
The ongoing battle for Normandy Mining (ndy-t) took centre stage in eastern markets once again, with American producer Newmont Mining upping the ante at the start of the Jan. 2-8 report period.Newmont…
Northern Miner Indices (January 14, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningFN-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mining…
Eur. Goldfields raises funds
European Goldfields (EGU-V) has completed a non-brokered private placement of 1.5 million shares priced at $3.10 apiece.The company intends to use the $4.6 million in gross proceeds to fund exploratio…
The Northern Miner — Small Producers Index (January 14, 2002)
50.70 (+ 1.47)(Sept. 30/98 = 100)…