Harmony grabs Jipangu’s High River stake
Harmony Gold Mining (HGMCY-Q), South Africa’s third-largest producer of the yellow metal, has agreed to acquire more than 17 million shares of Toronto-based High River Gold Mines (HRG-T) from Jipangu,…
2002
Nevada Star tables results from MAN
Vancouver — Nevada Star Resource (NEV-V) reports encouraging results from surface sampling at its MAN nickel/copper/platinum-group-element project in Alaska.The project comprises both a 311-sq.-km pr…
Atlas Copco combines divisions
Atlas Copco will fold its drill rig and loader/truck businesses into one division by transferring production of the latter from Portland, Ore., to its Rock Excavation Technology Center in Sweden.The t…
Platinum in high demand
Demand for platinum is forecast to climb by 2.9% to 6.4 million oz. in 2002, according to an interim review of platinum-group-metal markets published by London-based Johnson Matthey.Chinese purchases …
Seahorse douses GGL’s hopes
The discovery of multiple kimberlites by GGL Diamond (GGL-V) on its Seahorse property in the Lac de Gras area of the Northwest Territories has proved barren of diamonds.A cluster of three irregular in…
Virginia active in James Bay area (November 18, 2002)
Equal partners Virginia Gold Mines (VIA-T) and TGW Corp. (GWC-V) report that initial results from a 19-hole drilling campaign on the Poste Lemoyne gold project in northwestern Quebec have extended the…
Fording courts suitors to thwart Sherritt takeover
The Toronto Stock Exchange Composite Index slipped 70.37 points to end the Nov. 6-12 report period at 6,329.27.The TSE’s gold index was up 5.39 points, partly on the back of a US$5.70-gain in the pric…
Bulls beat bears on Venture exchange
Vancouver — Canada’s junior exchange was in a bullish mood over the report period ended Nov. 12. The S&P-TSX Venture Exchange composite index gained 22.18 points, or 2.37%, to finish the week at 955….
Edgar Pye
Edgar Pye, who formed the Ontario Geological Survey in 1972, has died.A geology graduate of the University of Toronto, Pye began his career in 1948, mapping iron formations in Ashmore and Errington tw…
PEOPLE (November 18, 2002)
Almos Gold — Chester Millar, John McCluskey, Steve Stine, James McDonald and Richard Hughes appointed directors.
GREATEST VALUE TRADED, NOV. 6-12
ExchgVal($000s)HighLowCloseChangePlacer DomeT62150317.0015.1715.62+0.12…
Daily Metal Prices (November 18, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 12Nov. 11Nov. 8Nov. 7Nov. 6Al Alloy1296/1301…