Daily Metal Prices (October 28, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 22Oct. 21Oct. 18Oct. 17Oct. 16Al Alloy1250/126…
2002
Aredor kimberlites reveal more stones (October 28, 2002)
Partners Rio Tinto (RTP-N) and Trivalence Mining (TMI-V) have recovered more diamonds from the Aredor concession in Ghana.Rio, which operates the project, recently sank eight holes into a promising g…
Junior market ends bearish slide
Vancouver — Canada’s junior exchange managed to find a few points while the major bourses rallied over the week ended Oct. 22. The S&P TSX Venture Exchange composite index tacked on 2.33 points, or 0…
OM whacked by UN report
Shares in Cleveland-based cobalt refiner OM Group crashed to a three-and-a-half-year low during the report period following its mention in a UN Security Council report on illegal mining activity in th…
NAME CHANGES (October 28, 2002)
Verdstone Gold (VGC-V) has changed its name to Goldrea Resources (GOR-V) on a 1-new-for-10-old-share basis.Maya Gold (MAY-V) has changed its name to Centram Exploration (CAN-V) on a 1-new-for-5-old-sh…
Noranda inks Hemlo deal
Noranda’s exploration company has signed an agreement with Goliath Gold Mines and Golden Sceptre Resources that will likely result in a producing Hemlo area mine within two years.The deal, which gives…
MOST ACTIVE ISSUES, OCTOBER 16-22
ExchgVol(000s)HighLowCloseChangeKinross GoldT191442.942.452.58-0.21…
Aurogin aims to advance Nova Scotia bulk-tonnage prospect
With a new president at the helm, Aurogin Resources (AUQ-V) has picked up an option on a potential open-pit gold project in the Moose River area of central Nova Scotia.The appointment of John Paterson…
Fording morphs to foil takeover
Rather than submit to a $1.5-billion takeover bid by the Sherritt Coal Partnership II or attempt to lure competing bids, Fording (FDG-T) has announced plans to reorganize itself into an income trust.O…
Canico proves up Brazilian target
Vancouver — Initial results from an ongoing 11,000-metre drill program have enhanced the economic potential of the Ona-Puma nickel laterite project in northern Brazil.Canico Resource (CNI-V) tabled …
Correction (October 28, 2002)
Our story “Friedland leading the charge in the land of Genghis Khan” (T.N.M., Sept. 23/02) incorrectly stated that QGX (QGX-V) held a 10% carried interest in the Turquoise Ridges (Ovoot) and Shuteen p…
