Namco records record production
Marine diamond miner Namibian Minerals (NMR-T) produced a record 117,050 carats of diamond during the recent third…
2002
Noranda dismounts Caballo Blanco (October 07, 2002)
Noranda (NRD-T) has dropped its option to earn a 75% stake in Almaden Minerals’ (AMM-T) Caballo Blanco property in eastern Mexico, near Veracruz.To earn its interest, the major had agreed to complete …
Afri-Can tops up Block J stake (October 07, 2002)
With a final payment of $125,000 to its Australian partner, Woduna Mining Holding, Afri-Can Marine Minerals (AFA-V) has boosted to 70% its interest in the Block J marine diamond concession, 105 km nor…
Reed to speak at Ontario Club
Geophysical consultant Laurie Reed will discuss the Selbaie mine at a meeting of the Toronto Geological Discussion Group Oct. 22 at the Ontario Club in Toronto.The mine, situated near Villebois in nor…
LME Warehouse Levels (October 07, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 1 (change from Sept. 24 in brackets):MetalStock (tonnes)ChangeAluminium1290050(-…
Porgera’s problems persist
Placer Dome (PDG-T) expects its half-interest in the Porgera mine in Papua New Guinea to generate a third-quarter loss of US$7 million, owing to power interruptions.Vandals have damaged more power pol…
Royal Gold expands royalty stable Eveolution
Denver-based royalty company Royal Gold (RGL-T) has agreed to take a 93% interest in High Desert Mineral Resources (HDR-V) in return for 1.4 million of its own shares or US$24 million in cash, or a ca…
Local group wins fight against Cogema
A small group consisting of Mennonites and members of First Nations has won its battle to nullify the operating licence of Cogema Resources’ McClean Lake uranium mine in northern Saskatchewan. The fut…
GREATEST VALUE TRADED, SEPT. 25-OCT. 1
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N55367429.2526.3926.88-2.56…
De Beers boosts stake in partner
By exercising 984,000 share purchase warrants at 80 apiece, De Beers Canada Exploration has increased to 6.4% its interest in Mountain Province Diamonds (MPV-T).De Beers acquired the warrants when, i…
Canadian Stock Exchange Indices (October 07, 2002)
DateOct. 1Sept. 30Sept. 27Sept. 26Sept. 25HighLowTSX Composite6218.616180.426111.116179.426165…
Tichegami yields one stone
A second kimberlitic find on the Tichegami property in the Otish Mountains region of Quebec has returned only one microdiamond from 23.1 kg of tested material. The project is shared by Pure Gold Miner…