Obituary: Richard Geren
Richard Geren, largely responsible for the development of the iron ore industry in the Schefferville region of Quebec in the 1950s, has died. He was 85.After graduating from Ohio State University with…
2002
Japan considers coal import tax
Japan, one of the world’s largest coal importers, is proposing a tax on coal imports designed to encourage the country’s steel industry and power utilities to move towards “greener” fuels such as natu…
Glencairn doubles cash
Junior Glencairn Explorations (GLJ-V) has added $2.4 million to its coffers by privately placing 4.8 million units at 50 apiece.A unit consists of one share and half a share purchase warrant, with a …
War Eagle grabs Pike gold project
Vancouver — War Eagle Mining (WEM-V) has inked a deal with Strategic Metals to earn a 70% interest in the Pike Mineral gold property in the Yukon.In exchange for the interest, War Eagle must issue 15…
Record output lifts Rio Narcea
Rio Narcea Gold Mines (RNG-T) produced a record 61,674 oz. gold at its El Valle mine in Spain during the three months ended June 30, as it mined higher grades in the Charnela zone.Cash costs rang in a…
Pan Am, Corner Bay merger goes ahead
Pan American Silver (PAA-T) shareholders have voted overwhelmingly in favour of the company’s proposed merger with Corner Bay Silver (BAY-T).Under a revised deal, each Corner Bay share will be convert…
Semafo extends Wona (September 16, 2002)
Reverse circulation drilling by Montreal-based Semafo (SMF-T) has extended the Wona zone, on its Mana gold property in Burkina Faso, West Africa, another 400 metres to the northeast.During July, Semaf…
Hecla gets El Callao deal
After nearly a half year of negotiations, Hecla Mining (HL-N) and Venezuelan state enterprise Corporacion Venezolana de Guayana (CVG) have finalized their leasing agreement on Block B in Venezuela’s v…
Trading Summary (September 13, 2002)
The Toronto Stock Exchange ended the week with a 21.71-point loss coming in at 6,495.26 points on Friday. The energ…
Manhattan tables Tambo Grande plan
Manhatten Minerals (MAN-T) has released results of an independent feasibility study on its Tambo Grande property in…
Magistral nears production (September 13, 2002)
With about 20,000 tonnes of crushed ore stacked on the leach pad, equal partners Queenstake Resources (QRL-T) and p…
Queenston cuts new gold at Kirkland Lake
Two of the first three holes in Queenston Mining’s (QMI-T) 22-hole, 12,000-metre diamond drilling program have cut…