Cumberland looks to Canada’s Far North
Baker Lake, Nunavut — Convinced that its wholly owned Meadowbank gold project in the Canadian Arctic has the potential to deliver 250,000 oz. annually, Cumberland Resources (CBD-T) is spending $6.4 m…
2002
Aurion sheds stake in Zimbabwe platinum miner
Vancouver — Australian gold miner AurionGold has sold its 21% interest in Australian-listed Zimbabwe Platinum Mines (Zimplats) for A$35.3 million.Impala Platinum Holdings picked up the shares at A$1….
GREATEST VALUE TRADED, AUG. 28 – SEPT. 3
ExchgVal($000s)HighLowCloseChangeEcho Bay MinesT67111.661.431.65+0.17…
Alcan receives award
Alcan has won an award from the United Nations and the International Chamber of Commerce for excellence in sustainable development.The award was presented to the aluminum company’s International Micro…
PEOPLE (September 09, 2002)
BHP Billiton — David Munro appointed vp.Dofasco — Walter Bilenki appointed vp, finance; Joe Neri appointed president, powerlasers and Howard Woods appointed general manager, Dofasco USA.Mineral I…
Net-based software helps users make decisions
Perth, Australia-based Intierra has developed software that monitors the global resource industry.Subscribers will receive, via the Internet and in map form, information on Australian geoscience and f…
Placer cuts hedge book, extends Aurion offer
A day after deciding to reduce its hedge book, Placer Dome (PDG-T) extended its takeover offer for AurionGold, an Australian producer that is itself heavily hedged.By year-end, Placer expects to have …
Nelson sells Tajik assets
Having decided to focus on its oil and gas interests, Nelson Resources (NLG-T) is selling its 44% stake in the Jilau gold mine in Tajikistan.The buyer is London-listed Avocet Mining, which will give N…
Lending Rates (September 09, 2002)
As of 4 pm ET, Sept. 3, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.78LIBOR US$ 6-month1.75LIBOR US$ 1-year1.81Gold lease 3-month0.28Gold leas…
Ontario geologists catch last bus
Additional registration applications in August have brought to 679 the number of Ontario geoscientists registered or applying for membership in the Association of Professional Geoscientists of Ontario…
Bema options Salvadoran project
Vancouver — Bema Gold (BGO-T) has an option to earn up to a 75% interest in the high-grade Divisadero gold-silver property in El Salvador. The ground is held by Intrepid Minerals (IAU-V).Initially, B…
Dummett killed in road accident
Geologist Hugo T. Dummett, whose knowledge of diamond exploration made BHP Billiton (BHP-N) a major force in world diamond mining, has died. He was 62.Dummett was killed in a single-car accident on a …