Knight Resources cuts more nickel at West Raglan
Vancouver–Harvey Keats-led Knight Resources(KNP-V) has tabled more encouraging results from its West Raglan nickel…
2003
Barrick takes to Highland
Facing pressure from South Africa’s Reserve Bank to consolidate ownership or cut bait, Harmony Gold (HMY-N) has dea…
DRD nabs 20% of Porgera
South African-based Durban Roodepoort Deep (DROOY-Q) has agreed to acquire Australian-listed Oil Search Ltd.’s 20%…
Jilbey drills Taranga (October 14, 2003)
Drilling has begun at the Taranga gold permit in Burkina Faso, reports Jilbey Gold Exploration (JIB-V).The prop…
Springlake underground resumes
AfriOre (AFO-T) has resumed underground production at the Springlake anthracite mine, north of Dundee in Kwazulu Na…
Canadian Stock Exchange Indices (October 13, 2003)
DateOct. 6Oct. 3Oct. 2Oct. 1Sept. 30 High LowTSX Composite7562.87…
Metal traders run down gold
Gold bugs caught a chill in the first week of October: by the morning of Oct. 7, an ounce of the yellow metal was fetching US$376.20 in London markets, or US$8.30 less than a week earlier. Silver fare…
Newmont buys into Southwestern
Vancouver — Newmont Mining (NEM-N) will buy 450,000 shares of Southwestern Resources (SWG-T) at $15 per share for total proceeds of $6.75 million. Newmont has agreed, for 12 months, not to sell the s…
Inmet, Outokumpu rework share deal (October 13, 2003)
Finland’s Outokumpu has raised ;23 million by selling 4 million shares in Inmet Mining (INM-T).The shares were issued to Outokumpu as part of Inmet’s acquisition of the Pyhasalmi copper-zinc mine in F…
S Malartic samples Croinor
South Malartic Exploration (MSU-V) and Richmont Mines (RIC-T) have arranged a custom-milling agreement for a bulk sample from the former’s Croinor gold deposit, about 70 km east of Val d’Or, Que.South…
Afcan tops up till for TJS project
Junior Afcan Mining (AFK-V) has raised $9.4 million by privately placing 40 million units priced at 25 apiece.The units, consisting of a share and half a warrant, are subject to a 4-month hold period…
New Jackson bodies bear stones (October 13, 2003)
Sampling of three areas of frost boil on Twin Mining’s (TWG-T) recently discovered Jackson Inlet kimberlite bodies has proved fruitful.In all, three samples totalling 50.5 kg yielded 13 diamonds, with…