GFMS tables Russian report
Since emerging from its financial crisis in 1998, the Russian economy has improved significantly, which is reflected in its mining sector, according to a report from Gold Fields Mineral Services (GFMS…
2003
Editorial Cartoon (December 22, 2003)
What might have been
To almost nobody’s surprise, the past week saw another controversial mining development stalled. On Dec. 10, Minera de Centro del Peru (better known as Centromin) gave notice it was terminating the ag…
EPA seeks co-operation from Teck Cominco
The U.S. Environmental Protection Agency could proceed with legal action against Vancouver-based Teck Cominco over pollution of a river system that straddles the U.S.-Canada border.The EPA alleges tha…
Southern Star places new shares
Southern Star Resources (SSR-V) has issued more than 1 million flow-through shares to raise $525,000 in gross proceeds.The shares were issued as part of a private placement closed in late November. An…
New zone at Wassa
Denver-based Golden Star Resources (GSC-T) has discovered a new zone of gold mineralization at its Wassa property in Ghana, fueling hopes that it will expand the resource.Studies into the feasibility …
Limousine Butte drilling turns up gold
Vancouver — Nevada Pacific Gold (NPG-V) reports impressive assay results from the first two holes drilled on its wholly owned Limousine Butte project, in Nevada’s White Pine Cty.The initial holes in …
Stealth moves ahead at Toodoggone
Vancouver — Stealth Minerals (SML-V) is exploring its land position in the Toodoggone region of north-central British Columbia.In the past year, the junior made three discoveries in the Toodoggone re…
Alcan secures Pechiney
With Alcan’s (AL-T) 4-billion-euro takeover bid for France’s Pechiney expiring, the Canadian aluminum giant reports that, so far, 92.21% of the fully diluted shares have been tendered.The results are …
Northern Miner Indices (December 22, 2003)
CompanyTickerWeightBarrickABX-T17.1%CamecoCCO-T3.3%FalconbridgeFL-T5.0%Freeport McM BFCX-N8.2%GoldcorpG-T4.3%IncoN-T8.7%Kinross GoldK-T4.3%Newmont MiningNEM-N24.1%NorandaNRD-T5.0%P…
Eldorado tests prospects in Turkey
Preliminary drilling in the Biga Peninsula of western Turkey has returned mixed results for Eldorado Gold (ELD-T).The reverse-circulation (RC) program focused on two showings: Keditasi and Yatiktas. B…
Slam, Noranda to explore Bathurst camp
Junior Slam Exploration (SXL-V) is joining with Noranda (NRD-T) to explore for base metal deposits in the Bathurst camp of northern New Brunswick.Slam, which is based in Miramichi, N.B., will spend $2…