Inca Pacific goes it alone at Magistral
As a result of paying US$2.1 million to a former partner, Inca Pacific Resources (IP-V) is now sole owner of the Magistral copper-molybdenum project in Ancash, Peru.The Vancouver-based junior intends …
2004
CVG approves Las Cristinas feasibility
Toronto-based Crystallex International (KRY-T) has moved a step closer to development of Las Cristinas, a large, low-grade gold project in Venezuela’s Bolivar state.The company’s local partner, Corpor…
Dubai to open gold bourse
A gold exchange will soon open in Dubai following the announcement of the first Arab diamond exchange as part of the United Arab Emirate’s “free zone” for gold, metals and commodities.The new diamond …
Spot Prices Tuesday, March 9, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$401.20+2.60Silver$6.92 +0.06Platinum$895.00+8.00…
Chile expected to impose royalty on miners
Chilean lawmakers have sent a bill to the country’s Congress that would see a 3% royalty imposed on mining operations. The move would put an extra US$300 million a year in the government purse.The bil…
Study recommends more drilling for Pan
A preliminary scoping study has provided Castleworth Ventures (WTH-V) with a blueprint for continued advancement of its Pan gold project in Nevada’s White Pine Cty.President John Watson says the compa…
Washington deal extended
The period ended March 9 was punctuated by the European central banks’ renewal of the Washington agreement on gold sales, which had been due to expire later this year.Twelve European central banks hav…
Rio Narcea to explore Salave
In a deal potentially valued at more than US$30 million, Rio Narcea Gold Mines (RNG-T) has acquired rights to develop the Salave deposit from mining promoter J. Patrick Sheridan.The gold project is in…
Consolidation in Australia
The Australian resources sector has undergone tremendous change over the past three or four years, and global consolidation has focused heavily on Australian names.The frenetic activity was due to sev…
Writedown spills red ink over Stillwater
A major writedown of mining assets has hampered the bottom line of Stillwater Mining (SWC-N), the largest primary producer of platinum group metals outside of South Africa.The company posted a net los…
Alcan wins award
Montreal-based Alcan has won an award in the category of Best Overall Company in the first edition of the International Business Awards.The honour comes just days after Fortune magazine named the alum…
St. Jude buys heap-leach plant for Goulagou-Rounga
Vancouver — Determined to exploit the oxide resources at its Goulagou-Rounga project in Burkina Faso, St. Jude Resources (SJD-V) has arranged to buy a heap-leach gold processing plant.The partly refu…