LME Warehouse Levels (December 01, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 24 (change from Nov. 17 in brackets):MetalStock(tonnes)ChangeAluminium1393200(+8…
Articles by Northern Miner Staff
Rio Narcea’s earnings trimmed
A stronger euro pushed operating expenses higher and ate into the earnings of Rio Narcea Gold Mines (RNG-T) during the 3-month period ended Sept. 30.Still, the company ended on the plus side with net …
Exchange Rates (December 01, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 25Nov. 24Nov. 21Nov. 20Nov. 19US$ in C$…
Canadian Stock Exchange Indices (December 01, 2003)
DateNov. 25Nov. 24Nov. 21Nov. 20Nov. 19HighLowTSX Composite7822.34…
Barclays, CIBC to arrange Ona-Puma financing
Vancouver — Canico Resource (CNI-T) has appointed Barclays Capital and CIBC to arrange financing for its Ona-Puma nickel laterite project in Brazil’s Para state.Barclays and CIBC will set about secu…
Randgold looks at Loulo
Putting its unsuccessful bid for Ashanti Goldfields behind it, South African-based Randgold Resources says it is close to making a development decision on its promising high-grade Loulo gold prospect …
Gold sparks on Barrick news
Buyers overtook sellers over the Nov. 19-25 report period, pushing the Toronto Stock Exchange composite index up 84.95 points to a close of 7,822.34.Gold producers were not so lucky, as physical price…
Appalaches trenches Turcotte
Trenching by Appalaches Resources (APP-V) on the Mont-de-l’Aigle property, in Quebec’s Gasp Peninsula, has exposed the recently discovered Turcotte showing for more than 100 metres while doubling the…
Suits could cripple Indonesia (December 01, 2003)
Potential lawsuits by 22 mining companies, including Freeport-McMoRan Copper & Gold and Inco, against the Indonesian government could reach a staggering US$31.5 billion, according to a government spok…
Editorial: Piling on Black
Some of us have noticed that there are, indeed, more than a few “weedy and not-very-bright leftists” writing for Canadian newspapers. Some of us have run across “arrogant and abrasive youngsters who s…
Fox wins prospector award from BC Chamber
Peter Fox, who discovered the QR gold mine near Quesnel, B.C., will be presented with the British Columbia Chamber of Mines’ H.H. “Spud” Huestis Award, honouring excellence in prospecting.The award wi…
Goldcorp eyes Sidace Lake extension
Vancouver — Drilling success at Planet Exploration’s (PXI-V) Sidace Lake property has prompted Goldcorp (G-T) to pick up a majority stake in two more properties in Ontario’s Red Lake camp.The low-cos…