The Northern Miner Indices (August 09, 2004)
North American Mining: 101.29 (+1.97)…
News
NA Tungsten aims for Cantung re-start
Vancouver — With the aim of bringing its Cantung tungsten mine in the Yukon back into production,
Pine Valley starts coal mine in BC
Vancouver — Six years after receiving approval,
Dikulushi serves up deep grades in Congo
High-grade intersections encountered at the Dikulushi copper mine in the eastern Democratic Republic of Congo indicate the mineralized zone may extend to a depth of at least 300 metres.
Global demand rises for retail diamonds
The first half of 2004 saw buoyant diamond jewelry retail sales around the globe.
A royal row
Like most companies, those engaged in mining are in the business of making money, and as much as possible. It’s no surprise then that alarm bells sound when new royalties have to be paid. The bells are currently ringing in Peru and Chile.
Diamond strategy necessary
Canada’s first two diamond mines, Ekati and Diavik, are among the best in the world. In just six years, these exceptional mines have propelled Canada into third place in the world by value of rough diamond production.
Etruscan, Semafo rev up Samira Hill
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LME Warehouse Levels (August 09, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 3 (change from July 27 in brackets):…
Viceroy ties into more Gualcamayo gold (August 09, 2004)
Vancouver — Drilling at
Alcoa closes smelter, axes 400 jobs
Owing to a labour dispute, Alcoa will eliminate 400 jobs by not reopening a 183,000-tonne-per-year aluminum smelter in Wenatchee, Wash. The plant was idled in July 2001.
US gov’t receives coal bids
The U.S. Bureau of Land Management (BLM), part of the Department of the Interior, is receiving bids from eligible companies to mine about 325 million tons of coal on federal land in Wyoming.