Cheviot coal mine to go ahead
After a long wrangle over permitting, Fording Canadian Coal Trust (FDG.UN-T) and partner Teck Cominco (TEK-T) have…
News
Trading Summary (March 15, 2004)
Toronto markets tanked on Monday, with the S&P-TSX Composite index falling 157.63 points to 8,434.41, a loss of 1.8…
South Africans bid for South Pacific exposure (March 15, 2004)
South African gold producers Harmony Gold (HMY-N) and Durban Roodepoort Deep (DROOY-Q) have both issued bids for Pa…
Anglo American finalizes deal for Man project
Vancouver — Anglo American Exploration, a wholly owned indirect subsidiary of Anglo American (AAUK-N) has complete…
The Northern Miner Indices (March 15, 2004)
North American Mining: 108.07 (-3.08)Small Producers: 128.76 (+5.73)(Sept. 30/98 = 100)…
Anvil keeps its promise in DRC
Kilwa, Democratic Republic of Congo — Green countryside, neatly thatched African huts, and the tranquil vastness of Lake Mweru converge in this sleepy town in the southwestern DRC. As our charter fli…
Editorial Cartoon (March 15, 2004)
Gold heads for fresh peak in first half
The rally in gold has become increasingly fuelled by the depreciating U.S. dollar, or, more accurately, is following the trend in the euro. However, it is important to note that this relationship is m…
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…
People (March 15, 2004)
Altius Minerals — Donald Warr appointed CFO; Brent Cook appointed to advisory board.Amera Resources — David Terry appointed VP of exploration.Apollo Gold — Melvyn “Mel” Williams appoin…