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 …
News
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…
Lakota finds partner for Tanzanian property
Toronto-based Lakota Resources (LAK-V) has taken on a local partner to help it advance the Ikungu gold project in the prolific Lake Victoria district of Tanzania.The company recently signed an option/…
Ecstall tests Okanagan targets
Ecstall Mining (EAM-V) will test the Vault and Dusty Mac gold-silver properties in the Okanagan district of British Columbia.The Vancouver-based junior has retained geologist Peter Read to examine the…
Sulliden boosts resource at Shahuindo
Montreal-based Sulliden Exploration (SUE-V) has released a new resource calculation for the Shahuindo gold-silver property in the Cajamarca region of northern Peru.In preparing the calculation, Met-Ch…
Gold Fields closes SA deal
A black empowerment company now controls a 15% beneficial interest in the South African gold mining assets of Gold Fields (GFI-N).Shareholders of Gold Fields and Mvelaphanda Resources (Mvela) voted ov…
ValGold hits high grade at Tower Mountain (March 15, 2004)
Drilling by ValGold Resources (VAL-T) has returned high-grade intersections from the Tower Mountain gold project, near Thunder Bay, Ont.VanGold reported results from three of 10 holes completed in the…
Denison shareholders OK fission
Shareholders have voted in favour of a plan of arrangement that would see Denison Energy (DEN-T) split into three separate companies engaged in mining, hydrocarbons, and oilfield services.The proposed…
Producer and Dealer Prices (March 15, 2004)
Antimony: Mid-mkt US$2,840/t.Bismuth: Mid-mkt US$3.15/lb.Cadmium: Mid-mkt US$0.55/lb.Cobalt: Recent trades US$27-28/lb.Copper: Comex Mar. US$1.272/lb.Indium: Indium Corp., ingot, US$485/kg.Iridium: Mi…
LME Warehouse Levels (March 15, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 9 (change from March 2 in brackets):MetalStock(tonnes)ChangeAluminium1366225(-2…