Philippine gov’t seeks reversal
The government of the Philippines has requested that the country’s Supreme Court reverse its decision to curtail foreign investments in the mining sector.A court filing cited potential losses of more …
News
Margaret Kent eyes Carolin gold mine
She’s back.Together with long-time partner Ross Burns, former Royal Oak Mines CEO, Margaret “Peggy” Kent (formerly Witte) is looking to acquire the past-producing Carolin gold mine, near Hope, B.C.Alt…
Silver Standard revs up drills in Mexico (March 01, 2004)
Drilling has expanded the Cordon Colorado zone and uncovered a new deposit at La Pitarrilla, a silver project near Durango in west-central Mexico.Vancouver-based Silver Standard Resources (SSO-V) rece…
Coal mine becomes museum
A former mining colliery in Blaenavon, southeastern Wales, has reopened as a tourist attraction, nearly 20 years after a strike shut it down and following a 7.1-million (US$13.3-million) facelift.The…
AIDS affects growing number of South African miners
A survey shows that 18% of South African miners are infected with HIV-AIDS.The survey was conducted among workers at 26 South African mining and manufacturing companies, and 18 other companies based e…
Orvana in the black
Orvana Minerals (ORV-T) made a modest profit during the latest quarter of production at the Don Mario gold mine in eastern Bolivia.The mine entered production at the rate of 700 tonnes per day in July…
Gulf board pays fee to ousted president (March 01, 2004)
The board of Gulf International Minerals (GIM-T) plans to appoint a committee of independent directors to investigate a controversy involving its former president, Alastair Ralston-Saul.The company’s …
Hiccup at Bema’s Julietta mine
A warehouse fire has forced Bema Gold (BGO-T) to scale back mining and milling at the Julietta gold mine in Russia’s Far East.No one was hurt in the fire, which destroyed most of the operation’s spare…
De Beers, GGL confirm diamond-bearing nature of Doyle Sill
It took eight years, but De Beers Canada Exploration and GGL Diamond (GGL-V) finally returned to the Doyle Lake sill in 2003 after a federally appointed tribunal upheld an earlier 1996 decision awardi…
Spot Prices Tuesday, Feb. 24, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$401.45-12.45Silver$6.54 -0.10Platinum$858.00+1.00…
Producer and Dealer Prices (March 01, 2004)
Antimony: Mid-mkt US$2,700/t.Bismuth: Mid-mkt US$3.10/lb.Cadmium: Mid-mkt US$0.55/lb.Cobalt: Recent trades US$24-28/lb.Copper: Comex Mar. US$1.326/lb.Indium: Indium Corp., ingot, US$375/kg.Iridium: Mi…
Exchange Rates (March 01, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 24Feb. 23Feb. 20Feb. 19Feb. 18US$ in C$1.32801.33571.34401.3…