LME Warehouse Levels (February 02, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 26 (change from Jan. 19 in brackets):MetalStock(tonnes)ChangeAluminium1451950(+1…
News
Cream Minerals raises $1.5m
Vancouver — Cream Minerals (CMA-V) has signed a deal with Canaccord Capital for a private placement of up to 2.3 million units priced at 65 apiece. Gross proceeds are estimated to be $1.5 million. A…
Southern Rio cuts more gold at 3Ts
The program was designed to extend and define the Ted vein mineralization, as well as provide data to calculate an inferred resource. At last report, the Ted Vein had been defined along a strike lengt…
Aurelian cuts more gold at Condor (February 02, 2004)
Vancouver — Aurelian Resources () has tabled encouraging results from drilling completed late last year at the Condor project in southeastern Ecuador.The company sunk 14 diamond drill holes on two of…
Northern Dynasty expands Pebble
Resources at Northern Dynasty Minerals’ () Pebble gold-copper project, 380 km southwest of Anchorage, Alaska, have swelled following 19,948 metres of drilling in 59 holes.Norwest Corp., an independent…
St. Jude cuts more gold at Benso (February 02, 2004)
Vancouver — St. Jude Resources () has released encouraging drill results from the Benso concession in Ghana, West Africa.Drilling on the G zone has determined that mineralization strikes for more tha…
When stars line up
More commentators are saying out loud what was only safe to whisper a year ago: that commodity markets seem to have turned the corner, and that renewed economic growth may sustain a bull market for se…
St Andrew drives Stock revival
St Andrew Goldfields (SAS-T) has begun dewatering underground workings at the past-producing Stock mine, near Timmins, Ont.During the fall, St Andrew drilled eight surface holes (4,026 metres) to conf…
Twenty-Five Years Ago / February 1979
Black pushes for rapid growthWithin two months of the entry of Toronto financier and industrialist Conrad Black and his brother, G. Montagu, to the board of directors of Hollinger Mines, the company a…
Unstable gold market to continue
Gold ended the week Jan. 19-23 on a soft note, after late selling took prices to a close of US$407.80 per oz. However, with the U.S. dollar firming further, supported by comments from U.S. Treasury Se…
Rio Tinto vs. AIDS
London-based Rio Tinto has developed and implemented a global HIV-AIDS strategy in response to the social and economic issues related to the life-threatening disease.About 40 million people worldwide …
Aker Kvaerner settles Tonopah dispute
Equatorial Mining, based in Sydney, Australia, will receive US$101 million from engineering firm Aker Kvaerner to resolve legal claims surrounding the failed Tonopah gold mine in Nevada. The settlemen…