Daily Metal Prices (September 29, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 23Sept. 22Sept. 19Sept. 18Sept. 17Al Alloy140…
News
Relieved of debt, Anaconda moults
Having shed its debt related to wholly owned subsidiary Murrin Murrin, Aussie nickel-laterite miner Anaconda Nickel will ask shareholders to approve a 1-for-15-share consolidation and name-change to M…
Ashanti proves up Youga
Drilling by Ashanti Goldfields (ASL-N) on the A2 Main deposit at the Youga project in Burkina Faso, West Africa, has returned some encouraging intersections.Highlights are as follows:– Hole 10 — 37….
Far West banks on Chilean results
Proceeds from a private placement are enabling Far West Mining (FWM-V) to resume its search for iron-oxide copper-gold deposits in the prospective Candelaria belt of northern Chile.In late July, Far W…
LME Warehouse Levels (September 29, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 23 (change from Sept. 16 in brackets):MetalStock(tonnes)ChangeAluminium1362550(…
Malartic Sud drilling delivers goods at Croinor (September 29, 2003)
An 81-hole drilling program by South-Malartic Exploration (MSU-V) is expanding the known mineralization at the Croinor gold deposit in northwestern Quebec.Drilling over a 680-metre strike length surro…
Exchange Rates (September 29, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 23Sept. 22Sept. 19Sept. 18Sept. 17US$ in C$…
Taconite tailings in aggregate
Byproducts from the taconite pellet-making process in Minnesota have been piling up for decades, but research has found that these tailings could be a marketable commodity.Researchers at the Natural R…
Suppliers Roundup (September 29, 2003)
Program predicts motion in millsThe Melbourne-based Commonwealth Scientific and Industrial Research Organization (CSIRO) has developed an Internet-based program that predicts the motion of particles i…
More aluminum on the way
According to London-based market analyst Roskill, the aluminum industry is set to boost primary capacity by 10 million tonnes per year over the next 5-7 years.In a study titled The Economics of Alumin…
Bruce joins Crystallex
Eight months after resigning as president of Iamgold (IMG-T) following its merger with royalty firm Repadre Capital, Todd Bruce is assuming the positions of president, CEO and director of Crystallex I…
Defiance boosts Tasiast
With about 28,000 metres worth of reverse-circulation (RC) and core drilling under its belt, Defiance Mining (DM-T) has tabled an updated resource figure for its Tasiast gold project, 170 km east of t…