LME Warehouse Levels (September 01, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 26 (change from Aug. 19 in brackets):MetalStock(tonnes)ChangeAluminium1336700(+1…
News
Camp Caiman advancing to feasibility
A preliminary economic assessment of the Camp Caiman gold project in French Guiana indicates that production of just under 100,000 oz. gold annually could be economic.The study, done for owner Ariane …
Diavik pleased with Tlicho deal
Diavik Diamond Mines President Joe Carrabba says it will be business as usual following a deal signed by federal, territorial and aboriginal leaders that gives the Tlicho (or Dogrib) nation exclusive …
Aurizon narrows loss in second quarter
Higher gold prices helped Vancouver-based Aurizon Mines (ARZ-T) narrow its losses during the second quarter.The loss was trimmed to $212,000 (or nil per share), from a loss of $1 million (2 per share…
Producer and Dealer Prices (September 01, 2003)
Antimony: Mid-mkt US$2,270/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.68/lb.Cobalt: Recent trades US$9.80-11.25/lb.Copper: Comex Sept. US$0.80/lb.Indium: Indium Corp., ingot, US$180/kg.Iridiu…
Canadian Stock Exchange Indices (September 01, 2003)
DateAug. 26Aug. 25Aug. 22Aug. 21Aug. 20HighLowTSX Composite7442.82…
Rio goes ahead at Aguablanca project
Rio Narcea Gold Mines (RNG-T) has arranged a US$47-million debt facility to mine the Aguablanca nickel sulphide deposit in southwestern Spain.The facility, arranged with Investec Bank (U.K.) and Macqu…
Peruvian police nab murder suspect
Peru’s national police have arrested a suspect in the shooting death of Jorge Luis Injoque, a geologist working for Barrick Gold in that country. The suspect’s name was not released.Injoque died July …
Gold bugs support Chinese gold IPO
Zhongjin Gold Co., China’s first-ever gold producer, recently bowed on the Shanghai Stock Exchange, and by the end of its first day of trading, its A shares had closed at 8.82 yuan — more than double…
Good pay day for BHP’s Goodyear
BHP Billiton CEO Charles “Chip” Goodyear will receive an annual remuneration package worth almost A$6 million.The package consists of a base salary of A$1.9 million, another A$1 million in lieu of sup…
Jobs at risk in UK power plant buyout
UK Coal says as many as 9,000 jobs could be lost if London-based BHP Billiton takes over Drax, the United Kingdom’s biggest power station.Drax buys a third of its fuel from UK Coal, but there are conc…
Siwash drilling resumed
Junior Almaden Minerals (AMM-T) has launched a small drill program with view toward restarting the Siwash gold mine, near Merritt, B.C.In the 1990s, Siwash produced 51,750 oz. from 18,400 tons of ore….