Cobalt ftes centenary of silver discovery
More than 5,000 visitors recently converged on Cobalt, Ont., to celebrate the centenary of the discovery of silver there.As part of the celebrations, the Cobalt mining district was declared a national…
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Randgold Resources takes run at Ashanti (August 18, 2003)
Mid-tier producer Randgold Resources (GOLD-Q) has made the proposed merger between Ashanti Goldfields (ASL-N) and AngloGold (AU-N) a whole lot more interesting by making a merger proposal to As…
Dynatec, Phelps Dodge to try Madagascar laterite bet (August 18, 2003)
Mining-contractor-turned-miner Dynatec (DY-T) has taken an option to earn a 53% interest in the Ambatovy nickel laterite project in Madagascar from Phelps Dodge (PD-N).Dynatec, which absorbed the tech…
Rock Creek shaping up for NovaGold (August 18, 2003)
Vancouver — NovaGold Resources (NRI-T) has tabled a positive scoping study of the Rock Creek project, near Nome, Alaska.Early this year, NovaGold accelerated its evaluation of the project after Place…
Silver price hits high in July
In late July, the silver price closed at US$5.19 per oz. on New York’s Commodities Exchange (Comex) — the highest spot price recorded in more than three years.The significant increase reflects a posi…
Gold Fields takes out Arctic Platinum (August 18, 2003)
Vancouver — South Africa’s second-largest gold producer has acquired Outokumpu’s 49% stake in the Arctic platinum project in northern Finland.Gold Fields (GFI-N), which already owns 51% of the projec…
Ashton adds to Renard value
Discovered this past April, the Renard 9 kimberlitic body in north-central Quebec has yielded a strong microdiamond count.Renard 9 is one of eight kimberlitic bodies discovered by the Ashton Mining of…
Meridian forms Newfoundland alliance
Junior Linear Resources (LRR-V) has farmed-out its Reid property in the Botwood Basin of central Newfoundland to Meridian Gold (MNG-T).Under the terms of a letter agreement, Meridian can earn an initi…
Wheaton bags $80m
Wheaton River Minerals (WRM-T) has entered into an $80-million bought-deal financing.Griffiths McBurney & Partners is leading a syndicate of underwriters, including BMO Nesbitt Burns, Canaccord Capita…
Spot Prices Wednesday August 13, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$356.00+3.35Silver$4.87-0.06Platinum$688.00+4.00P…
Producer and Dealer Prices (August 18, 2003)
Antimony: Mid-mkt US$2,300/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$9.95-10.30/lb.Copper: Comex Sept. US$0.7890/lb.Indium: Indium Corp., ingot, US$180/kg.Irid…
Canpotex strikes Chinese potash deal (August 18, 2003)
The North American potash partnership Canpotex will supply Saskatchewan potash to China’s largest potash importer, China National Chemicals Import & Export Corporation (Sinochem).Under a memorandum of…