Convict admits to bombing Giant mine
Roger Warren, the man convicted of murder after an explosion at the Giant gold mine in Yellowknife, N.W.T., killed nine people in 1992, has admitted he acted alone and did not intend to kill anyone.Wa…
News
Australia aims to revive mining
Mining is Australia’s biggest export industry, and concerns are growing that it could suffer greatly as a result of a slump in exploration.In the past 10 years, annual exploration expenditures Down Un…
LME Warehouse Levels (July 21, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 15 (change from July 8 in brackets):MetalStock(tonnes)ChangeAluminium1250900(+73…
Suppliers Roundup (July 21, 2003)
Cat buys Terex truck businessCaterpillar will acquire Terex’s electric-drive mining truck business in exchange for the intellectual property rights to Caterpillar’s 5000-series mining shovel.Terex’s 8…
Exchange Rates (July 21, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 15July 14July 11July 10July 9US$ in C$1.39291.37391.37611.38…
WMC exits Canada
One of the most significant deals of the report period was the agreement to merge WMC Resources’ Canadian subsidiary WMC International with Canadian junior gold explorer Comaplex Minerals.Comaplex wil…
Golds, base metals end mixed
The broad market attracted more buyers than sellers over the July 9-15 report period, causing the composite index to finish ahead 26.48 points at 7,166.08.The TSX gold index reversed 2.34 points as th…
Junior exchange sings summertime blues (July 21, 2003)
Canada’s junior exchange retreated somewhat during the report period ended July 15 as the price of bullion lost some lustre. The S&P-TSX Venture Exchange composite index shed 9.88 points, or 0.88%, to…
Daily Metal Prices (July 21, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJuly 15July 14July 11July 10July 9Al Alloy1385/1385…
Trading Summary (July 18, 2003)
The Toronto market finished the week strongly, as the TSX Composite index picked up 45.30 points to close at 7,114.
Nevsun eyes feed for Tabakoto
Vancouver A 5,500 metre drill program by Nevsun Resources (NSU-T) has cut encouraging gold mineralization at the…
Noranda sells remaining NIF priority units
Noranda (NRD-T) has sold its remaining 12 million priority units of Noranda Income Fund (NIF.UN.T) for $9.85 apiec…