Exchange Rates (July 14, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 8July 7July 4July 3July 2US$ in C$1.36911.34841.34091.3365…
News
Producer and Dealer Prices (July 14, 2003)
Antimony: Mid-mkt US$2,380/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$10.15-11.00/lb.Copper: Comex Sept. US$0.7685/lb.Indium: Indium Corp., ingot, US$140/kg.Iri…
Lower profits for Alcoa
Despite continued weak aluminum demand, especially in the aerospace and automotive sectors, Alcoa, the world’s largest aluminum producer, posted a surprisingly strong second-quarter net income of US$2…
More kimberlites found at Churchill
The discovery of two more kimberlites during a first pass of drilling on the Churchill project, north of Rankin Inlet in Nunavut, brings the total number of kimberlite bodies found to date to seven.Sh…
Diamondex broadens search
Not to be outdone by the recent kimberlite discoveries near Rankin Inlet and on the Melville Peninsula in Nunavut, Diamondex Resources (DSP-V) has developed its own exploration play in the Northwest T…
Fronteer eyes TSX listing
Vancouver — Fronteer Development Group (FRG-V) has been conditionally approved for a listing on Canada’s major bourse.Trading on the Toronto Stock Exchange is still subject to compliance with all the…
Far North extension adds value to Oyu Tolgoi
Using more than a dozen drill rigs to define the extent of the Far North discovery at Oyu Tolgoi in Mongolia’s South Gobi region, Ivanhoe Mines (IVN-T) is encountering some of the best values to date …
People (July 14, 2003)
Beartooth — Craig Smith appointed CFO.Brigadier Gold — Roger Dufresne and Robert MacGregor appointed to board of directors.Coeur d’Alene – James Arnold appointed VP of technical service…
LME Warehouse Levels (July 14, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 8 (change from July 1 in brackets):MetalStock(tonnes)ChangeAluminium1,177,750(+3…
Dunsmuir expands Nanuq holdings
Dunsmuir Ventures (DVV-V) has expanded in Canada’s far north by staking 2,533 sq. km immediately contiguous to its Nanuq project, 250 km northeast of Rankin Inlet in Nunavut.This new extensive souther…
SEG fund honours Nutt
A fund in memory of murdered geologist Timothy Nutt has been established by the Littleton, Colo.-based Society of Economic Geologists (SEG) Foundation.Nutt was found with his throat slit and his vehic…
America Mineral Fields reworks Kolwezi deal
American Mineral Fields (AMZ-T) has agreed to relinquish a tax holiday for the Kolwezi cobalt-copper tailings project in the Democratic Republic of Congo in return for a larger equity stake.AMF now st…