Bill 198 brings brawn to Act
There is little doubt that the crisis in confidence that has roiled U.S. markets in the wake of Enron, WorldCom, Global Crossing and other failures has spilled across the border into Canada. U.S. gove…
News
Shutting down the conversation
If metal miners think anti-mining groups are giving them a rough ride these days, they should have a talk with their brothers in the coal business. The latest bright idea from the pressure groups is f…
Phelps buys evaluation tool
Phelps Dodge Mining, the world’s second-largest producer of copper, has ordered its third QemSCAN system, a device that automatically analyzes crushed ore and drilled samples.The technology employs an…
Burnstone’s Area 1 grows
Following more than 20,000 metres of infill drilling on the Burnstone gold project in South Africa, Great Basin Gold (GBG-V) has raised mineral resources in the Area 1 deposit.Based on a cutoff grade …
More kimberlites at Churchill
Drilling by Shear Minerals (SRM-V) and Northern Empire Minerals (NEM-V), designed to test at least 15 geophysical targets, has intersected kimberlite on five of six targets tested so far.The fourth an…
Wolfden adds zone, mill and properties
Follow-up drilling by Wolfden Resources (YWO-V) has intersected a massive sulphide zone 1.7 km west of the existing A/B and D zones on its High Lake volcanogenic massive sulphide property in Nunavut’s…
LME Warehouse Levels (June 30, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 24 (change from June 17 in brackets):MetalStock(tonnes)ChangeAluminium1131975(+1…
Niocan soars on Oka approval
Shares in Montreal-based Niocan (NIO-T) jumped 25, or around 42%, to 85 in early afternoon trading in Toronto on June 18, after the Administrative Tribunal of Quebec approved the company’s Oka niobi…
Freeport-McMoRan to redeem gold-linked preferreds (June 30, 2003)
Freeport-McMoRan Copper & Gold (FCX-N) is proceeding with the forced redemption, on Aug. 1, of its gold-denominated preferred B stock, which trades on the New York Stock Exchange using the ticker symb…
Spot Prices Wednesday June 25, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$347.85-13.40Silver$4.51-0.06Platinum$670.00+8.00…
Northern Miner Indices (June 30, 2003)
CompanyTickerWeightBarrickABX-T20.0%CamecoCCO-T3.6%FalconbridgeFL-T4.6%Freeport McM BFCX-N5.8%GoldcorpG-T4.5%IncoN-T8.0%Kinross GoldK-T4.5%Newmont MiningNEM-N24.6%NorandaNRD-T4.8%P…
Partners step up drilling at Copler
Follow-up drilling by partners Rio Tinto (RTP-N) and Anatolia Minerals Development (ANOU-V) has intersected gold mineralization north of the Main zone at the Copler prospect in Turkey.Hole 54A, collar…