First Quantum, BHP ink Copperbelt JV
Preliminary results have prompted BHP Billiton (BHP-N) to sign a joint-venture agreement with First Quantum Minerals (FM-T) to continue exploring the Zambian Copperbelt.The deal, essentially an extens…
News
Contagion spreads
The most recent numbers show 11 “probable” and 41 “suspected” cases of Severe Acute Respiratory Syndrome in southern Ontario. Something like 2,000 people, potentially exposed over the past week, have …
LionOre’s bottom line bolstered
Vancouver — A stellar performance by the Australian operations LionOre Mining International (LIM-T) catapulted the nickel and gold miner to a profitable first quarter.The company earned US$9.1 millio…
LME Warehouse Levels (June 02, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 27 (change from May 20 in brackets):MetalStock(tonnes)ChangeAluminium1141275(-118…
AngloGold sells Amapari to Eike Batista (June 02, 2003)
AngloGold (AU-N) will sell its Amapari project in northeastern Brazil’s Amapa state to Eike Batista’s Mineracao Pedra Branca do Amapari for US$18.2 million.AngloGold acquired Amapari in 1998 as part o…
Samira Hill funding in place (June 02, 2003)
A group of lenders led by the African Development Bank (ADB) and including Semafo (SMF-T) has approved a US$27-million loan to La Socit des Mines du Liptako (SML) to develop the Samira Hill gold pro…
Peruvian regulator reviews Tambogrande
The Instituto Nacional de Recursos Naturales (Inrena), the Peruvian government agency charged with advising the government on new mining projects, has completed its preliminary review of the environme…
New techniques in processing
Predicting the processing performance of an untried ore deposit is essential to determining its economic viability.In cases where an ore just makes product grade or is difficult to prepare for smeltin…
Diavik receives engineering award
Diavik Diamond Mines has received the national award of achievement from the Canadian Council of Professional Engineers (CCPE) for the design and construction of the Diavik A154 dike.Building the dike…
Exchange Rates (June 02, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 27May 26May 23May 22May 21US$ in C$1.37461.37441.37751.3682…
Canadian Stock Exchange Indices (June 02, 2003)
DateMay 27May 26May 23May 22May 21HighLowTSX Composite6840.24…
Base metal miners advance
Buoyed by renewed strength in base metals prices, particularly in the nickel market, most of the base metal majors made gains during the report period ended May 27.Pechiney eased up 4 to US$14.05 as …