NUM ends strike at Buffels
The National Union of Mineworkers (NUM) has called off a strike by more than 2,000 workers at Durban Roodepoort Deep’s Buffelfontein gold mine in northwestern South Africa following wage agreements wi…
News
Jacobina zones shaping up for Desert Sun (June 02, 2003)
Drilling by Desert Sun Mining (DSM-V) at the Jacobina project in Bahia state, Brazil, has established potential for a near-surface gold deposit.Desert Sun recently drilled 12 holes at the Serra do Cor…
Anooraq drills at South Block
Having raised $728,000 in a private placement of 1.4 million shares priced at 52 apiece, Anooraq Resources (ARQ-V) is preparing to drill its South Block project, on the northern limb of the Bushveld …
Ontario to spend more on mine rehab
The Ontario government has entered into a 2-year partnership with the Ontario Mining Association (OMA) to clean up abandoned mine sites.Under the program, the province will match OMA funds directed to…
Spot Prices Wednesday May 28, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$364.55-0.35Silver$4.59-0.15Platinum$671.00-9.00P…
BHP Billiton settles with ex-CEO
Not bad for half a year’s work: after serving only six months as CEO of BHP Billiton (BHP-N) before quitting, Brian Gilbertson has been awarded a 4.1-million (US$6.7-million) exit settlement.Gilberts…
Producer and Dealer Prices (June 02, 2003)
Antimony: Mid-mkt US$2,590/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$9.40-10.25/lb.Copper: Comex July US$0.778/lb.Indium: Indium Corp., ingot, US$140/kg.Iridiu…
Daily Metal Prices (June 02, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMay 27May 26May 23May 22May 21Al Alloy1355/1355…
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…
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…