Caution in order despite palladium’s rise
(The following is a second instalment from The Commodity Refiner, a monthly publication of Barclays Capital Research.)Palladium prices recently rose from 6-year lows below US$150 per oz. to more than …
News
Ashanti exec knighted
Sam Jonah, chief executive officer of Ghana-based Ashanti Goldfields, has been awarded an honourary knighthood at St. James’s Palace in London.The knighthood, which is honourary because the recipient …
Alcan attempts takeover of Pechiney
Looking to cut costs and entrench itself in the aerospace supply industry, Montreal-based aluminum giant Alcan (AL-T) is taking another run at French rival Pechiney (PY-N) via a cash-and-stock offer t…
Placer Dome gains East African Gold Mines
Placer Dome (PDG-T) has inked share purchase agreements to acquire 98% of privately owned Australian-based East African Gold Mines, thereby securing that company’s cornerstone operation, the North Mar…
Good widths at Morro do Vento
The first three holes drilled by Desert Sun Mining (DSM-T) at the Morro do Vento prospect in the Jacobina area of Bahia state, Brazil, have intersected multiple zones of gold mineralization.Desert Sun…
Gold: Q1 supply and demand
Supply of gold rose by just over 4%, year over year, in the first quarter of 2003, mainly as a result of a sharp increase in scrap supply. In contrast, mine production was essentially flat, while offi…
That giant hissing sound
It is generally acknowledged that, among government employees, drill sergeants and central bankers have the greatest gift for speaking clearly and to effect.Thus, when the Federal Open Market Committe…
Exploration in Finland
Most large mining companies are expanding through mergers and acquisitions, and this is creating opportunities for junior companies to find new projects, especially in Nordic countries, according to M…
Field trips planned in Timmins
A conference on ore deposits at depth, to be held at the McIntyre Community Centre in Timmins, Ont., from Sept. 23-26, will feature the following field trips:– LaRonde mine (northwestern Quebec) — P…
Mustang drops McAra Lake
Failing to turn up any significant alteration halos around seven airborne geophysical anomalies, Mustang Minerals (YMU-V) has dropped its option on the McAra Lake properties, near Shining Tree, Ont.In…
Cameco mining again at McArthur
Mining has resumed about a month earlier than expected at Cameco’s (CCO-T) McArthur River uranium mine in Saskatchewan.The mine shut down in early April when flooding caused a 10-metre-long portion of…
Newmont lowers Yandal offer (July 14, 2003)
Vancouver — Newmont Mining (NEM-N) has placed its Australian subsidiary, Newmont Yandal Operations, under voluntary administration.The move follows a failed attempt to buy back some US$237 million in…