The Northern Miner Indices (April 21, 2003)
North American Mining: 65.65 (+0.65)Small Producers: 58.51 (+2.05)(Sept. 30/98 = 100)…
News
Monroe manages risks with methodical approach
Schweizer Reneke, South Africa — Neels Badenhorst plucks a small, clear diamond off the grease table and pops it into his mouth. Dangling from a leather string around his neck is a vial filled with o…
South Africans target platinum in Zimbabwe
Vancouver — Over the past decade, platinum miners have been eager to advance known deposits on Zimbabwe’s Great Dyke, home to the world’s second-largest reserve of platinum. However, a strong nationa…
Investment demand for gold will wane as PGMs gain in appeal
The following is the first of several instalments of The Commodity Refiner, published by London-based Barclays Capital Research. This week we examine precious metals markets; subsequent instalments wi…
Latest Tirisano auction a hit (April 21, 2003)
The latest parcel of diamonds pulled from a test panel dug at the Tirisano alluvial diamond mine in South Africa has fetched more than was expected, lending further support to the revenue projections …
Hushovd cleans house at Gabriel
Four key officers of Gabriel Resources (GBU-T) have simultaneously tendered their resignations, all citing “personal reasons” for their decisions.Leaving are: Robin Hickson, president and CEO (who had…
Mining town fails to sell in online auction
A 150-acre former mining town on Route 66 in southern California’s Mojave Desert failed to sell after a month-long auction on e-Bay, the online marketplace.Bidding on the town, known as Amboy, ended i…
Filled up to here in California
A bill recently signed into law by Governor Gray Davis, and policies put into place by state regulators at the governor’s instance, probably have marked California as another jurisdiction hostile to m…
Placer Dome gives nod to Getchell project
Vancouver — Placer Dome (PDG-T) is preparing to start up the Turquoise Ridge gold mine, part of the Getchell project in northwestern Nevada’s Humboldt Cty.The daily milling rate is projected to be 1,…
Ashton, Soquem unearth more kimberlite
With spring break-up fast approaching in the Otish Mountains region of north-central Quebec, Ashton Mining of Canada (ACA-T) and provincially owned Soquem have uncovered another small kimberlitic body…
Northern Orion dilutes self for Alumbrera purchase
Northern Orion Explorations (NNO-T) is cranking up the printing press to fund its partial acquisition of the Bajo de la Alumbrera gold-copper mine in Argentina.The Vancouver-based junior recently team…
Peru grants extension to Manhattan Minerals
Vancouver — The Peruvian government has granted Manhattan Minerals (MAN-T) a one-year extension to its option agreement over the Tambo Grande concessions.The deal gives the company until May 31, 2004…