Towards sustainable mining
“The return on investment from aggressively improving company-wide sustainable development knowledge and initiatives can make other traditional investment initiatives seem trivial.”– Bob Willard, The…
News
Diamond industry visits Ottawa
On March 18, members of the Canadian diamond industry will organize “Diamond Day on the Hill,” a campaign designed to underscore to the economic and social importance of diamond mining in this country…
Barrick’s Davidson honoured for long, long career
In the late 1970s, Alex Davidson, then a student at McGill University, was attending the annual PDAC convention in Toronto when he stuck his head inside the Canadian room at the Royal York Hotel to ca…
Alcoa expands aluminum plant
Alcoa has announced plans to invest $1 billion to expand one of its aluminum plants in Quebec.The Pittsburgh, Pa.-based company and the Quebec government have signed a memorandum of understanding to e…
Semafo sees expansion at pits in Guinea
A reassessment of the pits at the Kiniero mine in northern Guinea has boosted mineral reserves for Montreal-based Semafo (SMF-T).Based on a gold price of US$308 per oz. and updated mill recovery and m…
St. Jude sniffs gold
Drilling by St. Jude Resources (SJD-T) has confirmed the presence of gold mineralization at the Goulagou property in Burkina Faso.The Vancouver-based junior sunk nine reverse-circulation holes to subs…
Impala, Mustang sign JV
South African-based Impala Platinum (IMPAF-O)has spent a required $3.8 million on exploration to earn a 38% stake in the River Valley palladium-platinum project of Mustang Minerals (YMU-V).Situated 80…
Barrick countersues Blanchard
Barrick Gold (ABX-T) has begun legal proceedings against New Orleans-based bullion dealer Blanchard & Co. in the Ontario Superior Court of Justice.Barrick is seeking $100 million in damages plus anoth…
Daily Metal Prices (March 17, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 11March 10March 7March 6March 5Al Alloy1455/1…
Bullion bearish on junior market
Vancouver — Canada’s junior exchange felt the impact of a falling bullion price during the report period that ended March 11, with investors electing to unload gold explorers. The S&P-TSX Venture Exc…
Northern Miner Indices (March 17, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T19.5%CamecoCCO-T3.1%FalconbridgeFL-T4.0%Freeport BFCX.B-N5.7%Glamis GoldGLG-T3.3%GoldcorpG-T5.4%IncoN-T9.0%Meridian GoldMNG-T…
Broad market slumps as gold see-saws
The Toronto Stock Exchange composite index surrendered another 99.2 points over the March 5-11 report period to finish the week at 6,290.7.Gold yo-yoed itself US$5.25 per oz. lower to a London afterno…