News

America Mineral Fields still keen on Kolwezi cobalt

Although hopes for better days are routinely crushed in the Democratic Republic of Congo, London-based America Mineral Fields (AMZ-T) is optimistic recent peace negotiations will finally allow its Kol…


Diamonds among best bets for ’03

The Northern Miner asked several followers of the junior mining sector for their recommendations and predictions for 2003. Last week we heard from John Kaiser and Donald Poirier. This week, James Must…


Inco posts loss despite nickel’s rise

Inco’s (N-T) US$1.6-billion writedown during the summer on its Voisey’s Bay project in Labrador, combined with a host of other added costs, pushed Canada’s nickel giant deeply into the red in 2002.For…



Drilling resumes at McCuaig (February 10, 2003)

Partners Rubicon Minerals (RMX-V) and Golden Tag Resources (GOG-V) have resumed drilling at the McCuaig property in the Red Lake camp of northeastern Ontario.The pair will drill upwards of 10,000 metr…


TVX, Echo Bay give nod to Kinross merger

TVX Gold (TVX-T) shareholders have approved a proposed 3-way merger with Kinross Gold (K-T) and Echo Bay Mines (ECO-T).Kinross recently announced a 3-old-for-1-new-share consolidation, and T…


Lending Rates (February 10, 2003)

as of 4 pm ET, Feb.4, 2003(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.35LIBOR US$ 6-month1.35LIBOR US$ 1-year1.44Gold lease 3-mo…



Stronger gold pays off in Burkina Faso

The recent surge in the price of gold has revitalized exploration in Burkina Faso, a pocket of Africa known more for its poverty than for its wealth of mineral resources.Burkina Faso first emerged as …


Cambior builds Rosebel mine

Cambior (CBJ-T) has begun building the Rosebel gold mine in northern Suriname, with political risk coverage underwritten by a group including Export Development Canada.Cambior will spend US$95 million…



Daily Metal Prices (February 10, 2003)

BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 4Feb. 3Jan. 31Jan. 30Jan. 29Al Alloy1445/1420…


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