Spot Prices Wed. December 18, 2002 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$337.05+13.30Silver$4.62-0.01Platinum$598.00+3.00…
News
Producer and Dealer Prices (December 23, 2002)
Antimony: Mid-mkt US$2,600/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.57/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.30-6.70/lb.Copper: Comex Mar US$0.732/lb.
Gold glitters on junior exchange (December 23, 2002)
Vancouver — Gold issues helped Canada’s junior exchange break the 1,000 mark on the S&P composite index over the week ended Dec. 17. The Venture Exchange index rocketed 35.56 points, or 3.68% of its …
Sustainable development in Asia
What would the world be like if Asia — the most populous, the most dynamic quadrant of the globe — were to fail in making the transition to a sustainable lifestyle?I would argue that there can’t be …
Democrats better off without 2000 baggage Gore no more
Speaking in the congenial confines of the Columbia Broadcasting System’s current-affairs program 60 Minutes, Albert Gore Jr. has stated he won’t be a candidate for the presidency of the United States …
Sherritt Partnership adds coal to fire
Faced with a revised takeover bid by the Sherritt Coal Partnership II, Calgary-based Fording (FDG-T) has postponed until Jan. 3 its special shareholders’ meeting originally slated for Dec. 20.Fording’…
McWatters sizes up East Amphi project (December 23, 2002)
Based on the results of a recent feasibility study of the East Amphi gold project, near Val d’Or, Que., McWatters Mining (MWA-T) has budgeted $1 million for exploration in 2003.The deposit will be dri…
LME Warehouse Levels (December 23, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 17 (change from Dec. 10 in brackets):MetalStock(tonnes)ChangeAluminium1247075(-3…
Perseverance on hold
With zinc prices foundering in the US33-to-36-per-lb. range, Noranda (NRD-T) has decided to postpone development of the Perseverance project, near Matagami, Que.Noranda’s president of zinc operation…
Pan Am date extended
Before the merger with Pan American Silver (PAA-T) can close, Corner Bay Silver (BAY-T) has to secure a water source for a proposed heap-leach operation at the Alamo Dorado project in Sonora state, Me…
Montana judge dismisses Canyon suit
A judge in Helena, Mont., has thrown out a lawsuit by Canyon Resources (CAU-X) that claimed a 1998 state ban on cyanide use in gold mines illegally blocked plans for an open-pit mine near Lincoln, 300…
LionOre execs receive exploration awards
LionOre Australia’s chief geologist, Mark Bennett, has won the Prospector of the Year Award from the Australian branch of the Association of Mining & Exploration Companies (AMEC).The award recognizes …