Base metals: upside despite macro gloom
The following is the second in a series devoted to metals markets and was culled from Barclays Capital’s monthly report The Commodity Refiner. This week’s instalment provides an overview of base metal…
News
Great Basin drills Burnstone (February 10, 2003)
Vancouver — Great Basin Gold (GBG-V) has launched a 5-rig, 20,000-metre diamond drilling program over its newly acquired Burnstone property, 100 km southeast of Johannesburg, South Africa.The project…
People (February 10, 2003)
Alcoa — William Christopher appointed executive VP and group president for Alcoa Aerospace, Automotive and Commercial Transportation; Paul Thomas appointed VP of Alcoa and president of North American…
Philex disappoints
Vancouver — Drill results from Philex Gold’s (PGI-V) Boyongan deposit in the Philippines have prompted operator Anglo American (AAUK-Q) to seek additional tonnage on the surrounding North property.Al…
Goldcorp buys into American Bonanza
Vancouver — High-grade miner Goldcorp (G-T) has taken a 10.4% stake in the junior explorer that holds the Copperstone project in southwestern Arizona.That company, American Bonanza Gold Mining (BZA-V…
Higher output from Diamond Fields
The recovery of 4,700 carats of gem-quality diamonds from the Marshall Fork deposit has prompted Diamond Fields International (DFI-T) to add a second mining vessel to its Luderitz Blue Bay grant off t…
Melville yields diamonds for Northern Empire, Stornoway
Vancouver — The cloak of secrecy under which Northern Empire Minerals (NEM-V) and Stornoway Ventures (SWV-V) acquired more than 5,200 sq. km in Nunavut has proved efficacious: the partners have disco…
Ontario spends $10m on mine rehab
The Ontario government will spend $10 million this year on a program designed to rehabilitate abandoned mines.The work is being carried out under the $27-million Abandoned Mines Rehabilitation Program…
Phelps Dodge
Rio Tinto (RTP-N) and Anatolia Minerals (YMC.U-V) will resume drilling on the Copler (Cukurdere) prospect in Turkey.The partners’ objective is to confirm and expand the shallow, oxide component of the…
U of T, SEG offer diamond course
The University of Toronto chapter of the Society of Economic Geologists will present a short course on diamond exploration on March 7 and 8.The event coincides with the annual convention of the Prospe…
Inco goes for gold
FIFTEEN YEARS AGO/FEBRUARY 1988As northwestern Quebec was blanketed in more snow, Inco Gold could well have re-named its first mine “Frozen Pond” instead of Golden Pond.With a stockpile of 40,000 tons…
The Northern Miner — North American Mining Index (February 10, 2003)
76.77 (-0.91)(Sept. 30/98 = 100)…