The Northern Miner — Small Producers Index (February 10, 2003)
98.59 (+6.79)(Sept. 30/98 = 100)…
News
LME Warehouse Levels (February 10, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 5 (change from Jan. 28 in brackets):MetalStock(tonnes)ChangeAluminium1195400(-22…
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…
Morila shapes up as money-spinner for AngloGold, Randgold; Kolwezi; Diamond Fields
Mine proves to be a company-maker for RandgoldThe Morila mine in southern Mali is clearly a mine with a problem.The operation, which poured its first gold in the last quarter of 2000 and its millionth…
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…
Spot Prices Wednesday February 5, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$385.00+15.15Silver$4.93+0.08Platinum$689.00+40.00…
US markets slide, golds mixed
Markets in the U.S. continued their downward spiral during the Jan. 29-Feb. 5 report period, as calls for war against Iraq grew louder in Washington. The S&P 500 slipped 10.34 points, or 1.2%, to clos…
Pele drills Ardeen
Junior Pele Mountain Resources (gem-v) will sink two holes at its Ardeen project, near Thunder Bay, Ont., to test for high-grade gold mineralization.The first is targeting a geophysical anomaly outlin…
Barrick counter-sues Blanchard
Barrick Gold (ABX-T) has served a formal libel notice on Blanchard & Co. and its CEO, Donald Doyle, Jr., and is seeking “substantial damages and other relief.”Based in New Orleans, Blanchard describes…
Gold demand slows in India, Pakistan
Consumer demand for gold in India was 8% lower in the third quarter of 2002 than a year earlier. However, the decrease was less severe than the 44% drop between the first half of 2002 and the first ha…
Monroe soars on London diamond find
The recovery of seven gem-quality diamonds from the London alluvial diamond project in South Africa sent shares in Monroe Minerals (MMX-V) soaring 20, to 45, in early trading in Vancouver on Feb. 5….
AFRICA
Operator Etruscan Resources (EET-T) and minority partner Mountain Lake Resources (MOA-T) have sold the first bundle of alluvial diamonds produced at the Tirisano mine at Ventersdorp, South Africa.The …