The Northern Miner — Small Producers Index (July 08, 2002)
87.56 (-2.60)(Sept. 30/98 = 100)…
News
Diamonds North targets Victoria Island (July 08, 2002)
Hoping to capitalize on a revitalized diamond exploration sector that has been fueled by recent kimberlite discoveries in Quebec and the Coronation district of Nunavut, Major General Resources has spu…
Roughing it (with apologies to Mark Twain)
As reviewed in the first article in this series, “Making the Grade: Diamonds Take Forever” (T.N.M., June 17/02), once a favourable bedrock (lode) or surficial (placer) site has been located, the proce…
Holmer confirms Timmins mineralization (July 08, 2002)
The first eight holes of an ongoing drill program have confirmed previous results at the Timmins project of Holmer Gold Mines (HGM-V).Between 1996 and 1998, Holmer outlined five near-surface parallel …
Ashanti scraps note restructuring (July 08, 2002)
Ashanti Goldfields (ASL-N) has scrapped a proposed note restructuring, following a US$75-million, last-minute cash injection from 32%-owner Lonmin.Instead, the African gold miner will implement an ear…
Gold fever in BC, Part I
Since the first recorded discovery of lode gold at Mitchell Bay on the Queen Charlotte Islands in 1857, the yellow metal has been vitally important to the early development of British Columbia. Placer…
PGM markets undergo shifts: report
Last year, platinum group metals (PGM) markets continued to experience wild shifts in supply, demand, and price, a trend that is likely to continue, according to Platinum Group Metals Survey 2002. The…
Producer and Dealer Prices (July 08, 2002)
Antimony: Mid-mkt US$1,425/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.30/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.75-7.70/lb.Copper: Comex Sept US$0.7625/lb.Indium: Ind…
Spot Prices Wed. July 3, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$314.45-$10.15Silver$ 4.92+$0.07Platinum$531.00-…
Camafuca wins final approval
Angola’s Council of Ministers has approved the operating agreement for the Camafuca diamond project, 20 km southwest of Lucapa in Lunda Norte province. The council also OKed the creation of Sociedade …
Renard 3 yields larger stones (July 08, 2002)
Ashton Mining of Canada (ACA-T) and Soquem have recovered eight macrodiamonds and 11 micros from a 54.6-kg sample at the Renard 3 kimberlite pipe on the 1,536-sq.-km Foxtrot property in the Otish Moun…
Exchange Rates (July 08, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 2July 1June 28June 27June 26US$ in C$1.5260Holiday1.51871.51…