Gold Funds (June 17, 2002)
Gold Funds as at June 6, 2002DundeePrecious MetalsCentral FundNet Value$25.34$6.01Price…
News
Inco, Newfoundland reach Voisey’s deal
Nickel producer Inco (N-T) and the government of Newfoundland and Labrador have reached an agreement under which Inco will get a mining lease for the Voisey’s Bay nickel project in Labrador.The deal, …
New bedrock exposures expand Wawa diamond play
Diamond exploration in Ontario has had several false starts since speculation about the origin of gems in glacial drift south of the Great Lakes led explorers to the province more than a century ago.L…
Lending Rates (June 17, 2002)
as of 4 pm ET, June 11, 2002(%)Bank of Canada2.75Canadian Prime4.25U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.89LIBOR US$ 6-month2.03LIBOR US$ 1-year2.51Gold lease 3-month0.39Gold leas…
GREATEST VALUE TRADED, JUNE 5-11
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N84944231.9027.6129.00-2.56…
Murdochville faces possible extinction
Residents of Murdochville, Que., have voted 77% in favour of shutting down the town following the closure of a copper smelter, the area’s main employer.In a union referendum, nearly 1,000 residents au…
Cleanliness or clarity
Recent months have seen a number of developments touching on the issue of “conflict diamonds,” the diamonds from countries where there are civil wars, paramilitary criminal gangs, or, in the extreme c…
Feds to assist Aboriginals at Voisey’s
The federal government will invest up to $150 million to help Aboriginals take advantage of opportunities created by the startup of the Voisey’s Bay nickel mine in northern Labrador. The money will go…
Ensuring mining’s legitimacy, Part 1
Ten years ago, the United Nations convened a conference on environment and development in Rio de Janeiro. The mining industry was present at that conference, but only on the periphery. In August of th…
Forum to offer Stillwater tours
The Ninth International Platinum Symposium, scheduled for July 21-25, in Billings, Mont., will feature field trips to the Stillwater mine.The first trip, prior to the symposium, will include an underg…
Proposed amendments could boost exploration in Manitoba
Amendments to the Mines and Minerals Act, being considered by the Manitoba legislature, would clarify regulations governing the minerals industry and provide stability of land tenure.One such amendmen…
China to use 2m oz. silver in coins
China will issue a series of commemorative precious metals coins this year, including 21 types of silver coins, according to the People’s Bank of China.The commemorative coins, which also will be mint…