Commerce Resources firms up Fir carbonatite
Vancouver — Drilling by Commerce Resources (CCE-V) in the Blue River area of British Columbia has confirmed the high-grade nature of the tantalum mineralization in the Fir carbonatite.Situated 10 km …
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Noranda idles Bell Allard
Citing low metal prices and high inventories, Noranda (NRD-T) has decided to close its Bell Allard underground zinc mine for one month. The Matagami, Que., mine will be shut down beginning on June 29….
Soquem sells quarter of Clearwater interest
The Quebec Crown corporation Soquem has inked an option deal that will allow Eastmain Resources (ER-T) to take over operation of the Clearwater gold project in northwestern Quebec.The memorandum of un…
Seven questions for you
It was at the World Economic Forum in 1999 that nine chief executives of major mining companies put their heads together and realized the public might have preferred those heads on a plate. Thus was b…
Responsibilities start during exploration
First impressions are often the most lasting, especially in the mineral exploration business, for first impressions can go a long way toward ensuring community support for projects.One way the industr…
Golds power US market
With gold prices firming up well above the US$300-per-oz. mark, investors in U.S.-traded gold stocks enjoyed another week of strong gains.Gold Fields shot up $1.70 to US$13.80 on heavy volume as the S…
Spot Prices Wed. May 8, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$310.90+$2.60Silver$ 4.62+$0.08Platinum$525.00+$…
Kalimantan Gold keeps the faith
Vancouver — At the same time that it explores its copper porphyry property in central Kalimantan, Indonesia, Kalimantan Gold (KLG-V) is demonstrating its commitment to sustainable development.In part…
Battle brewing over Montana rules
Vancouver — Banking that a 1998 anti-mining initiative will eventually be stricken from the books, Canyon Resources (CAU-X) has proposed a new mine design for the long-stalled McDonald gold project n…
LME Warehouse Levels (May 13, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 7 (change from April 30 in brackets):MetalStock (tonnes)ChangeAluminium1116700(+5…
Exchange Rates (May 13, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 7May 6May 3May 2May 1US$ in C$1.57001.56831.56481.5618…
Producer and Dealer Prices (May 13, 2002)
Antimony: Mid-mkt US$1,250/t.Bismuth: Mid-mkt US$3.15/lb.Cadmium: Mid-mkt US$0.25/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.25-8.75/lb.Copper: Comex May US$0.7260/lb.Indium: Indi…