Silver Standard hits bonanza grades
Vancouver — Silver Standard Resources (SSO-V) has tabled more high-grade results from infill and exploration drilling at the Manantial Espejo silver-gold project in Argentina’s Santa Cruz province.So…
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Not one watt?
Aluminum producer Alcoa, Newfoundland and Labrador Hydro, and the government of Newfoundland recently finished a joint study on the feasibility of building an aluminum smelter that would use power fro…
Platinum demand at new high
Demand for platinum is expected to rise by 5% to a record 5.9 million oz. in 2001, and the climb is being led by a 25% rise in demand from the auto industry, owing to increased market share for diesel…
Home-owners on unstable ground: province
The Ontario government evacuated several residents living close to the defunct Toburn gold mine, near Kirkland Lake, Ont., after it was discovered their homes rest on unstable ground.Ground stability …
BC committed to geoscience
The government of British Columbia is committed to building a thriving private-sector economy that creates high-paying job opportunities, including those in the mining and mineral exploration industry…
Altius, Barrick seek Carlin-type deposits
Vancouver — Altius Minerals (ALS-V) and Barrick Gold (ABX-T) are jointly exploring Newfoundland’s Botwood Basin for Carlin-type deposits.Barrick stands to earn a 75% interest in six properties by fun…
LME Warehouse Levels (December 17, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 11/01 (change from Dec. 4 in brackets):MetalStock (tonnes)ChangeAluminium760150(…
Exchange Rates (December 17, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 11Dec. 10Dec. 7Dec. 6Dec. 5US$ in C$1.57781.57831.57241.5767…
Wolfden adds to Red Lake portfolio
Wolfden Resources (YWO-V) has added to its land position in the rejuvenated Red Lake mining district of northwestern Ontario by agreeing to take over the Skinner gold project.To acquire the 20.3-sq.-k…
US rate cut spooks northern investors
The biggest news of the Dec. 5-11 report period came from south of the border, where the U.S. Federal Reserve Board knocked another 25 basis points off the federal funds rate, thereby reducing it to i…
Daily Metal Prices (December 17, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 11Dec. 10Dec. 7Dec. 6Dec. 5Aluminium1335/1351.
Producer and Dealer Prices (December 17, 2001)
Antimony: Mid-mkt US$1,230/t.Bismuth: Mid-mkt US$3.25/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.95-8.00/lb.Copper: Comex Mar. US$0.689/lb.Indium: Indi…