US markets up over the holidays
Markets in the U.S. enjoyed a modest boost over the Dec. 21-Jan. 1 report period, with the Dow Jones Industrial Average rising 36.32 points to surpass the 10,000-mark and the Standard and Poor’s 500 a…
News
High Grade zone extends deeper (January 07, 2002)
Deep drilling at the Red Lake mine of Goldcorp (G-T) has extended the producing High Grade zone at depth.Hole 34L-860GW cut 2.4 metres of the HW5 lens at a vertical depth of 2,061 metres, extending it…
OM Group grabs Cawse nickel mine
Cleveland, Ohio-based specialty-metals giant OM Group (OMG-N) has acquired the mineral rights and chemical processing capabilities of the Cawse nickel-cobalt laterite operation in Western Australia.De…
Saskatchewan halves fees
Recording fees for mineral permits in Saskatchewan will be cut in half to 15 from 30 per hectare in order to encourage exploration.In addition, cash deposits for new permits will be reduced to $15,0…
Canaccord sees recovery ahead in 2002
With the U.S. economy offically in recession, Canaccord Capital base metals analyst Roger Chaplin is already looking to a turnaround that should propel base metal prices and stocks higher in the year …
MAC cited for reporting standards
The Mining Association of Canada (MAC) has been cited for its high standards in reporting on the industry’s reduction of greenhouse gas (GHG) emissions.The acknowledgment was made by the Ottawa-based …
Land-use planning in BC
The government of British Columbia has changed its approach to the Land and Resource Management Planning (LRMP) process, and as a result, the province’s mining industry has returned to the land-use pl…
AngloGold sweetens bid, offers Barrick indirect role (January 07, 2002)
A proposed alliance with Barrick Gold (ABX-T) has provided AngloGold (AU-N) enough elbow room to raise its bid for Normandy Mining (NDY-T).The South African miner is now offering A30 per sh…
Exchange Rates (January 07, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 1Dec. 31Dec. 28Dec. 27Dec. 26US$ in C$Holiday1.59261.59…
Comtois grades confirmed
Results are in from the three latest holes by Maude Lake Exploration (MAU-V) on the Colline de l’ouest zone on the Comtois gold property, west of Lebel-sur-Quevillon, Que.Hole 82 cut 11.2 metres (from…
LME Warehouse Levels (January 07, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 28/01 (change from Dec. 21 in brackets):MetalStock (tonnes)ChangeAluminium819175…
Spot Prices Wed. January 2, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$278.10-$0.80Silver$ 4.59+$0.10Platinum$481.00+$…