Canadian geologist pips De Beers at the post
The dream of most geologists is to make a major discovery that will be recorded in the history books, or, at the very least, on the front pages of this newspaper. Charles Fipke realized his dream a de…
News
Global Diamond struggles with bank debt
Denver — Global Diamond Resources (GDRS-O) has called upon its major shareholders to save it from financial ruin.The Standard Bank of South Africa was granted rights to liquidate the company’s operat…
Partners boost grade
Preliminary production off the coast of Namibia is turning up higher grades for partners Diamond Fields International (DFI-T) and Trans Hex Group of South Africa.The partners report that recent survey…
Broad market slumps again
Although trading resumed on Sept. 13, the Toronto Stock Exchange was unable to weather the storm caused two days prior by the terrorist attacks in the eastern U.S. Consequently, the 300 index sank 204…
Dow plunges in wake of tragedy
Denver — Nearly a week after the terrorist attacks on New York City and Washington D.C., trading resumed in a strongly negative fashion. The Dow Jones industrial average plunged 702.11 points, or 7.3…
Tritton takes another blow (September 24, 2001)
Teck Cominco (TEK-T) has decided not to continue work at Nord Pacific’s (NPF-T) Tritton copper project in New South Wales, Australia.Nord Pacific and Cominco had been investigating the feasibility of …
Queenstake finances Magistral
Two separate agreements have provided Queenstake Mining (QRL-V) with the financing and equipment needed to place its wholly owned Magistral gold project into production.The proposed heap-leach project…
METAL PRICES (September 24, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)b>DateSept. 18Sept. 17Sept. 14Sept. 13Sept. 12…
Canadian Stock Exchange Indices (September 24, 2001)
DateSept. 18Sept. 17Sept. 14Sept. 13Sept. 12HighLowTSE 3006844.506907.966890.857102.26C…
Transmitting nickel’s benefits
Superconductors wrapped in nickel alloy could some day cut electrical line losses in half, making transmission more efficient.Scientists at the U.S. Department of Energy’s Los Alamos National Laborato…
Gold and terrorism
In the wake of the terrorist attack on the U.S. on Sept. 11, at least some investors have looked to gold, the traditional haven in times of crisis.Gold prices responded swiftly, and the London morning…
Falco releases soil study results
Results from a soil study in Nickel Centre, northeast of Sudbury, Ont., indicate that soil contamination levels pose no immediate threat to area residents.The study is part of a broad, ongoing soil-te…