Cumberland steps up Meadowbank drilling
Crews have been mobilized to the Meadowbank gold project, 70 km north of Baker Lake in Nunavut, as Cumberland Resources (CBD-T) prepares to begin a 4,000-metre drilling program.The $1.3-million progra…
News
St Andrew Goldfields cleans house
Toronto-based St Andrew Goldfields (SAS-T) has raised $6 million and eliminated $2.7 million of debt.The company recently issued $4 million worth of secured debentures and $2 million worth of shares a…
PEOPLE (April 09, 2001)
Asia Pacific — Robert Connochie appointed chairman and CEO.Boliden — Anders Haker appointed CFO.Manson Creek — Shane Ebert appointed director.Maya Gold — Glenn D…
Project explores new gold uses
Mintek, a Johannesburg-based mining technology developer, and Gold Fields are throwing their weight behind Project AuTEK, which is aimed at developing industrial uses for gold.In the past, gold produc…
Perth hosts platinum conference
Exploration will be stressed at the first Australian Platinum Conference, slated for May 30-June 1 in Perth.South Africa, Scandinavia, Canada and Australia are among the countries where the search for…
Copper, zinc demand rose in ’99
Demand for base metals increased in 1999, according to World Mineral Statistics 1995-1999, a compilation of mineral and metals data published by the British Geological Survey (BGS).Copper and zinc far…
Nasdaq takes yet another tumble
Denver — After a brief respite, the Dow Jones industrial average continued its downward spiral during the report period ended April 3, tumbling 461.83 points, or 4.6%, to 9485.71. Meanwhile, the Nasd…
Spot Prices Wed. April 4, 2001Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$259.20-$2.00Silver$ 4.33-$0.10Platinum$582.00+$…
LME Warehouse Levels (April 09, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 3/01 (change from March 27 in brackets):MetalStock (tonnes)ChangeAluminium467225…
Exchange Rates (April 09, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 3April 2March 30March 29March 28US$ in C$1.57891.57491.5774…
Producer and Dealer Prices (April 09, 2001)
Antimony: Mid-mkt US$1,320/t.Bismuth: Mid-mkt US$4.05/lb.Cadmium: Mid-mkt US$0.22/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.90-14.00/lb.Copper: Comex May US$0.766/lb.Indium: Ind…
Sudbury Contact options Moosehead
A recent agreement with Altius Minerals (ALS-V) sets the stage for Sudbury Contact Mines (SUD-T) to earn up to a 60% interest in the Moosehead gold property in central Newfoundland.Sudbury Contact can…