Metals markets show signs of nervousness
It is unlikely that these downward adjustments signal much more than consolidation in the current uptrend for prices. Technical indicators had suggested that almost all the major metals were heavily o…
News
MEETINGS (September 25, 2000)
Sept. 26 New Sage Res. — annual; 10 a.m., Ste. 1650, 999 W. Hastings St., VancouverSept. 26 Redstar Res. — annual; 11 a.m., Ste. 1650, 999 W. Hastings St., VancouverSept. 26 Rift Res. -…
Pan American throws in towel at Dukat
The cat-and-mouse game involving the large Dukat silver deposit in Far Eastern Russia is finally over. Russian-based Polymetal will acquire an 80% interest in the project and assume operatorship, leav…
Soaring diamond sales ensure De Beers’ profitability
Fueled by strong global demand, De Beers Consolidated Mines (DBRSY-Q) tripled its earnings in the first half of 2000 on the back of US$3.52 billion in diamond sales, which were 44% higher than in the …
Ekati mine a shining symbol of Canada’s diamond potential
Ekati, Canada’s first and only diamond mine, is the largest supplier of rough diamonds to the global market by value outside of De Beers. As other projects such as Diavik, Snap Lake and Jericho come o…
F.P.O. Is a new diamond market emerging?
Recent developments in the diamond industry are hinting that the diamond market may have seen the last of single-channel supply.The shape of the new market may have broken the surface in July when De …
Hunt for prairie diamonds heats up
While the hunt for prairie diamonds has slowed somewhat from mid-1990s, the search is being kept alive by Ashton Mining of Canada (ACA-T), which is still plugging away at kimberlite targets at its vas…
News – 25-SEP-00 (September 25, 2000)
The Northern Miner — North American Mining Index (September 25, 2000)
68.78 (-4.24)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (September 25, 2000)
50.78 (-2.70)(Sept. 30/98 = 100)…
Yellow metal battered by British auction
The Sept. 13-19 report period saw another 25 tonnes of gold pour into the market from the Bank of England. The anticipated auction was oversubscribed by a rate of 2.6 times; however, this had little a…
Producers meet nickel’s high demand
The strong demand for nickel continues and Canada’s two producers, Inco and Falconbridge, are registering record levels of peacetime production.Production levels from Inco in the last half of 1950 sho…