News
Spot Prices Wed. February 20, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$294.20-$3.20Silver$ 4.50+$0.06Platinum$471.00+$…
Exchange Rates (February 25, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 19Feb. 18Feb. 15Feb. 14Feb. 13US$ in C$1.58851.59111.59121.5…
Prospecting in Wekusko, Part 3
It was now winter 1956 and the four drillers at the Crowduck Bay camp in northern Manitoba were intent on making more in wages and completing the drill contract on the Violet lithium claims, named aft…
Diamonds gain momentum
Diamond mines and pipelines continue to be hot topics of discussion and speculation across the Northwest Territories. As we move into our second decade of diamond discovery, the Northwest Territories …
BC students compete at CIM event
Vancouver — Mining students in British Columbia will compete for the coveted Turnbull Cup on Feb. 28 at the awards dinner of the Canadian Institute of Mining, Metallurgy and Petroleum (Vancouver bran…
Short-term prospects dim in mineral commodity markets
It’s annual-report season, and given the difficult trading conditions of late, it isn’t surprising that many companies are reporting mixed results. What is cause for concern, however, is that most min…
TNR joins NovaGold
Vancouver — At the same time that it is carrying out a feasibility study on the 13-million-oz. Donlin Creek deposit in Alaska, NovaGold Resources (NRI-T) has inked a deal allowing TNR Resources (TRR-…
BHP Billiton knocks down Tower
BHP Billiton (BHP-N) is closing the Tower coal mine in New South Wales, Australia, as part of an ongoing effort to cut costsTower is one of four underground mines that constitute the Illawarra operati…
CanTung ships first concentrate (February 25, 2002)
Vancouver — North American Tungsten (NTC-V) has completed its first shipment of high-grade clean tungsten concentrate. The concentrate was shipped to Sandvik AB of Stockholm and Osram Sylvania Produc…
Corner bay tops up till
Junior Corner Bay Silver (BAY-T) has raised $4.5 million in several private placements comprising 1.8 million shares in all. Proceeds are earmarked for the advanced Alamo Dorado silver-gold project in…
LME Warehouse Levels (February 25, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 19 (change from Feb. 12 in brackets):MetalStock (tonnes)ChangeAluminium898025(+2…