News
Quebec, Ontario top Fraser rankings
Quebec and Ontario tied for top spot in a survey that considered the attractiveness of mining regions to investors. The survey, the fifth in as many years, was conducted by The Fraser Institute in Van…
Otish Mountains diamond play heats up
Confirmation that two “kimberlitic” discoveries in the Otish Mountains region of north-central Quebec are diamondiferous has focused attention on the area.Prior to the Christmas holidays, Ashton Minin…
Daily Metal Prices (January 07, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 1Dec. 31Dec. 28Dec. 27Dec. 26Aluminium…
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…
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…
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…
Stainless watches gain market share
Despite the popularity of electronic watches and the prediction that they would completely replace traditional mechanical watches, the latter have survived and are making a strong comeback, especially…
Coronation Bay a hot spot for diamond explorers
Although a decade has passed since diamonds were first discovered in Canada, the potential for further discoveries has not yet diminished, as evidenced by the success of Ashton Mining of Canada (ACA-T…
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…
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…