Ghana ponders dropping Ashanti’s “golden share”
Denver — Ghana’s Mining Commission has recommended that the government reduce its involvement in the gold industry, by scrapping state participation in mining operations and dropping its “golden shar…
News
Odds ‘n’ sods: A multi-purpose shaft
The late, great prospector John “Scotty” Skodusky of Margaree of Cape Breton Island, N.S., was a dreamer.The first day I met Skodusky, in 1961, I was still a geological sprout. I phoned him and mentio…
South Africa’s unions set to strike
The National Union of Mineworkers (NUM), the largest mining union in South Africa, and the country’s Chamber of Mines, which represents most big mining companies, are burning the midnight oil in hopes…
PEOPLE (July 23, 2001)
African Metals — Michael Bolton appointed director.Cambior — Bryan Coates appointed VP finance and CFO.Crystallex — Daniel Ross appointed executive VP corporate counsel and secretary.
***** New Story***** (July 23, 2001)
Exchange RatesCANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 17July 16July 13July 12…
Spot Prices Wed. July 18, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$268.10+$1.55Silver$ 4.24-$0.02Platinum$524.00-$…
First Quantum refinances Bwana Mkubwa (July 23, 2001)
Vancouver-based First Quantum Minerals (FM-T) has borrowed US$14.2 million from KBC Bank to refinance and possibly expand its Bwana Mkubwa copper tailings recovery project in Zambia.The debt facility,…
Gold Funds (July 23, 2001)
Gold Funds as of July 12, 2001Dundee Precious MetalsCentral FundNet Value$13.60$5.12Price$9.95$4.84…
Producer and Dealer Prices (July 23, 2001)
Antimony: Mid-mkt US$1,070/t.Bismuth: Mid-mkt US$3.75/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$9.20-10.00/lb.Copper: Comex Sept. US$0.719/lb.Indium: In…
Staff Investment Policy (July 23, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Lead prices buck downward trend
Lead was the only base metal on the London Metal Exchange (LME) to register an improvement in prices during the report period July 9-13. The average cash price moved up 3.3%, while the rest of the bas…
Wolfden drills High Lake
Infill drilling by Wolfden Resources (YWO-V) at the High Lake copper-zinc deposit in Nunavut has returned high copper grades.Four holes were recently completed on the deposit, about 500 km northeast o…