Australian Solomons’ Drive to Bring Back Gold Ridge
Tsunamis and civil wars are just some of the problems that could hinder the development of a mine in a tropical paradise like the Solomon Islands.
News
Toronto Stock Exchange August 14-20
The outlook on Bay Street continued to be grim over the Aug. 14-20 trading period. The TSX Composite Index fell another 317.11 points to 13,110.34 for the period, as word that the U.S. subprime mortga…
Agnico-Eagle to move ahead with Pinos Altos
Sean Boyd, vice-chairman and chief executive of Agnico-Eagle Mines (AEM-T, AEM-N) is feeling pretty chuffed these days.
Jinshan achieves producer status
Vancouver — Jinshan Gold Mines (JIN-T, JINFF-O) has started commercial production at its Chang Shan Hao (CSH 217) open-pit gold mine in the Inner Mongolia region of northern China.
Daily Metal Prices (August 27, 2007)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Producer and Dealer Prices (August 27, 2007)
Antimony : Mid-mkt US$5,470/t.
Getting in Early: Pebble Creek Mining
Pebble Creek Mining (PEB-V) of Vancouver is banking on becoming the first foreign company and the first private-sector company to start up a new precious and base metals mine in India in more than fif…
Highland sells loss-making Darasun mine
Highland Gold Mining (HGM-L) has sold its unprofitable Darasun mine in eastern Russia to a private mining company, Yuzhuralzoloto (Southern Urals Gold), for US$25 million.
U.S. Markets August 14-20
While earlier in the week, Wall Street was pondering how un-gentle the chairman of the Federal Reserve Bank, Ben Bernanke, could really be, the single most important figure on the U.S. financial scene…
TSX Venture Exchange August 14-20
Market mayhem hit the S&P-TSX Venture Composite Index over the Aug. 14-20 trading session, with the junior board falling 11.6% to finish the week off 334.43 points lower at 2,548.45. On Aug. 16, t…
Water Issues of Rising Concern for Mining in Australia
Special to the Northern Miner
Teck Cominco and the Big Payout
Kalgoorlie, Western Australia — Executives of Teck Cominco (TCK.B-T, TCK-N) virtually sat on the doorstep of Rudi Gomez’s suburban residence in Adelaide to ensure a deal would be struck with this eng…