Inmet, Aur cancel merger
Aur Resources (AUR-T) and Inmet Mining (IMN-T) have broken off the planned merger they announced May 4.Short st…
News
Frontier Pacific acquiring Newmont’s Turkish mine
Vancouver – Frontier Pacific Mining (FRP-V) is purchasing the Ovacik gold mine in western Turkey from Newmont (NEM-…
Anaconda strikes gold (June 28, 2004)
Giant mine on last legs
After incurring significant losses in the first quarter at the flagging Giant gold mine in Yellowknife, N.W.T., and witnessing similar results in April and May, Miramar Mining has decided to close the aging operation.
Time to clean house
Canada’s national election is in the offing, and if there is no blue wave on the pattern of 1984, there is at least a ripple or two. They’re washing over Liberal hands, which are busy grasping at straws.
Mining looks good worldwide
The net profits reported by the world’s 30 largest listed mining companies increased by 95%, to US$11.5 billion from US$5.8 billion, in 2003, according to a report by PricewaterhouseCoopers.
Miners support cyanide code
Six of the world’s largest gold producers, together with three manufacturers of sodium cyanide, have pledged their commitment to the International Cyanide Management Code (Code).
People (June 28, 2004)
Peru amends royalty legislation
New royalty legislation will get the go ahead in Peru, but the percentage will be tied directly to commodity prices versus the original proposal, which called for royalties on company revenue.
Spot Prices Tuesday, June 15, 2004 Courtesy of Scotiabank (June 28, 2004)
Precious MetalsPrice (US$/oz.)Change…
LME Warehouse Levels (June 28, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 21 (change from June 14 in brackets):…
Exchange Rates (June 28, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)…