Etruscan raises development funds
Armed with the proceeds from a $15-million financing, Etruscan Resources (EET-T) is gearing up for a busy year at its stable of African gold and diamond projects.The company has two projects on track …
News
Producer and Dealer Prices (March 15, 2004)
Antimony: Mid-mkt US$2,840/t.Bismuth: Mid-mkt US$3.15/lb.Cadmium: Mid-mkt US$0.55/lb.Cobalt: Recent trades US$27-28/lb.Copper: Comex Mar. US$1.272/lb.Indium: Indium Corp., ingot, US$485/kg.Iridium: Mi…
LME Warehouse Levels (March 15, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 9 (change from March 2 in brackets):MetalStock(tonnes)ChangeAluminium1366225(-2…
Chinese foil industry
Enormous investment in the Chinese aluminum foil industry could change the face of the global foil market for many years to come. Chinese demand is forecast to grow by 11.1% per year from 2004 through…
Canadian Stock Exchange Indices (March 15, 2004)
DateMarch 9March 8March 5March 4March 3HighLowTSX Composite8750.318801.218845.048773.27…
Inca Pacific goes it alone at Magistral
As a result of paying US$2.1 million to a former partner, Inca Pacific Resources (IP-V) is now sole owner of the Magistral copper-molybdenum project in Ancash, Peru.The Vancouver-based junior intends …
CVG approves Las Cristinas feasibility
Toronto-based Crystallex International (KRY-T) has moved a step closer to development of Las Cristinas, a large, low-grade gold project in Venezuela’s Bolivar state.The company’s local partner, Corpor…
Dubai to open gold bourse
A gold exchange will soon open in Dubai following the announcement of the first Arab diamond exchange as part of the United Arab Emirate’s “free zone” for gold, metals and commodities.The new diamond …
Spot Prices Tuesday, March 9, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$401.20+2.60Silver$6.92 +0.06Platinum$895.00+8.00…
Chile expected to impose royalty on miners
Chilean lawmakers have sent a bill to the country’s Congress that would see a 3% royalty imposed on mining operations. The move would put an extra US$300 million a year in the government purse.The bil…
Study recommends more drilling for Pan
A preliminary scoping study has provided Castleworth Ventures (WTH-V) with a blueprint for continued advancement of its Pan gold project in Nevada’s White Pine Cty.President John Watson says the compa…
Washington deal extended
The period ended March 9 was punctuated by the European central banks’ renewal of the Washington agreement on gold sales, which had been due to expire later this year.Twelve European central banks hav…