LME Warehouse Levels (March 01, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 24 (change from Feb. 17 in brackets):Aluminium1392875(-11500)Aluminium Alloy64840…
News
Gulf board pays fee to ousted president (March 01, 2004)
The board of Gulf International Minerals (GIM-T) plans to appoint a committee of independent directors to investigate a controversy involving its former president, Alastair Ralston-Saul.The company’s …
Hiccup at Bema’s Julietta mine
A warehouse fire has forced Bema Gold (BGO-T) to scale back mining and milling at the Julietta gold mine in Russia’s Far East.No one was hurt in the fire, which destroyed most of the operation’s spare…
Editorial Cartoon (March 01, 2004)
Copper, nickel prices robust; zinc firm but hesitant
We expect base metal prices to continue to perform strongly over the near term, even though we have already seen multi-year highs. We also believe the rising price cycle will turn after this year.In t…
De Beers, GGL confirm diamond-bearing nature of Doyle Sill
It took eight years, but De Beers Canada Exploration and GGL Diamond (GGL-V) finally returned to the Doyle Lake sill in 2003 after a federally appointed tribunal upheld an earlier 1996 decision awardi…
Spot Prices Tuesday, Feb. 24, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$401.45-12.45Silver$6.54 -0.10Platinum$858.00+1.00…
People (March 01, 2004)
Apollo Gold — Melvyn Williams appointed senior VP of finance and corporate development.Crystallex — Ron Colquhoun appointed VP of technical services; Brendan Burke appointed project manager; John Bi…
Producer and Dealer Prices (March 01, 2004)
Antimony: Mid-mkt US$2,700/t.Bismuth: Mid-mkt US$3.10/lb.Cadmium: Mid-mkt US$0.55/lb.Cobalt: Recent trades US$24-28/lb.Copper: Comex Mar. US$1.326/lb.Indium: Indium Corp., ingot, US$375/kg.Iridium: Mi…
Japan’s Jipangu drops Cambior stake
Cambior’s (CBJ-T) major shareholder, Japanese-based Jipangu, has cut its ties with the Quebec gold miner by selling 10.4 million shares.The private gold investment fund has also monetized its remainin…
Oglebay Norton files for Chapter 11
The biggest flameout during the period ending Feb. 24 was Oglebay Norton’s filing for bankruptcy protection on Feb. 23.The Cleveland-based company ships limestone, coal and iron ore on the Great Lakes…
Feasibility drilling enhances Mirador
Drilling by Corriente Resources (CTQ-T) has confirmed the presence of high-grade copper mineralization in a portion of the Mirador deposit in southeastern Ecuador.Hole M65 returned 42 metres grading 1…