Jaguar poised to revive Guatemalan nickel
El Estor, Guatemala — If you’re a mining industry professional or an investor looking to get in almost on the ground floor of something big, take a look at what Jaguar Nickel (JNI-T) is up to here in…
News
BRT fails to yield base metals for Roca Mines
Vancouver — The 7-hole program cut a thick sequence of the favourable felsic unit, but only sporadic gold values were encountered. Hole 11, which tested the stratigraphy immediately downdip and north…
Sandvik to outsource jobs
Sandvik plans to sub-contract its service operations to outside businesses in an effort to cut costs.The areas of the company most likely to be affected include building construction and facilities ma…
LME Warehouse Levels (October 20, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 13 (change from Oct. 6 in brackets):Aluminium1369375(-3200)Aluminium Alloy51740(…
Canadian Stock Exchange Indices (October 20, 2003)
DateOct. 13Oct. 10Oct. 9Oct. 8Oct. 7HighLowTSX CompositeHoliday7633.617604.497569.307561…
The Northern Miner Indices (October 20, 2003)
North American Mining: 92.44 (+5.07)Small Producers: 86.86 (+6.04)(Sept. 30/98 = 100)…
Producer and Dealer Prices (October 20, 2003)
Antimony: Mid-mkt US$2,250/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$9.95-12.00/lb.Copper: Comex Dec. US$0.8635/lb.Indium: Indium Corp., ingot, US$180/kg.Iridi…
Lending Rates (October 20, 2003)
as of 4 pm ET, Oct. 14, 2003(%)Bank of Canada3.00Target overnight rate2.75Canadian Prime4.50U.S. Discount Primary2.00U.S. Fed Funds market rate1.00U.S. Prime4.00LIBOR US$ 3-month1.15LIBOR US$ …
Early drilling positive at El Aguila
Initial drilling by Canyon Resources (CAU-X) at the El Aguila property in Oaxaca state, Mexico, has encountered near-surface gold and silver mineralization.Canyon, earning a 50% interest in the proper…
Metals Commentary: The outlook for precious metals
Since the mid-summer, gold prices have surged back towards the 7-year highs of US$389 per oz., set in February of this year. Indeed, the afternoon fix on Sept 9. actually surpassed the February high (…
Noranda sells 12-year notes
Mining conglomerate Noranda (NRD-T) intends to sell US$350 million worth of unsecured debentures in order to repay existing notes.Net proceeds are mainly earmarked for US$300 million worth of existing…
Major slippage at Grasberg
The biggest news during the report period ended Oct. 14 was a major rockfall at Freeport-McMoRan Copper & Gold’s 90.6%-owned Grasberg open-pit mine in Indonesia. Two employees are known to be dead, si…