LME Warehouse Levels (July 14, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 8 (change from July 1 in brackets):MetalStock(tonnes)ChangeAluminium1,177,750(+3…
News
Birim guts more gold in Ghana
Vancouver — A 12-hole program of reverse-circulation drilling by Birim Goldfields (BGI-T) has enhanced the economic prospects of the Mansiso target, part of the Dunkwa concession in southern Ghana.Bi…
Ashanti exec knighted
Sam Jonah, chief executive officer of Ghana-based Ashanti Goldfields, has been awarded an honourary knighthood at St. James’s Palace in London.The knighthood, which is honourary because the recipient …
Odyssey applies geological know-how in Turkey
Fatsa, Turkey — Having determined the mineral potential of its properties near this coastal town on the Black Sea, Odyssey Resources (ODX-V) is attempting to raise funding to renew drilling.The compa…
Alcan attempts takeover of Pechiney
Looking to cut costs and entrench itself in the aerospace supply industry, Montreal-based aluminum giant Alcan (AL-T) is taking another run at French rival Pechiney (PY-N) via a cash-and-stock offer t…
Placer Dome gains East African Gold Mines
Placer Dome (PDG-T) has inked share purchase agreements to acquire 98% of privately owned Australian-based East African Gold Mines, thereby securing that company’s cornerstone operation, the North Mar…
Cassidy Gold proves up Guinean deposit
Vancouver — A 6-hole drilling program by Kamloops, B.C.-based Cassidy Gold (CDY-V) has returned promising grades from the Kouroussa property in Guinea, West Africa.The project is 570 km east of the c…
Exchange Rates (July 14, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 8July 7July 4July 3July 2US$ in C$1.36911.34841.34091.3365…
Editorial Cartoon (July 14, 2003)
Producer and Dealer Prices (July 14, 2003)
Antimony: Mid-mkt US$2,380/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$10.15-11.00/lb.Copper: Comex Sept. US$0.7685/lb.Indium: Indium Corp., ingot, US$140/kg.Iri…
Good widths at Morro do Vento
The first three holes drilled by Desert Sun Mining (DSM-T) at the Morro do Vento prospect in the Jacobina area of Bahia state, Brazil, have intersected multiple zones of gold mineralization.Desert Sun…
Gold: Q1 supply and demand
Supply of gold rose by just over 4%, year over year, in the first quarter of 2003, mainly as a result of a sharp increase in scrap supply. In contrast, mine production was essentially flat, while offi…