Diamond industry visits Ottawa
On March 18, members of the Canadian diamond industry will organize “Diamond Day on the Hill,” a campaign designed to underscore to the economic and social importance of diamond mining in this country…
News
Goldcorp buys into Planet
Goldcorp (G-T) has taken an 8.7% equity stake in Planet Exploration (PXI-V).Via a private placement, the gold producer purchased 1 million units of the junior at 50 apiece. A unit consists of one sha…
Barrick’s Davidson honoured for long, long career
In the late 1970s, Alex Davidson, then a student at McGill University, was attending the annual PDAC convention in Toronto when he stuck his head inside the Canadian room at the Royal York Hotel to ca…
Spot Prices Wednesday March 12, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$349.00-5.50Silver$4.67+0.01Platinum$700.00+1.00P…
GREATEST VALUE TRADED, MARCH 5-11
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N42212127.5024.6624.75-2.50…
The Northern Miner — North American Mining Index (March 17, 2003)
63.87 (-5.11)(Sept. 30/98 = 100)…
Yukon placer miners fight back (March 17, 2003)
Vancouver — A decision by the Federal Department of Fisheries and Oceans (DFO) to phase out placer mining in the Yukon has prompted a general strike in Dawson City.Local businesses shut down from 10 …
Alcoa expands aluminum plant
Alcoa has announced plans to invest $1 billion to expand one of its aluminum plants in Quebec.The Pittsburgh, Pa.-based company and the Quebec government have signed a memorandum of understanding to e…
MOST ACTIVE ISSUES, MARCH 5-11
ExchgVol(000s)HighLowCloseChangeNorthern OrionT236950.240.170.21+0.04…
Semafo sees expansion at pits in Guinea
A reassessment of the pits at the Kiniero mine in northern Guinea has boosted mineral reserves for Montreal-based Semafo (SMF-T).Based on a gold price of US$308 per oz. and updated mill recovery and m…
St. Jude sniffs gold
Drilling by St. Jude Resources (SJD-T) has confirmed the presence of gold mineralization at the Goulagou property in Burkina Faso.The Vancouver-based junior sunk nine reverse-circulation holes to subs…
Impala, Mustang sign JV
South African-based Impala Platinum (IMPAF-O)has spent a required $3.8 million on exploration to earn a 38% stake in the River Valley palladium-platinum project of Mustang Minerals (YMU-V).Situated 80…