Diavik team wins award
The federal team responsible for the overall review and water-licence process at the Diavik diamond mine, near Yellowkife, N.W.T., has been awarded for its efforts.The award, presented by the Treasury…
News
The Northern Miner — North American Mining Index (July 09, 2001)
68.39 (-2.38)(Sept. 30/98 = 100)…
Making money in commodities
We learn from the wire services that the Johns Manville Personal Injury Settlement Trust, a fund set up after the 1982 bankruptcy of that departed asbestos manufacturer, has abandoned a lawsuit agains…
Study shows gold’s importance
Gold production is giving a major boost to the economic development of several Latin American countries, according to a report published by the World Gold Council.Latin American nations produced about…
Exchange Rates (July 09, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 3July 2June 29June 28June 27US$ in C$1.5124Holiday1.51771.52…
America Mineral Fields improves terms
A company held equally by America Mineral Fields (AMZ-T) and Anglo American (AUK-Q) has renegotiated the terms of an agreement to develop and own 60% of the Kolwezi copper-cobalt tailings project in t…
Spot Prices Wed. July 4, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$267.60-$8.40Silver$ 4.27-$0.08Platinum$559.00-$…
CDNX enters summer doldrums
Canada’s junior exchange emerged from the Dominion Day weekend in a sour mood. The Canadian Venture Exchange composite index dropped 32.61 points, or 1%, to finish the week ended July 3 at 3,198.32. T…
LME Warehouse Levels (July 09, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 3/01 (change from June 26 in brackets):MetalStock (tonnes)ChangeAluminium626275(…
CIM seeks comments on valuation code
An outgrowth of the 1999 report of the Mining Standards Task Force, which tightened reporting requirements for mineral exploration companies listed on Canadian exchanges, is a greater concern over the…
GOLD FUNDS (July 09, 2001)
Gold Funds as of June 21, 2001Dundee Precious MetalsCentral FundNet Value$13.63$5.16Price$9.90$5.00…
Producer and Dealer Prices (July 09, 2001)
Antimony: Mid-mkt US$1,110/t.Bismuth: Mid-mkt US$3.75/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$9.40-11.50/lb.Copper: Comex Sept. US$0.714/lb.