Bema looks to far-eastern Russia
With the underperforming Refugio mine in Chile about to close, Bema Gold (BGO-T) is pinning its hopes on its 79%-owned, high-grade Julietta gold-silver deposit in far-eastern Russia. The underground p…
News
South Africa should adopt free entry system
The subject of the editorial in the April 9-15 issue of The Northern Miner is the most fundamentally important issue to face the world’s mining industry in the past 30 years, yet the author never actu…
LME Warehouse Levels (May 28, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 22/01 (change from May 15 in brackets):MetalStock (tonnes)ChangeAluminium558300(+…
Gold prices move up to new range
Gold bugs enjoyed an invigorating rally in the yellow metal over the May 16-22 report period, as the London gold price broke out of a long-held, sub-US$270-per-oz. range to spend a few hours above US$…
Expatriate seeks extension
A US$5-million financing with Resource Capital Fund II has collapsed, leaving Expatriate Resources (EXR-V) unable to complete a $1-million payment to Cominco (CLT-T) that was due May 24.Expatriate has…
Too close for comfort
April was the cruelest month, and we were amid the deafening stillness that is the Ungava region in far-northern Quebec.Surrounded by desolated shores and mountains, we journeyed farther north.Left al…
Aredor closing extended
London-based Rio Tinto (RTP-N) has agreed to extend the closing date of an agreement allowing it to earn a 53% interest in the Aredor kimberlite project from Trivalence Mining (TMI-V).The potential pa…
Silver Standard hits silver zone at Aussie project
Drilling by Silver Standard Resources (SSO-V) has returned 46 metres grading 284 grams silver per tonne from the Bowdens silver deposit in New South Wales, 200 km northwest of Sydney.The junior comple…
Metal Prices (May 28, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMay 22May 21May 18May 17May 16Aluminium1538/1549…
NAP nixes extension of sales contract
North American Palladium (PDL-T), Canada’s only primary producer of platinum group metals, will not extend its long-term sales agreement with a major automotive company beyond June 30, 2005.The contra…
GREATEST VALUE TRADED, MAY 16-22
ExchgVal($000s)HighLowCloseChangeAlcoa*N113193945.7141.8043.60+1.60…
Are speculators turning positive?
Base metals prices ended the report period May 14-18 strongly, with aluminum, copper and lead prices all achieving their best closes for the past few weeks and nickel sustaining big gains achieved in …