De Beers hires AMEC to help with Snap Lake
De Beers Canada, a subsidiary of De Beers Consolidated Mines, has selected Toronto-based engineering firm AMEC as its construction management partner at the $300-million Snap Lake diamond project in t…
News
Spot Prices Wed. March 14, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$267.45+$5.90Silver$ 4.45+$0.03Platinum$592.00+$6.00…
Vueltas del Rio pours first gold
Denver — Geomaque Explorations (GEO-T) has poured its first gold bar at the Vueltas del Rio mine in Honduras. Since mining began in December 2000, the company found fewer tonnes at higher grades in t…
PEOPLE (March 19, 2001)
Alcan Aluminium — Travis Engen appointed president and CEO.Ashton — Alfonso Grau appointed director.Canabrava — George Read appointed VP of exploration.Cominco –…
Gold Funds (March 19, 2001)
Gold Funds as of March 8, 2001Dundee Precious MetalsCentral FundNet Value$12.81$5.28Price$7.80$4.75…
Nickel shows signs of resilience
Base metal prices on the London Metal Exchange (LME) were fairly stable during the report period March 5-9, the only exceptions being copper, which saw a gain in the weekly average cash price of 2.4%,…
Harrods launches program in Mongolia
Denver — With the backing of Egyptian financier Mohamed Al Fayed, Harrods Minerals is getting back to the basics, with a focus on grassroots exploration.The privately owned, Denver-based company has …
Metal Prices (March 19, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 13March 12March 9March 8March 7Aluminium1505/…
Miramar, Hope Bay cut new gold zone
Vancouver — Partners Miramar Mining (MAE-T) and Hope Bay Gold (HGC-T) have cut a new zone of gold mineralization west of the Madrid deposit on their Hope Bay property in Nunavut.Dubbed Naartok, the z…
Aurora bullish over Midrim results
Vancouver — Drill results from the Midrim nickel-sulphide property in Quebec continue to indicate encouraging grades for junior Aurora Platinum (ARP-V).The project is 20 km northeast of Ville-Marie, …
TVX board shrinks as Batista walks
Flamboyant Brazilian millionaire Eike Batista is resigning as chairman, chief executive officer and director of TVX Gold (TVX-T), effective April 1.Directors Nigel Lees and Ian Rugeroni are also resig…
Viceroy adds to New Morning resource
Vancouver — Junior Viceroy Resource (VOY-T) has bolstered the resource estimate at the New Morning nickel-sulphide deposit, adjacent to the company’s Bounty mine in Western Australia.Based on 2,252 m…