Workshops to address cyanide
Two workshops designed to educate people about the International Cyanide Management Code have been rescheduled for Aug. 20-21 in Johannesburg, South Africa.The first workshop will explain how mining c…
News
Gabriel’s Romanian woes
Having already scrapped a $28-million bought-deal financing, Gabriel Resources (GBU-T) has nixed its backup plan to sell the 10 million shares at $2.80 apiece on a best-efforts basis.Proceeds from the…
Lending Rates (July 28, 2003)
as of 4 pm ET, July 15, 2003(%)Bank of Canada3.25Canadian Prime4.75U.S. Discount Primary2.00U.S. Fed Funds market rate1.1875U.S. Prime4.00LIBOR US$ 3-month1.11LIBOR US$ 6-month1.13LIBOR US$ 1-…
Base metal mining proves profitable
The period ended July 22 was highlighted by several positive earnings reports from some of Canada’s biggest base metals companies.Inco rose 64 to $30.09 as it announced net second-quarter earnings of…
No diamonds for Ashton at Caltha
The Caltha kimberlite, which was discovered this past spring on the Ric property in the Coronation Gulf region of Nunavut, has proved barren of diamonds.Ashton Mining of Canada (ACA-T) found the kimbe…
LME Warehouse Levels (July 28, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 22 (change from July 15 in brackets):MetalStock(tonnes)ChangeAluminium1289825(+3…
Exchange Rates (July 28, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 22July 21July 18July 17July 16US$ in C$1.41161.40521.41141.3…
Producer and Dealer Prices (July 28, 2003)
Antimony: Mid-mkt US$2,380/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$10.10-11.00/lb.Copper: Comex Sept. US$0.7725/lb.Indium: Indium Corp., ingot, US$140/kg.Iri…
WMC finds Meliadine West buyer
Australia’s WMC Resources (WMC-N) is dusting off the 4.5-million-oz. Meliadine West property in Nunavut and selling its 56% stake to Comaplex Minerals (CMF-T), a Calgary-based junior that already hold…
Golden Star to double production
Denver-based Golden Star Resources (GSC-T) expects to be pouring gold from its Wassa project, 150 km west of Accra, Ghana, in the first quarter of 2004.An independent feasibility study envisages an op…
South Atlantic buys stake in Arctic Platinum
Vancouver — South Atlantic Ventures (SAA-V) will pay US$23 million in cash and US$8 million in shares for Outokumpu’s 49% interest in the Arctic Platinum partnership (APP), an exploration project in …
No ‘blanket ban’ in Montana
As a reader of The Northern Miner for more than 20 years, I am aware that you strive for accurate reporting. However, your article on Profile Resources’ Waseka Mill (T.N.M., June 9-15/03) contains an …