Rough sales hurt by slowdown
In the first half of 2001, sales of rough gem diamonds by the Diamond Trading Co. (DTC), the marketing arm of De Beers, were hampered by a slowdown in the global economy, particularly in the U.S., whi…
Anglo American Platinum Limited
Partners hit sulphides at Boyongan
Drilling at the Boyongan copper-gold prospect in the Philippines continues to yield impressive results for partners Anglo American (AAUK-Q) and Philex Gold (PGI-V).Boyongan is part of the North projec…
Anglo finances project
A unit of Anglo American (AUUK-Q) has allocated $1.1 million for ongoing work at Karmin Exploration’s (YKA-V) Aripuana massive sulphide project in Brazil’s Mato Grosso state.Previous work focused on t…
Gold regains lost ground
Denver — The Dow Jones industrial average sunk 227.46 points, or 2%, to close at 10,948.38 for the report period ended June 12, while spot gold on the Comex division of the New York Mercantile Exchan…
HudBay explores in Nfld
A summer field program is set to begin on the Green Bay property in Newfoundland.Hudson Bay Exploration & Development, a Canadian affiliate of Anglo American (AAUK-Q), can earn an initial 60% interest…
Lisheen zinc mine approaching design levels
The owners of the Lisheen zinc-lead mine in Ireland are reaping the rewards of an action plan, implemented in the second half of last year, which sought to overcome obstacles to production.By the end …
Partners discover third PGM layer at River Valley
Drilling appears to have intersected a third mineralized horizon at the River Valley platinum group metals property in the Sudbury region of Ontario.Toronto-based Mustang Minerals (YMU-V) and its Sout…
Boyongan copper-gold discovery attracts market attention
A year or so ago, Philex Gold (PGI-V) was just another struggling producer barely noticed by investors. Although the company’s sole operation in the Philippines still isn’t turning a profit at current…
Market catches gold fever
Denver — The Dow Jones industrial average surged again after a brief respite, climbing 384.27 points, or 3.5%, to 11,257.24, its highest point in 15 months. The Nasdaq hit 2313.85.Spot gold on the Ne…
Gold weathers latest auction
Denver — The Dow Jones industrial average dipped 10.54 points, or 0.01%, to 10,872.97 for the report period ended May 15, despite a 0.5% interest rate cut by the U.S. Federal Reserve.However, spot go…
Market rally gathers steam
Denver — The Dow Jones industrial average chugged ahead, gaining 444 points, or 4.2%, in the April 25-May 1 report period to close at 10,898.34, its highest point since mid-February.Most issues were …
De Beers offer sweetened
The bid by a group led by Anglo American (AAUK-Q) to take De Beers Consolidated Mines (DBRSY-Q) private has been raised by US$2 for the benefit of minority shareholders who were holding out for a bett…