Higher prices offset low volumes
The report period Nov. 27-Dec. 1 saw most London Metal Exchange (LME) metals hold on to gains made late in the previous week. Nickel, aluminum and copper were the main climbers, with weekly average pr…
2000
Anaconda explores Magistral
Vancouver — Armed with a recently completed internal scoping study, Anaconda Peru, a wholly owned subsidiary of London-based Antofagasta Minerals (ANFGF-O), will continue to explore the Magistral cop…
History repeats itself in Nevada
In many respects, 1999 was a replay of 1998 for Nevada’s mineral industry. The most significant difference was that gold production fell to 8.3 million from 8.9 million oz. — the first production dec…
Naldrett a geological icon
The credit lines for the Odds ‘N’ Sods column in your Nov. 12 issue do not do justice to the author, A.J. Naldrett.The speech referred to was given at Laurentian University’s convocation ceremony, whe…
High River settles dispute
High River Gold Mines (HRG-T) has withdrawn its objection to the sale of Incanore Gold Mines, a private Canadian company, to Queenstake Resources (QRL-T).Incanore is active in Burkina Faso, West Afric…
METAL PRICES (December 11, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 5Dec. 4Dec. 1Nov. 30Nov. 29Aluminium…
Global warming, Part 2
When Maurice Strong opened Globe 2000, an environmental conference held last March in Vancouver, B.C., he urged delegates to “ignore the fear-mongers” who argue against “growing evidence and scientifi…
News – 11-DEC-00
Costs, writedown take toll on Bema
Vancouver — The triple-whammy of low gold prices, high production costs and a US$9.3-million writedown has pushed Bema Gold (BGO-T) deeper into the red.The Vancouver-based company posted a third-quar…
Virginia, Soquem test target
Drilling by partners Virginia Gold Mines (VIA-T) and Quebec government-owned Soquem has intersected nickel, copper and cobalt mineralization at the Chute-des-Passes property, 150 km north of Lac St. J…
Twin Mining proves up Torngat diamond property
Toronto-based Twin Mining (TWG-T) has pulled commercial-size stones from the diamondiferous kimberlite dykes in the Alluviaq Fjord area of the Torngat Mountains in northwestern Quebec.The Torngat prop…
Weda Bay boosts nickel-cobalt resource (December 11, 2000)
Weda Bay Minerals (WDA-T) has substantially increased the resource base at its nickel-cobalt laterite project on Halmahera island, Indonesia.Indicated resources have doubled to 133 million tonnes grad…