2003

Odyssey renews Altintepe drilling (August 11, 2003)

Odyssey Resources (ODX-V) has resumed drilling at the Altintepe gold project in north-central Turkey.The current work is focused on the Seyliktepe and Karakis areas, where 500-700 metres are planned. …


An aerial view in 1949 of the camps at the Giant gold mine, on the northern shore of Great Slave Lake, near Yellowknife, N.W.T. That year, 77,340 tons of ore were milled with an average headgrade of 0.8 oz. gold per tonne. Total production was worth $2.1 million. From 1947 to 1997 the mine produced almost 15 million oz. gold.

Gov’t proposes deep-freeze at Giant

After 10 years of engineering studies, the federal government has proposed freezing 237,000 tonnes of arsenic sitting in numerous underground chambers at the former Giant gold mine, near Yellowknife, …


Southern Peru exec appointed to gov’t post

Hans Flury, director of Southern Peru Copper, has become the country’s minister of energy and mines. He replaces Jaime Quijandria, who had held the office for two years.Flury, a corporate lawyer, is a…


Rally stalls

U.S. markets backed off the summer rally during the reporting period July 30-August 5, with the Dow Jones Industrial Average sliding 168.14 points to close at 9,036.32.It wasn’t a bad five days for th…


Aquiline sums up Calcatreu

With the final drill results now in hand, Aquiline Resources (AQI-V) has begun an independent resource estimate of the Calcatreu gold project in Argentina.The study, which will incorporate historic an…


Producer and Dealer Prices (August 11, 2003)

Antimony: Mid-mkt US$2,300/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$9.95-10.30/lb.Copper: Comex Sept. US$0.8085/lb.Indium: Indium Corp., ingot, US$180/kg.Irid…


Richmont buys into Patricia

Small gold producer Richmont Mines (RIC-T) is investing $1 million in Toronto-based junior Patricia Mining (PAT-V) in order to help the latter advance its wholly owned Island Gold project, near Wawa, …


People (August 11, 2003)

Alcoa — Rudolph Huber appointed VP Alcoa Global Businesses and chief information officer.Atrix Labs — Mark Wallace appointed CFO.Desert Mining — Gabriel Holt appointed to board and as…


A view of Almazy Rossii Sakha's (Alrosa's) gargantuan Udachnaya open-pit diamond mine in Russia's Sakha Republic, also known as Yakutia.

De Beers boasts strong first half

Although the De Beers name is inevitably associated with polished diamonds and diamond jewelry, its core business remains the exploration for, and mining and marketing of, rough diamond gems.In 2002, …


Chinese demand buoys aluminum market

(The following excerpt from The Commodity Refiner, a monthly publication of Barclays Capital Research, provides an overview of the current aluminum market.)Primary aluminum prices continue to perform …



Daily Metal Prices (August 11, 2003)

BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAug. 5Aug. 4Aug. 1July 31July 30Al Alloy1365/1370…


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