Sabotage
The following is an excerpt from Glitter & Greed: The Secret World of the Diamond Cartel. The author, a journalist and human rights activist, has written about De Beers Consolidated Mines for roughly …
2003
Monument Bay yields gold
Drilling by partners Bema Gold (BGO-T) and Wolfden Resources (WLF-T) has intersected two gold-mineralized shoots near the Twin Lakes West zone on the Monument Bay property, 650 km northeast of Winnipe…
Grasberg suffers second slide (December 29, 2003)
New Orleans-based Freeport-McMoRan Copper & Gold (FCX-N) has declared force majeure on deliveries of copper concentrate from the massive Grasberg copper-gold mine in Indonesia.The decision was made in…
Ghana gives nod to Newmont’s Ahafo
The Parliament of Ghana has unanimously approved a foreign investment agreement with Newmont Mining (NEM-N), paving the way for construction of the Ahafo gold project in the Brong Ahafo region.The agr…
Spot Prices Monday, Dec. 22, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$409.70+1.45Silver$5.66 +0.12Platinum$826.00-30.00…
Planet cashes up, McEwen cashes out
Vancouver — The closing of a $6-million bought-deal financing has given Goldcorp (G-T) a 13.4% equity stake in junior Planet Exploration (PXI-V).The high-grade gold miner picked up $2.5 million, or 4…
Trading Summary (December 24, 2003)
There was relatively heavy trading for a Christmas Eve, but the Toronto Stock Exchange finished a shortened trading…
Emgold tops up till
Vancouver In a unique move, Emgold Mining (EMR-V) aims to use a portion of the proceeds from a $7.5 million finan…
Kinross drops Pacific Rim stake
As expected, Kinross Gold (K-T) has sold off its entire stake in junior Pacific Rim Mining (PMU-T). The 17.6 mi…
Afcan reworks TJS deal
Junior Afcan Mining (AFK-V) has reached an agreement to postpone for two years a US$700,000 payment due to Australi…
New deal at Altonorte
Employees at Noranda’s (NRD-T) Altonorte custom copper smelter in Chile have ratified a new three-year collective a…
Trading Summary (December 23, 2003)
Toronto’s tech stocks almost single-handedly keep the broader market out of the red on Tuesday, gaining more than 6…