2004

Mundoro’s Maoling serves up gold

Vancouver — Little more than half a year since going public, Mundoro Mining (MUN-T) is reporting significant results from drilling at its 79%-controlled Maoling gold project in northeastern China.



Western markets beset by summer doldrums

Weakening junior market volume, coupled with a slight pull back in gold toward the session’s end, led to further softening of the TSX Venture Exchange Index. The index fell more than 32 points to close at 1527.14 during the trading period July 14-…


First Quantum active in Mauritania

Vancouver — The government of Mauritania has given its blessing for First Quantum Minerals‘ (FM-T) 80% acquisition of the Guelb Moghrein copper-gold deposit.


IOCC workers on strike

More than 1,400 workers at Iron Ore Co. of Canada (IOCC) went on strike in late July, shutting down mine production at the plant in Labrador, which supplies roughly 4% of the world’s iron pellets.


Gold Reserve boosts Brisas resource

Vancouver — A new estimate at Gold Reserve‘s (GRZ-T) Brisas project in southeastern Venezuela has increased the resource to 10.97 million oz. gold and 1.4 billion lbs. copper in the measured and indicated categories.


Osisko hits shallow gold near Chibougamau

Osisko Exploration (OSK-V) has intersected significant gold at shallow depths on the Barry gold project, 180 km southwest of Chibougamau in the Abitibi region of Quebec.




Escondida in northern Chile ranks as the world's largest copper mine, accounting for 8% of global copper output. The mine's owners are BHP Billiton (57.5%), Rio Tinto (30%), a Japanese consortium led by Mitsubishi (10%), and the World Bank's International Finance Corp. (2.5%).

Outlook for base metals

Base metal prices saw their first peak in April, and have retraced 15% since then. Before the second leg of our expected twin-price peak starts to form, we expect further price falls.


Insider Trading (July 26, 2004)

The following insider trading transactions were reported by the Ontario Securites Commission in the June and July issues of its OSC Bulletin:…


The diamond district in downtown Antwerp, Belgium.

De Beers settles US cartel charges

Diamond producer De Beers has pleaded guilty to charges under American anti-trust laws in a settlement that may allow the company to resume business in the U.S.


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