LME Warehouse Levels (January 19, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 12 (change from Jan. 5 in brackets):MetalStock(tonnes)ChangeAluminium1427525(+50…
Articles by Northern Miner Staff
Exchange Rates (January 19, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 13Jan. 12Jan. 9Jan. 8Jan. 7US$ in C$1.27291.27361.26921.2788…
Profit-taking grabs hold of broad market
Profit-takers went away happy as the Toronto Stock Exchange composite index dipped 24.76 points over the Jan. 7-13 report period, ending the week at 8,380.34.Gold also reversed course, retreating US$3…
Metallica Afcan reworks Sino Gold deal
Junior Afcan Mining (AFK-V) has agreed to postpone, for two years, a US$700,000 payment due to Australian-based Sino Gold. The payment had been due at the end of 2003.The deal also calls for Afcan to …
Rubicon plans extensive drilling
Vancouver — Rubicon Minerals (RMX-T) is preparing for an aggressive drill campaign at its projects in Red Lake, Ont., and Newfoundland.The junior has advanced a total of 15 projects to the drill-read…
Letter to the editor: Diamond story a ‘story’ indeed
Thanks for the interesting Odds ‘n’ Sods article about the Crater of Diamonds deposit in Arkansas (T.N.M., Dec. 26/03-Jan. 1/04). The idea of turn-of-the-century industrial sabotage by De Beers and Op…
De Beers’ Victor mired in red tape
De Beers is reassessing the proposed development schedule for the advanced-stage Victor diamond project in northern Ontario while it awaits notification from the federal government regarding scoping r…
Cdn Zinc raises funds
Vancouver – Canadian Zinc (CZN-T) has increased the company’s capital and issued additional shares in a private placement.Subsequently, Canadian Zinc’s recent private-placement financing of $6 million…
Freeport redeems notes
Freeport-McMoRan Copper & Gold (FCX-N) has eliminated US$180 million in debt through the early conversion of senior notes.In mid-2001, the copper magnate issued US$603.75 million worth of senior conve…
Newmont raises Phoenix, inks JV
Ushering in the new year with a bang, Newmont Mining (NEM-N) has begun developing the Phoenix deposit ahead of schedule.Situated in north-central Nevada, Phoenix is now slated to begin production in 2…
Fifteen Years Ago / January 1989
Barrick expands GoldstrikeToronto-based American Barrick Resources is about to embark on one of the most ambitious mine development programs ever undertaken by a Canadian gold producer.Over the next f…
Calcatreu takes shape under Aquiline
Ingenerio Jacobacci, Argentina — Results from ongoing infill drilling have convinced Aquiline Resources (AQI-V) that it will soon outline more than 1 million oz. at its Calcatreu gold-silver project,…