Exchange Rates (December 15, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 9Dec. 8Dec. 5Dec. 4Dec. 3US$ in C$1.30921.29631.30451.3122…
Articles by Northern Miner Staff
LME Warehouse Levels (December 15, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 9 (change from Dec. 2 in brackets):MetalStock(tonnes)ChangeAluminium1401275(+642…
BHP Billiton to sell stake in Highland Valley
Vancouver — BHP Billiton (BHP-N) has inked a deal with privately owned Quadra Mining to sell its 33.6% stake in the Highland Valley Copper mine, in British Columbia, as well as its 100% interest in t…
Inmet’s Cayeli back on track
Cayeli, Turkey — Now that areas affected by last year’s cave-in have been fully rehabilitated and repaired, the Cayeli underground copper-zinc mine in Turkey is experiencing high production rates.The…
Stornoway reports strong microdiamond count
Summer drilling on the AV-1 kimberlite showing on the Melville Peninsula in eastern Nunavut has returned highly significant microdiamond counts showing good potential for larger, commercial-size stone…
Nevsun hits new zone at Bisha (December 15, 2003)
Drilling at the Bisha project in Eritrea has led to the discovery of a new massive sulphide zone, reports Nevsun Resources (NSU-T).The so-called NW zone was intersected in six holes collared on three …
Metals Commentary: Barrick’s hedging moratorium explained
The recent announcement by Barrick Gold (ABX-T) Chairman Peter Munk that the company will not consider further forward sales of gold over the next 10 years nor roll any of its hedge contracts forward …
BHP Billiton axes quarterly reports
Melbourne-based BHP Billiton will no longer publish quarterly financial results.Instead, the company will only issue quarterly reports on production, exploration and development, in accordance with th…
Web-based system wins award
CLAIMaps, an online mining information system developed by the Ontario government, has won a Canadian Information Productivity Award. The award was presented recently in Toronto.Created by the Ministr…
Tahera, Kitikmeot reach pact
Following a long series of negotiations, Tahera (TAH-T) and the Kitikmeot Inuit Association have reached an agreement-in-principle regarding local benefits from Tahera’s Jericho diamond project in Nun…
Canadian Stock Exchange Indices (December 15, 2003)
DateDec. 9Dec. 8Dec. 5Dec. 4Dec. 3HighLowTSX Composite7975.947990.777990.287880.507959.887997.666204.94TSX Metals & Mining212.19210.99209.84193.16205.10210.99115.38TSX Gold231.81…
Gold stocks down as bullion rises
This was a week of mainly sideways motion in the U.S. equity markets, with the Dow Jones Industrial Average rising 69.78 points to 9,923.42, as the Standard & Poor’s 500 Index fell 6.44 points to 1,06…