Spot Prices Wednesday August 13, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$356.00+3.35Silver$4.87-0.06Platinum$688.00+4.00P…
Articles by Northern Miner Staff
Producer and Dealer Prices (August 18, 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$0.7890/lb.Indium: Indium Corp., ingot, US$180/kg.Irid…
Ivanhoe looks to China to unlock Gobi treasure
The ever-growing Turquoise Hill copper-gold discovery, deep in Mongolia’s South Gobi desert, is on the doorstep of a country that now consumes more copper and more steel than any other region in the w…
Canpotex strikes Chinese potash deal (August 18, 2003)
The North American potash partnership Canpotex will supply Saskatchewan potash to China’s largest potash importer, China National Chemicals Import & Export Corporation (Sinochem).Under a memorandum of…
Ashanti bidders rebound
Mid-tier producer Randgold Resources made headlines during the week ending Aug. 12 by topping AngloGold’s bid for Ashanti Goldfields by about US$100 million. Randgold is offering one of its own…
The Northern Miner Indices (August 18, 2003)
North American Mining: 83.43 (+2.31)Small Producers: 86.36 (+3.91)(Sept. 30/98 = 100)…
Rock Creek shaping up for NovaGold (August 18, 2003)
Vancouver — NovaGold Resources (NRI-T) has tabled a positive scoping study of the Rock Creek project, near Nome, Alaska.Early this year, NovaGold accelerated its evaluation of the project after Place…
Dynatec, Phelps Dodge to try Madagascar laterite bet (August 18, 2003)
Mining-contractor-turned-miner Dynatec (DY-T) has taken an option to earn a 53% interest in the Ambatovy nickel laterite project in Madagascar from Phelps Dodge (PD-N).Dynatec, which absorbed the tech…
Financings the fashion on TSX
The Toronto Stock Exchange composite index regained lost ground, and then some, ending the Aug. 6-12 report period 214.96 points higher at 7,354.02.The surge was powered by gold, which jumped US$8.10 …
Silver price hits high in July
In late July, the silver price closed at US$5.19 per oz. on New York’s Commodities Exchange (Comex) — the highest spot price recorded in more than three years.The significant increase reflects a posi…
Goldbrook expands in Ungava region
Vancouver — Junior Goldbrook Ventures (GBK-V) has added ground to its promising portfolio of projects in the Ungava region of Quebec.The Michael Magrum-led company inked two deals, one with Inlet Res…
Gold Fields takes out Arctic Platinum (August 18, 2003)
Vancouver — South Africa’s second-largest gold producer has acquired Outokumpu’s 49% stake in the Arctic platinum project in northern Finland.Gold Fields (GFI-N), which already owns 51% of the projec…