Diamondiferous gravels outlined at Tirisano (August 25, 2003)
An independent resource update has increased the volume of diamondiferous gravels at the Tirisano mine in South Afr…
Articles by Northern Miner Staff
Diavik awarded for efficiency
The Canadian governmnet has given an award to the Diavik diamond mine in the Northwest Territories for its efficient use of energy.The energy savings resulted chiefly from a computerized employee trai…
Falco up and running after blackout
Falconbridge (FL-T) says its Ontario-based mining operations were up and running on Aug. 18, following North America’s largest-ever power outage, which began in the late afternoon of Aug. 14.The Sudbu…
Canadian Stock Exchange Indices (August 25, 2003)
DateAug. 19Aug. 18Aug. 15Aug. 14Aug. 13HighLowTSX Composite7474.917411.33n/a7393.76…
Scenes from a dark place
Readers in more civilized parts of the world are thanked for their concern. Southern Ontario has not descended into chaos. Mind you, you could be forgiven for thinking it might have, especially in vie…
LionOre posts record profit (August 25, 2003)
Vancouver — The second quarter of 2003 was a stellar one for LionOre Mining International (LIM-T), as the nickel-gold miner exceeded its production targets.LionOre earned US$11.1 million (or 7 per s…
Junior exchange buoyed by bullion
Vancouver — Canada’s junior exchange followed gold’s lead over the week ended Aug. 19. The S&P-TSX Venture Exchange composite index gained 24.78 points, or 2% of value, and closed at 1,249.73.Bishop …
The Northern Miner Indices (August 25, 2003)
North American Mining: 87.59 (+4.16)Small Producers: 88.78 (+2.42)(Sept. 30/98 = 100)…
Lending Rates (August 25, 2003)
as of 4 pm ET, Aug. 19, 2003(%)Bank of Canada3.00Canadian Prime4.75U.S. Discount Primary2.00U.S. Fed Funds market rate0.93U.S. Prime4.00LIBOR US$ 3-month1.13LIBOR US$ 6-month1.18LIBOR US$ 1-ye…
SKN eyes more ground near Boka (August 25, 2003)
Vancouver — SKN Resources (SRL-V) has added 24.6 km to its already-impressive land holdings around Southwestern Resources’ (SWG-T) Boka gold project in China’s Yunnan province.Dubbed Tuobuka, the new…
Producer and Dealer Prices (August 25, 2003)
Antimony: Mid-mkt US$2,270/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.68/lb.Cobalt: Recent trades US$9.80-11.25/lb.Copper: Comex Sept. US$0.8025/lb.Indium: Indium Corp., ingot, US$180/kg.Irid…
Bulls charge, gold bugs fly higher
The “Blackout of 2003” failed to darken the mood of investors, who pushed the Toronto Stock Exchange composite index 128.80 points higher over the Aug. 13-19 report period. The benchmark finished at 7…