LME Warehouse Levels (July 28, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 22 (change from July 15 in brackets):MetalStock(tonnes)ChangeAluminium1289825(+3…
Articles by Northern Miner Staff
South Atlantic buys stake in Arctic Platinum
Vancouver — South Atlantic Ventures (SAA-V) will pay US$23 million in cash and US$8 million in shares for Outokumpu’s 49% interest in the Arctic Platinum partnership (APP), an exploration project in …
Band-Ore tests Thorne anomalies
Drilling by Band-Ore Resources (BAN-T) has returned more anomalous values from the Thorne gold project near Timmins, Ont.The Burlington-based junior recently sank 12 holes to follow up on an earlier c…
Exchange Rates (July 28, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 22July 21July 18July 17July 16US$ in C$1.41161.40521.41141.3…
Producer and Dealer Prices (July 28, 2003)
Antimony: Mid-mkt US$2,380/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$10.10-11.00/lb.Copper: Comex Sept. US$0.7725/lb.Indium: Indium Corp., ingot, US$140/kg.Iri…
No ‘blanket ban’ in Montana
As a reader of The Northern Miner for more than 20 years, I am aware that you strive for accurate reporting. However, your article on Profile Resources’ Waseka Mill (T.N.M., June 9-15/03) contains an …
Amerigo closes Chilean copper deal
Vancouver-based junior Amerigo Resources (ARG-V) has acquired Chilean copper producer Minera Valle Central (MVC) for US$20 million.Amerigo paid US$16.6 million on closing; the balance is due in 3-5 ye…
Lassonde to head Quebec conference
Pierre Lassonde, president of Newmont Mining and arguably the most successful Quebec native in the gold industry, will be the honourary president of the inaugural Quebec Exploration 2003 conference, t…
Canadian Stock Exchange Indices (July 28, 2003)
DateJuly 22July 21July 18July 17July 16HighLowTSX Composite7185.18…
Rio Tinto, BP unload Kaltim
The biggest deal of the period was the proposed sale by Rio Tinto and BP of their 50-50 Indonesian joint venture, PT Kaltim Prima Coal, to Jakarta-listed Bumi Resources for US$500 million in cash and …
Suppliers Roundup (July 28, 2003)
Aussie miner buys concentratorGiants Reef Mining, based in Western Australia, has purchased a Knelson concentrator built by Australian engineering firm ConSep, under licence by Langley, B.C.-based Kne…
Noranda faces pension suit
A class action suit against Toronto-based Noranda will proceed after a Quebec Superior Court authorized legal action in a disagreement over interpretations of the company’s pension plan.Montreal law f…