Diavik diamonds command a premium for Aber
The first stones recovered from Canada’s $1.3-billion Diavik complex in the Northwest Territories have been sold at prices exceeding expectations.In April, Aber Diamond (ABZ-T) reported its first parc…
Articles by Northern Miner Staff
The Northern Miner Indices (June 23, 2003)
North American Mining: 76.06 (+3.72)Small Producers: 71.33 (+4.40)(Sept. 30/98 = 100)…
Tournigan tests Irish prospect
Vancouver — Junior Tournigan Gold (TVC-V) has launched a 5-hole drill program on the Glenlark prospect, part of the Tyrone project in Northern Ireland.Glenlark is marked by stratabound gold-silver-zi…
Rio Narcea gets nod at Aguablanca
Rio Narcea Gold Mines (RNG-T) is stepping up construction at its Aguablanca nickel-copper-PGM project in southwestern Spain following governmental approval of the environmental impact assessment.Capit…
Spot Prices Wednesday June 18, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$361.25+7.10Silver$4.57+0.06Platinum$662.00+7.00P…
Lac de Gras work fails to find source
Drilling on a property held by Geodex Minerals (GXM-V) in the Lac de Gras region of the Northwest Territories has determined that a prominent circular magnetic feature was not caused by a kimberlite i…
Exchange Rates (June 23, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 17June 16June 13June 12June 11US$ in C$1.33961.33921.33611.3…
Producer and Dealer Prices (June 23, 2003)
Antimony: Mid-mkt US$2,570/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$9.70-10.25/lb.Copper: Comex July US$0.7810/lb.Indium: Indium Corp., ingot, US$140/kg.Iridi…
Canadian Stock Exchange Indices (June 23, 2003)
DateJune 17June 16June 13June 12June 11HighLowTSX Composite7121.027099.277010.557106.86…
LSE streamlines admission to AIM
The London Stock Exchange (LSE) has streamlined admission requirements to its Alternative Investment Exchange (AIM) in an effort to entice companies already listed on other exchanges to obtain a secon…
Tailings to biodiversity
A partnership between the Eastern Habitat Joint Venture (EHJV) and the Iron Ore Co. of Canada (IOC) will provide wildlife in the Wabush Lake area of Labrador with access to thousands of hectares of ne…
Xstrata gets court nod (June 23, 2003)
The Supreme Court of Queensland has approved London-listed Xstrata’s A$4.9-billion cash-and-debt takeover of Aussie miner M.I.M. Holdings.The court’s decision was late in coming, as it investigated al…