Diamond strategy necessary
Canada’s first two diamond mines, Ekati and Diavik, are among the best in the world. In just six years, these exceptional mines have propelled Canada into third place in the world by value of rough diamond production.
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Etruscan, Semafo rev up Samira Hill
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LME Warehouse Levels (August 09, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 3 (change from July 27 in brackets):…
Viceroy ties into more Gualcamayo gold (August 09, 2004)
Vancouver — Drilling at
Alcoa closes smelter, axes 400 jobs
Owing to a labour dispute, Alcoa will eliminate 400 jobs by not reopening a 183,000-tonne-per-year aluminum smelter in Wenatchee, Wash. The plant was idled in July 2001.
US gov’t receives coal bids
The U.S. Bureau of Land Management (BLM), part of the Department of the Interior, is receiving bids from eligible companies to mine about 325 million tons of coal on federal land in Wyoming.
WMC teams with China’s Jinchuan (August 09, 2004)
The world’s third-largest nickel producer, Australia’s
Shore Gold hauls in 20-ct diamond
Vancouver — Mini-bulk sampling at
Wolfden cuts massive sulphides at High Lake West
Drilling at the High Lake West Zone base metal deposit in Nunavut have intersected wide intervals of massive sulphide mineralization.
Northgate’s profits soar
Vancouver —
Exchange Rates (August 09, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)…
Mining stocks outpace Dow
There wasn’t much motion in U.S. equity markets over the report period July 28-Aug. 3 as the major indices posted only fractional gains. But the resource sector was way ahead of the broader market, with most mining equities higher.