News

Aker Kvaerner wins contract…

London-based Barclays Capital, the investment banking division of Barclays, has begun taking part in London’s gold fixing sessions after purchasing a vacant seat on the London Gold Market Fixing board from investment banker NM Rothschild and Sons.

Today, funds play an important part in trading activity at all major metals exchanges. A common view is that investment funds dominate metal price movements and that physical developments are largely irrelevant. While this would concern commodity…

Vancouver — Shareholders of Southwestern Resources (SWG-T) have approved a 2-for-1 share split.

The rise in gold prices above US$350 per oz. in 2003 set in motion a wave of mine development projects around the world. However, in a recent report, gold analysts Barry Allen and Sheldon Yip of Toronto-based Research Capital warn that investors i…

Americana Gold and Diamond Holdings — Daniele Forigo appointed president; David Bending resigned as president.

Vancouver — Mano River Resources (MNO-V) and Golden Star Resources (GSC-T) have cut impressive gold intercepts at their jointly held Yirisen project in central Sierra Leone.

Vancouver — Diamond drilling by Lumina Copper (LUM-V) has intersected wide intervals of copper mineralization on the Regalito project in central Chile.

Diamond explorers are returning to Sierra Leone and neighbouring West African countries amid signs that political stability is taking hold in the region after years of civil war.

After enjoying success in the Northwest Territories, some members of the original Snap Lake discovery team formed Nordic Diamonds (NDL-V) and began exploring Scandinavia in search of diamonds.

Vancouver-based DiamondWorks was one of the more controversial diamond producers of the late 1990s, operating two rich mines in Sierra Leone and Angola until both operations were overwhelmed by civil strife and the company was pushed to the edge o…