Tournigan steps closer to pot of gold (August 02, 2004)
Vancouver —
News
KEGS Foundation awards 7 scholarships
The directors of the KEGS Foundation, an offshoot of the Canadian Exploration Geophysicists Society, have awarded scholarships to seven undergraduate students in geophysics at four Canadian universities.
Drilling by Stikine hits ‘marker’ horizon
Vancouver — Deep drilling by
Lax safety standards cause death: report
A report from the U.S. Mine Safety and Health Administration says sloppy safety practices contributed to the death of Gary Keeton, 57, at the No. 7 coal mine in Brookwood, Ala. The mine is operated by Jim Walter Resources, a subsidiary of Tampa, F…
Dia Bras options Mexican project
Vancouver — Through an option agreement, Montreal-based
UN says Congo mine poses health risk
United Nations investigators say illicit mining at the Shinkolobwe uranium mine in east Congo is putting thousands of locals at risk of contracting cancer because of high radiation levels. They also warn that the nuclear ore, if left unpoliced, co…
Alcoa boosts output at smelter
Alcoa Aluminio, a wholly owned Brazilian subsidiary of Pittsburgh-based Alcoa, plans to boost its share of aluminum capacity by 30%, or 63,000 tonnes per year, at the Sao Luis (Alumar) aluminum smelter in Brazil.
Solid grades at Sa Perrima
Vancouver — Drill core from the Sa Perrima deposit at the Furtei property on the island of Sardinia has yielded encouraging grades, and results suggest the high-grade mineralization is open to the north.
Spot Prices Tuesday, July 27, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)Change…
LME Warehouse Levels (August 02, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 27 (change from July 21 in brackets):…
Exchange Rates (August 02, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)…
Mining stocks weaken
U.S. stock markets edged lower in the reporting period July 21-27, and for the most part mining equities — in both precious and base metals — edged along with them. The Dow Jones Industrial Average was off 0.6%, falling 63.93 points to 10,085.14…