News

Correction (April 26, 2004)

In our March 26-April 1 issue, we incorrectly attributed an article titled “Funding for the responsible” to Abigail Tamakloe. The article was written by Rashad Kaldany, director of the Oil, Gas, Mining & Chemicals Department of the World Bank Grou…


Lowering the flag

The announcement by N.M. Rothschild & Sons, the London banking firm that has presided over the daily gold price fix since 1919, that it would withdraw from the bullion and commodity trading business in London, has shocked some in the gold business…






Chile to levy charge on mining companies

Chile will impose a charge on mining companies operating there in an effort to ensure that the country receives more benefits from its mineral wealth. The charge will be tied to companies’ sales and take into account their profits.


Gold could move higher

Economic and political instability could push gold to US$450 per oz. this year, according to a survey by London-based Gold Fields Mineral Services (GFMS).


US mining laws among most stringent

I am disappointed that your editorial staff would let slip a statement continuing the fallacious concept that U.S. mining law has remained unchanged for over a century (T.N.M., April 2-8/04).


People (April 26, 2004)

Adrian Resources — Dale McClanaghan and Michael Levy appointed to board; R. S. Angus, Chet Idziszek, J.G. Stewart, and Edward Thompson resigned as directors.


Aquiline tests Nelson system

Aquiline Resources (aqi-v) is encouraged by results from the first five holes drilled on the Nelson vein system, part of the Calcatreu gold-silver property in Argentina.


Falco’s earnings soar in Q1

Higher metal prices more than offset the effects of a 3-week strike at Falconbridge’s (FL-T) Sudbury operations and helped it post a nearly five-fold increase in earnings during the first quarter.


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