Chile tops for mining investment
For the second straight year, Chile has been selected as the most attractive region in the world for mining investment in a survey of companies conducted by the Fraser Institute.Executives from compan…
News
Nevsun tests Bisha
Although best known for its Tabakoto-Segala gold projects in the Kenieba district of Mali, Nevsun Resources (NSU-T) has launched a major drill program to advance a promising, high-grade gold and base …
Cumberland expands Meadowbank (February 09, 2004)
Convinced that the Meadowbank gold deposit is rich enough to support an open-pit mine and mill in the High Arctic region of Nunavut, Cumberland Resources (CBD-T) is advancing the project through the f…
The markets stand corrected
The shock in the bullion markets at the end of January left some people wondering if the long-awaited gold bull had met a sudden end.What caused the US$10 drop was an announcement from the Federal Ope…
LME Warehouse Levels (February 09, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 3 (change from Jan. 26 in brackets):MetalStock(tonnes)ChangeAluminium1442150(-98…
Apex raises US$161m
The report period Jan. 28-Feb. 3 may have been more remarkable for what didn’t happen than for what did. Reaction to the U.S. Federal Reserve’s Open Market Committee dominated the U.S. equity markets …
People (February 09, 2004)
Alcoa — Tomas Sigurdsson appointed managing director of Fjardaal plant in Iceland.Argosy Minerals — Peter Lloyd appointed chairman.Banro Corp. — John Clarke appointed director.
Copper Ridge funds work at Quitovac
Vancouver — Copper Ridge Explorations (KRX-V) has closed a $1.9-million short-form offering, with most of the proceeds earmarked for initial exploration of the Quitovac gold property in Mexico’s Sono…
Daily Metal Prices (February 09, 2004)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 3Feb. 2Jan. 30Jan. 29Jan. 28Al Alloy1505/1535…
Broad market recovers on buying spurt
Buyers outpaced sellers over the Jan. 28-Feb. 3 report period to push the S&P-TSX composite index up 72.55 points. The benchmark finished the week at 8,660.70.Gold had a rather bi-polar week, soaring …
Junior exchange grinds to a halt
Vancouver — Canada’s junior exchange lost ground over the week ended Feb. 3 as investors moved into tech stocks, with gold idling at US$400 per oz. The S&P-TSX Venture Exchange composite index closed…
Diamonds in Canada
The chances of finding a diamond mine in Canada are much greater than in the rest of the world, according to Robert Boyd, president and CEO of Ashton Mining of Canada, who spoke at the recent Cordille…