Orezone cuts prospect at Essakan
Ongoing rapid-air-blast drilling by Orezone Resources (ORZ-T) has turned up a new gold prospect at the Essakan property in Burkina Faso, West Africa.The prospect, which overlies the Soka gold anomaly,…
News
Bendigo moves to plan B
Australian-based Bendigo Mining is seeking alternative financing arrangements for its New Bendigo project under the assumption that the 360 million options it granted to Harmony Gold (hmy-n) will not …
Lending Rates (November 17, 2003)
as of 4 pm ET, Nov. 11, 2003(%)Bank of Canada3.00Target overnight rate2.75Canadian Prime4.50U.S. Discount Primary2.00U.S. Fed Funds market rate1.00U.S. Prime4.00LIBOR US$ 3-month1.18LIBOR US$ …
Northern Miner Indices (November 17, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T17.1%CamecoCCO-T3.3%FalconbridgeFL-T5.0%Freeport McM BFCX-N8.2%GoldcorpG-T4.3%IncoN-T8.7%Kinross GoldK-T4.3%Newmont MiningNEM…
Canadian Stock Exchange Indices (November 17, 2003)
DateNov. 10Nov. 7Nov. 6Nov. 5Nov. 4HighLowTSX Composite7815.46…
Producer and Dealer Prices (November 17, 2003)
Antimony: Mid-mkt US$2,050/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$11.60-13.50/lb.Copper: Comex Dec. US$0.9445/lb.Indium: Indium Corp., ingot, US$265/kg.Irid…
Canada leads way as exploration spending rises
Worldwide spending on mineral exploration has increased for the first time since its peak in 1997, according to the Metals Economics Group (MEG).The recent edition of the group’s Corporate Exploration…
Grasberg update will affect copper markets
The key event in recent base metals markets is Freeport-McMoRan Copper & Gold’s (FCX-N) update on the status of its recovery efforts from the landslide at its Grasberg mine in Indonesia.Some of the mi…
Red Back gains Canadian listing
A merger agreement between Australian-listed Red Back Mining and Vancouver-based Champion Resources (CHA-V) will give Red Back a long-sought foothold in Canadian capital markets.The deal will see Cham…
Bolnisi breaks camp at Ocampo gold project
Months after reconfirming its commitment, Australian-based Bolnisi Gold has decided to pull out of the Ocampo joint venture with Gammon Lake Resources (GAM-T) in return for US$5 million.In early June,…
First Quantum cuts more copper oxides in Congo (November 17, 2003)
First Quantum Minerals (FM-T) has pulled more long intersections of copper-bearing oxides and sulphides from its newly discovered Lufua zone in the Democratic Republic of Congo’s Katanga province.The …
Exchange Rates (November 17, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 10Nov. 7Nov. 6Nov. 5Nov. 4US$ in C$1.31061.32371.33591.3313…