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…
News
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…
Kirkland Lake cuts porphyry south of Main Break
Underground drilling by Kirkland Lake Gold (KGI-T) has turned up three new gold prospects at the Macassa mine in northern Ontario. All lie south of the 4700 level and were cut by hole 47-994B.The firs…
TNM launches online job board
The Northern Miner has launched an online job board exclusive to the mining industry. The website, northernminerjobs.com, promises to match job seekers with companies looking for personnel.Job seekers…
GlobeStar eyes $5m for Maimon
GlobeStar Mining (GMI-V) has inked a deal with Canaccord Capital and Dundee Securities to raise $5 million for its advanced Cerro de Maimon copper-gold project in the Dominican Republic.Under the deal…
That Old Economy feeling
A funny little application on the Internet lets you roll your cursor arrow over a graph; as you do that, four caricature figures, meant to be economists, follow your every move.The point of the joke i…
Daily Metal Prices (November 17, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 11Nov. 10Nov. 7Nov. 6Nov. 5Nov. 4Al Alloy…
TSE slides as precious metals fly
Except for the last day, buyers outpaced sellers over the Nov. 5-11 report period, but not enough to overcome last minute profit-taking. The Toronto Stock Exchange composite index finished the period …