Chinese demand buoys aluminum market
(The following excerpt from The Commodity Refiner, a monthly publication of Barclays Capital Research, provides an overview of the current aluminum market.)Primary aluminum prices continue to perform …
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The Northern Miner Indices (August 11, 2003)
North American Mining: 81.12 (+0.44)Small Producers: 82.45 (+1.06)(Sept. 30/98 = 100)…
Soquem drops Clearwater back-in (August 11, 2003)
Quebec government-owned Soquem has waived its back-in right to regain a 25% stake in the Clearwater gold project, in the province’s northwestern region.Last March, Soquem granted an option on half of …
Virginia, BHP renew vows
Virginia Gold Mines (VIA-T) and BHP Billiton’s (BHP-N) diamond exploration arm have signed a third agreement in as many years.The latest deal involves jointly surveying, sampling and exploring some 25…
KEGS hands out scholarships
The Canadian Exploration Geophysicists Society (KEGS) Foundation has awarded scholarships for the upcoming academic year to nine undergraduate students in geophysics at six Canadian universities.The r…
Goldcorp juggernaut keeps on rolling
Goldcorp (G-T) enjoyed another strong quarter, thanks to higher gold prices and the exceptional quality of the Red Lake mine in northwestern Ontario.Second-quarter earnings jumped 11% to US$17.8 milli…
Diadem adds to Otish Mountain portfolio
Diadem Resources (DIR-V) has agreed to acquire some 1,552 staked claims covering 810 sq. km in the Otish Mountains area of northern Quebec.While no total price tag was mentioned, Diadem said it would …
BHP Billiton to sell art collection
London-based BHP Billiton plans to auction off its extensive collection of Australian art. The auction will take place in late August in Sydney.The 300-piece collection consists of works painted after…
Southern Peru exec appointed to gov’t post
Hans Flury, director of Southern Peru Copper, has become the country’s minister of energy and mines. He replaces Jaime Quijandria, who had held the office for two years.Flury, a corporate lawyer, is a…
People (August 11, 2003)
Alcoa — Rudolph Huber appointed VP Alcoa Global Businesses and chief information officer.Atrix Labs — Mark Wallace appointed CFO.Desert Mining — Gabriel Holt appointed to board and as…
Spot Prices Wednesday August 6, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$352.65-6.45Silver$4.93-0.17Platinum$684.00-9.00P…
De Beers boasts strong first half
Although the De Beers name is inevitably associated with polished diamonds and diamond jewelry, its core business remains the exploration for, and mining and marketing of, rough diamond gems.In 2002, …