Latest Tirisano auction a hit (April 21, 2003)
The latest parcel of diamonds pulled from a test panel dug at the Tirisano alluvial diamond mine in South Africa has fetched more than was expected, lending further support to the revenue projections …
News
Hushovd cleans house at Gabriel
Four key officers of Gabriel Resources (GBU-T) have simultaneously tendered their resignations, all citing “personal reasons” for their decisions.Leaving are: Robin Hickson, president and CEO (who had…
Mining town fails to sell in online auction
A 150-acre former mining town on Route 66 in southern California’s Mojave Desert failed to sell after a month-long auction on e-Bay, the online marketplace.Bidding on the town, known as Amboy, ended i…
Filled up to here in California
A bill recently signed into law by Governor Gray Davis, and policies put into place by state regulators at the governor’s instance, probably have marked California as another jurisdiction hostile to m…
Placer Dome gives nod to Getchell project
Vancouver — Placer Dome (PDG-T) is preparing to start up the Turquoise Ridge gold mine, part of the Getchell project in northwestern Nevada’s Humboldt Cty.The daily milling rate is projected to be 1,…
Ashton, Soquem unearth more kimberlite
With spring break-up fast approaching in the Otish Mountains region of north-central Quebec, Ashton Mining of Canada (ACA-T) and provincially owned Soquem have uncovered another small kimberlitic body…
Northern Orion dilutes self for Alumbrera purchase
Northern Orion Explorations (NNO-T) is cranking up the printing press to fund its partial acquisition of the Bajo de la Alumbrera gold-copper mine in Argentina.The Vancouver-based junior recently team…
Peru grants extension to Manhattan Minerals
Vancouver — The Peruvian government has granted Manhattan Minerals (MAN-T) a one-year extension to its option agreement over the Tambo Grande concessions.The deal gives the company until May 31, 2004…
China’s gold trade
The People’s Bank of China has removed all barriers to gold licensing for the manufacture, distribution and retailing of gold products. The move is a significant step towards liberalizing the gold mar…
Lending Rates (April 21, 2003)
as of 4 pm ET, Apr. 15, 2003(%)Bank of Canada3.50Canadian Prime5.00U.S. Discount Primary2.25U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.32LIBOR US$ 6-month1.33LIBOR US$ 1-year1.44Gold …
Exchange Rates (April 21, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 15April 14April 11April 10April 9US$ in C$1.45151.45321.4516…
LME Warehouse Levels (April 21, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 15 (change from April 8 in brackets):MetalStock(tonnes)ChangeAluminium1221850(-…