Alcoa to upgrade Baie-Comeau
Pittsburgh, Pa.-based Alcoa (AA-N) intends to spend $1 billion upgrading its smelter in Baie-Comeau, Que., to begin in late 2003.Under a deal with the Quebec government, the aluminum giant will invest…
News
Drill results augur well for DRC at Afton
Vancouver — DRC Resources (DRC-V) has tabled encouraging assay results from its Afton copper project, near Kamloops, B.C.This season’s drill program is part of a $4.7-million exploration program reco…
Nevada Star outlines target in Alaska
Vancouver — Exploration by Nevada Star Resource (NEV-V) has outlined a large massive-to-disseminated polymetallic target in the Dunite Hill (formerly Tangle-Lake) complex of its MAN project in Alaska…
Producer and Dealer Prices (December 30, 2002)
Antimony: Mid-mkt US$2,600/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.57/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.30-6.80/lb.Copper: Comex Mar US$0.7205/lb.Indium: Indi…
Eldorado cashes in
Eldorado Gold (ELD-T) has closed a $46-million financing with a syndicate of underwriters led by Yorkton Securities and including Sprott Securities, BMO Nesbitt Burns, TD Securities, National Bank Fin…
Odyssey drills Altintepe gold prospect
Vancouver — Looking to outline a bulk-mineable oxide gold system, Odyssey Resources (ODX-V) has begun diamond drilling on the Altintepe gold property, on Turkey’s Black Sea coast.Field work has ident…
Commercial-size stones envisaged for Renard 3 kimberlite
Despite its small tonnage implications, the Renard cluster of eight kimberlitic bodies in the Otish Mountains of north-central Quebec shows potential for large commercial-size diamonds at grades compa…
Kelvin yields significant diamond count
Originally discovered in the spring of 2000, about 9 km northeast of the Kennady Lake cluster in the Northwest Territories, the Kelvin kimberlite body was ignored until this year when De Beers Canada …
Spot Prices Monday December 23, 2002 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$343.90+6.85Silver$4.63+0.01Platinum$593.00-5.00P…
Canada helps fight conflict diamond trade
Companies will require government certificates to export diamonds to Canada, under new legislation in place to control the import, export and transit of rough diamonds.Bill C-14 was given royal assent…
Rio Narcea joins Outokumpu in Spain (December 30, 2002)
Rio Narcea Gold Mines (RNG-T) has agreed to a phased earn-in at Finnish-based Outokumpu’s Lugo properties in northern Spain.Rio Narcea can earn an initial half-stake in the project by spending US$1.5 …
PDAC calls for papers
The Prospectors & Developers Association of Canada is soliciting papers for the open session of its annual convention, slated for March 9-12, 2003, in Toronto.Organizers are looking for policy-related…