Changes in the cobalt market
In the past 25 years, there have been numerous major changes in the cobalt market. Prior to 1978, cobalt was almost exclusively supplied from Zaire (now the Democratic Republic of Congo) and Zambia as…
News
Canico releases Ona results
Vancouver — Canico Resource (CNI-V) has tabled results from the first 77 holes of an ongoing drill program at the Ona-Puma nickel laterite project in Brazil’s Para state.Nickel assays are in line wi…
Goldcorp funds juniors
Candente Resource (DNT-V) has closed a $1-million financing with Goldcorp (G-T) as a first step toward collaborating on grassroots gold exploration in Newfoundland.The non-brokered private placement c…
FNX, Dynatec table McCreedy West resource (March 03, 2003)
With production scheduled to begin in weeks, partners FNX Mining (FNX-T) and Dynatec (DY-T) have tabled resource estimates for five of seven deposits at the McCreedy West mine in Sudbury, Ont.Measured…
PEOPLE (March 03, 2003)
Canadian Copper and Brass Development Association — Stephen Knapp appointed executive director, succeeding Arnold Knapp, who is retiring.Dios Exploration — Claude Britt appointed to board of directo…
Band-Ore finds more gold
A 6-hole drill program by Band-Ore Resources (BAN-T) at its Thorne property, west of Timmins, Ont., has found low-grade gold mineralization in previously untested areas south of the Main zone.Two hole…
OGS book focuses on Sudbury
A book on geotechnics published by the Ontario Geological Survey is designed to assist city planners in Sudbury.The Physical Environment of the City of Greater Sudbury is the first publication to desc…
De Beers processes Fort la Corne sample
Vancouver — Kensington Resources (KRT-V) reports that Anglo American’s (AAUK-Q) diamond unit, De Beers Canada Exploration, has completed heavy mineral separation on a mini-bulk sample taken last year…
Harmony targets Australia’s Abelle
South Africa’s third-largest gold producer, Harmony Gold Mining (HMY-N), has launched an A75-per-share bid for all the shares of Perth, Australia-based Abelle.The offer represents a 14% premium over …
Afton moves to prefeasibility
Vancouver — DRC Resources (DRC-T) has hired Vancouver-based Behre Dolbear & Co. to perform a prefeasibility study of the Afton copper-gold project, near Kamloops, B.C.The study will focus on the mine…
LME Warehouse Levels (March 03, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 25 (change from Feb. 18 in brackets):MetalStock(Tonnes)ChangeAluminium1227800…
Aur tackles debt as earnings shrink
Despite higher mine production and stronger copper prices, Aur Resources (AUR-T) watched its profits wither in the fourth quarter of 2002.The company earned US$1.9 million (or US2 per share) on reven…