News


Canada to overtake South Africa in diamond value

Within the next few years, as the Diavik and Snap Lake diamond projects come on-stream and join the already producing Ekati diamond mine, Canada will account for 10-15% of the world’s annual diamond p…



Producer and Dealer Prices (February 04, 2002)

Antimony: Mid-mkt US$1,090/t.Bismuth: Mid-mkt US$3.25/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.95-7.60/lb.Copper: Comex Mar. US$0.699/lb.


CDNX keeps the faith

Vancouver — Canada’s junior exchange fared better than the major bourses, closing the period Jan. 23-29 in the black. The Standard & Poor’s-CDNX composite index tacked on 17.41 points, or 1.5%, to fi…




LME Warehouse Levels (February 04, 2002)

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 29 (change from Jan. 22 in brackets):MetalStock (tonnes)ChangeAluminium849775(+1…



Namco shareholders approve restructuring

Junior marine diamond miner Namibian Minerals (NMR-T) plans to raise US$10 million in debt financing as part of a restructuring effort.In early 2001, Namibian was forced into provisional liquidation a…


US indicators surpass expectations

Metals prices traded in buoyant fashion for most of the report period Jan. 21-25, feeding off unexpectedly good economic data and strong technical indicators. Weakness crept in late on Jan. 25, pushin…


Meadowbank’s economics get rosier

With estimated resources up about 50% over those reported in an April 2000 prefeasibility study, Cumberland Resources (CBD-T) is understandably bullish about its Meadowbank gold project, 70 km north o…


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