Producer and Dealer Prices (January 14, 2002)
Antimony: Mid-mkt US$1,130/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$6.79-8.50/lb.Copper: Comex Mar. US$0.7085/lb.Indium: Ind…
News
Newmont ups ante as AngloGold stands pat
Determined to win a bidding war with AngloGold (AU-N), Newmont Mining (NEM-N) has raised its offer for Normandy Mining (NDY-T) as an insurance measure.In mid-November, Newmont triggered the…
Battle brewing over control of Valerie Gold
Vancouver — As was the case with many junior explorers, 1996 was a stellar year for Valerie Gold (VLG-V). With $20 million in the kitty and with the drill rig set to turn on the prospective Mamatla m…
Rio Narcea trims board (January 14, 2002)
An investment group has purchased 12.8 million shares of Rio Narcea Gold Mines (RNG-T) to nab a 19.8% equity stake in the company. The group includes Chairman Chris von Christierson.The shares, purcha…
Troymin enters Otish Mountains fray
Calgary-based junior Troymin Resources (TYR-V) has applied for mineral claims covering 200 sq. km in the Otish Mountains diamond area play in Quebec.Pending approval by the provincial government, thes…
Israel looks to improve diamond exports
A diamond is still a girl’s best friend, but if the Israel Diamond Institute (IDI) has its way, women everywhere will have even more “best friends” by the end of this year.”Israel’s diamond industry i…
PEOPLE (January 14, 2002)
Ayrex — James Evaskevich appointed president and director; Robert Pearson and Gordon Bowerman appointed vice-presidents and directors.Boliden — Ruben Ornstein appointed CFO and Marianne Lindholm app…
Falling rand raises concerns
A statistic of more than passing interest to the mining industry is that in 2000, 80% of emerging markets had net outflows of equity capital; by comparison, in 1996, when all seemed rosy, 90% of them …
Nanisivik claims second life in five months
A 46-year-old man, formerly of Hamilton, Ont., was killed in the early hours of New Year’s Day at the Nanisivik zinc-silver mine on the northern tip of Baffin Island, Nunavut.The man was operating a r…
Support for proposed securities law
The Prospectors and Developers Association of Canada (PDAC) has joined a coalition that is supporting the Canadian Securities Administrators’ (CSA’s) proposed National Instrument 54-101 (NI 54-101), a…
Canada sells more gold
The government of Canada liquidated 55,000 oz. gold in December 2001 to hold 1.1 million oz. in reserve.The value of the remaining reserves is US$291 million, down from US$305 million in November 2001…
Global Mining Initiative
An industry conference known as the “Global Mining Initiative” will be held May 12-15 in Toronto.The event is expected to attract more than 1,000 delegates from all levels of the mining sector. They w…