Freeport enjoys strong quarter
Denver — Improved ore grades and record throughput at the Grasberg copper-gold operation in Irian Jaya, Indonesia, should propel Freeport-McMoRan Copper & Gold (FCX-N) to a profitable second quarter….
News
Alcan celebrates centenary
Alcan is celebrating its centenary by donating the buildings where the first aluminium casting took place plus $1.1 million to La Cit de l’Energie, a non-profit corporation in Quebec, which has agree…
Wardrop assumes some BLM staff
Fifteen geotechnical specialists and engineers from now-defunct BLM Engineering have joined Wardrop, an engineering and consulting firm based in Toronto.Wardrop had completed several projects with Sud…
Tan Range encouraged at Luhala gold project
The success of Barrick Gold’s (ABX-T) Bulyanhulu mine has been a shot in the arm for junior companies exploring properties in Tanzania’s Lake Victoria district. The senior producer recently exercised …
Survey says platinum could reach surplus
The amount of newly refined platinum, palladium and rhodium entering the market is expected to rise sharply this year, owing mostly to expanded production at many South African operations.Meanwhile, t…
Northern Miner Indices (July 16, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.8ComincoCLT-T4.9FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N5.0Homestake MiningHM-N6….
Producer and Dealer Prices (July 16, 2001)
Antimony: Mid-mkt US$1,080/t.Bismuth: Mid-mkt US$3.75/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$9.00-10.50/lb.Copper: Comex Sept. US$0.718/lb.Indium: In…
Freegold buys rest of Almaden, options Alaskan prospect
An agreement with BakBone Software allows International Freegold Mineral Development (ITF-T) to boost to 100% its interest in the Almaden gold project in Idaho.Freegold previously held a 60% stake in …
Edwards mine hits a dry spell (July 16, 2001)
Low gold prices and dwindling reserves have put the kibosh on the Edwards gold mine in north-central Ontario, though River Gold Mines (RIV-T) says it may resume deep exploration once prices improve.In…
DiamondWorks resumes work
In Sierra Leone, DiamondWorks (DMW-T) has resumed exploring the two kimberlite pipes that make up the Koidu project.As a first step, the Vancouver-based company met with government officials to re-con…
UK gold auction gives producers a lift
Hammered by poor showings in the industrial products sector, the Toronto Stock Exchange 300 index tumbled 189.63 points over the five trading days to end the July 4-10 period at 7,558.69.Gold dropped …
Gold hangs on as market teeters
Denver — The Dow Jones industrial average fell 472.36 points, or 4.4%, to 10,175.64 in the U.S. holiday-shortened report period ended July 10, amid warnings of poor second-quarter earnings. The Nasda…