News

Fueled by strong global demand, De Beers Consolidated Mines (DBRSY-Q) tripled its earnings in the first half of 2000 on the back of US$3.52 billion in diamond sales, which were 44% higher than in the …

Ekati, Canada’s first and only diamond mine, is the largest supplier of rough diamonds to the global market by value outside of De Beers. As other projects such as Diavik, Snap Lake and Jericho come o…

Recent developments in the diamond industry are hinting that the diamond market may have seen the last of single-channel supply.The shape of the new market may have broken the surface in July when De …

While the hunt for prairie diamonds has slowed somewhat from mid-1990s, the search is being kept alive by Ashton Mining of Canada (ACA-T), which is still plugging away at kimberlite targets at its vas…

68.78 (-4.24)(Sept. 30/98 = 100)…

50.78 (-2.70)(Sept. 30/98 = 100)…

The Sept. 13-19 report period saw another 25 tonnes of gold pour into the market from the Bank of England. The anticipated auction was oversubscribed by a rate of 2.6 times; however, this had little a…

The strong demand for nickel continues and Canada’s two producers, Inco and Falconbridge, are registering record levels of peacetime production.Production levels from Inco in the last half of 1950 sho…

CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 19Sept. 18Sep. 15Sept. 14Sep. 13…

Short positions outstanding at September 15, 2000Larger individual positions include: Abitibi-Consolidated Inc. 1,215,986 down 398,854; Alcan Aluminium Ltd. 871,491 down 198,392; Anderson Expl. Ltd.

Canada’s junior exchange posted a modest gain as the technology and oil-and-gas sectors helped offset losses in mining. The Canadian Venture Exchange composite index tacked on 40.92 points, or 1.1%, t…