South Africans target platinum in Zimbabwe
Vancouver — Over the past decade, platinum miners have been eager to advance known deposits on Zimbabwe’s Great Dyke, home to the world’s second-largest reserve of platinum. However, a strong nationa…
Anglo American plc
Busy week for base metals
The base metal miners took the spotlight away from the golds during the report period ended April 15.BHP Billiton rose 20 to US$11.56 as it launched a 10-year, US$850-million global bond, part of whi…
US golds take hit as price falls
A steep dip in the price of gold pushed U.S. gold producers lower over the April 2-8 report period. The yellow metal was fixed at US$324.10 per oz. on the morning of April 9, for a loss of $6.15 on th…
Anglo greases drills at Boyongan project
Vancouver — Anglo American (AAUK-Q) is sending eight drill rigs to explore the Boyongan project in the southern Philippines. The property is held equally by Anglo American and Philex Gold (PGI-V).Ang…
Mitsui buys into CVRD
The biggest global mining story of the report period was the complex deal involving Brazilian iron ore giant Cia Vale do Rio Doce’s (CVRD) and Japan’s no. 2 trading house, Mitsui.Mitsui winds up spend…
Miners passed by in broad advance
The five trading days March 19-25 saw a modest advance by the U.S. stock markets, but gold and base metal equities were left out. Both major indices rose about 1%; the Dow Jones Industrial Average add…
Healthy prices, discoveries spur nickel exploration
After losing ground to their trendy laterite cousins a few years ago, nickel sulphide deposits — hosts of the giant Sudbury, Voisey’s Bay and Norilsk orebodies — are back in fashion.Nickel sulphide …
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…
Golds slip in bouncy trading
U.S. markets had a bouncy week, with the Dow Jones Industrial Average covering a 150-point spread in the report period Feb. 19-25, before settling at 7,909.50. The golds were down and the base metal p…
America Mineral Fields still keen on Kolwezi cobalt
Although hopes for better days are routinely crushed in the Democratic Republic of Congo, London-based America Mineral Fields (AMZ-T) is optimistic recent peace negotiations will finally allow its Kol…
Philex disappoints
Vancouver — Drill results from Philex Gold’s (PGI-V) Boyongan deposit in the Philippines have prompted operator Anglo American (AAUK-Q) to seek additional tonnage on the surrounding North property.Al…
A sweet week for golds
Gold bugs were delighted over the holiday-shortened report period as prices for the yellow metal surged more than US$7 to a new, 6-year high of almost US$360 per oz.Gold has been on a steady march upw…