BHP Billiton Canada Inc

Silver producers jostle for investors’ attention

At the Autumn Precious Metals Seminar, held recently in Toronto and co-sponsored by the Silver Institute and Gold Fields Mineral Services, representatives of five North American silver producers gave …


Nevsun intensifies efforts in Mali

Vancouver — Buoyed by a surging gold price, junior Nevsun Resources (NSU-T) is wasting no time advancing its two promising projects in Mali, West Africa.The junior ventured into the region back in 19…


WMC gains titanium asset

The biggest deal of the report period was WMC Resources’ US$87.5-million acquisition from South Africa’s Southern Mining of the world’s largest undeveloped titanium mineral-sands deposit: Corridor San…


BHP curbs copper output

BHP Billiton, the world’s largest mining company, announced that its 2003 copper production target for the world’s largest copper mine, Escondida in Chile, is being set at 1.05 million tonnes, while a…



JP Morgan dispels rumours

The gold bugs watched in glee as their arch nemesis, JP Morgan, the counterparty to most gold-derivatives trading, issued a statement that refuted rumours it had recently lost upwards of US$17 billlio…


Fording courts suitors to thwart Sherritt takeover

The Toronto Stock Exchange Composite Index slipped 70.37 points to end the Nov. 6-12 report period at 6,329.27.The TSE’s gold index was up 5.39 points, partly on the back of a US$5.70-gain in the pric…


Precious metals miners shine

While gold prices ended the report period virtually unchanged at around US$317 per oz., gold bugs drew encouragement that most of the gold miners showed uncharacteristic strength and added to the prev…


Asarco ponders Mission closure

Vancouver — Asarco, the U.S. subsidiary of Grupo Mexico, is considering closing its Mission copper mine is southern Arizona.The announcement, prompted by high production costs and low copper prices, …


OM in freefall

After dropping from US$40 to US$30 in the previous week, the shares of cobalt refiner OM Group collapsed further during the report period, falling 71% on Oct. 29 to US$8.95 and closing at US$7.49 on t…


Smooth sailing as Ekati celebrates fourth year

The Ekati mine in the Northwest Territories is celebrating its fourth anniversary on a note of considerable achievement: production of more than US$1.6 billion worth of diamonds to date.Ekati was brou…


OM whacked by UN report

Shares in Cleveland-based cobalt refiner OM Group crashed to a three-and-a-half-year low during the report period following its mention in a UN Security Council report on illegal mining activity in th…


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