Gold stocks down as bullion rises
This was a week of mainly sideways motion in the U.S. equity markets, with the Dow Jones Industrial Average rising 69.78 points to 9,923.42, as the Standard & Poor’s 500 Index fell 6.44 points to 1,06…
Rio Tinto plc
Aber to buy Harry Winston
Aber Diamond (ABZ-T) has struck a preliminary deal to acquire Harry Winston, the prestigious New York-based “jeweler to the stars.”The deal would take place in stages, beginning with a 51% stake invol…
Gold breaks barrier as silver, nickel soar
A strong rally sent gold US$9.55 higher over the five trading days to a London morning fix of US$401.05 per oz. on Dec. 2. It’s the first time the yellow metal has surpassed the psychological barrier …
Copper exploration heats up in BC
Vancouver — Reminiscent of the 1970s, copper exploration has once again taken centre-stage in the hunt for metals in British Columbia.Sparking the revival are higher prices and a new discovery made b…
Correction (November 24, 2003)
In our Oct. 17 issue, we incorrectly stated that Canico Resource (CNI-T) would carry out matte smelting at its Ona-Puma nickel-laterite project in Brazil.Canico is considering both ferronickel and ma…
SpectrumGold looks to Galore Creek
Vancouver — The first four holes of a recently completed 3,000-metre drill program on the historic Galore Creek copper gold property in northwestern British Columbia have given a boost to newly minte…
Big miners make big gains
It was a generally good trading period in the U.S. equity markets, with the major indices up modestly but the mining stocks generally strong. The Dow Jones Industrial Average picked up 90.52 points to…
South Atlantic eyes Swedish IOCG
A new copper-gold discovery has prompted South Atlantic Ventures (SAA-V) to increase the size of its exploration portfolio in Sweden’s Kiruna mining district.The Kiruna region is famous for the huge a…
Diavik ramp-up on-track
As ramp-up to full production continues, the Diavik diamond mine in the Northwest Territories is processing kimberlite at rates ahead of planned levels.Ore processed during the third quarter of 2003 i…
Slippage causes deaths at Grasberg
Vancouver — A slippage accident at the Grasberg copper-gold mine in Indonesia has caused the deaths of eight workers.In the second fatal accident at the mine in three years, two workers were killed, …
People (October 27, 2003)
Alcan — Christine Morin-Postel appointed director;Alcoa — John Pizzey, VP and group president of primary products, will retire in early 2004; Pizzey will be succeeded by Bernt Reitan.APAC…
Canarc busy at Benzdorp
Vancouver — With $3 million in its coffers, Canarc Resource (CCM-T) is gearing up for a phase-2 drill program at its Benzdorp property in Suriname, South America.The cash infusion comes from a privat…