Ashton discovers kimberlite in Mauritania
Australia’s Ashton Mining has discovered what it believes is the first fully-documented diamond-bearing kimberlite pipe in Mauritania, northern Africa.Selected reverse-circulation drill samples totall…
2000
MOST ACTIVE ISSUES, Sept. 13-19
ExchgVol(000s)HighLowCloseChangeAlcoa*N 23671 30.44 25.31 25.62 – 4.57…
TSE Shorts (September 25, 2000)
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.
Metals markets show signs of nervousness
It is unlikely that these downward adjustments signal much more than consolidation in the current uptrend for prices. Technical indicators had suggested that almost all the major metals were heavily o…
Teck bullish on Pogo’s potential
The Pogo project in central Alaska has a gold resource estimated at 5.6 million contained ounces, and operator Teck (TEK-T) believes there is good potential for expansion.TeckGold, a newly formed, who…
Pan American throws in towel at Dukat
The cat-and-mouse game involving the large Dukat silver deposit in Far Eastern Russia is finally over. Russian-based Polymetal will acquire an 80% interest in the project and assume operatorship, leav…
Soaring diamond sales ensure De Beers’ profitability
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 mine a shining symbol of Canada’s diamond potential
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…
F.P.O. Is a new diamond market emerging?
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 …
Miner toys with retirement
Some men never grow up, and retired miners are no exception. They grow older, their hair recedes, and bellies often hang over their belts, but inside these men is a playfulness that never goes away.Th…
GREATEST VALUE TRADED, Sept. 13-19
ExchgVal($000s)HighLowCloseChangeAlcoa*N 606577 30.44 25.31 25.62 – 4.57…
Kelsey Lake resumes production
McKenzie Bay International (MKBY-O) has resumed diamond production at the Kelsey Lake mine, a past producer straddling the border between Colorado and Wyoming.The company recently completed final adju…