2002

Gold’s prospects dominate Aussie mining conference

Kalgoorlie, Australia — Consolidation in the gold mining sector and an optimistic outlook for the price of bullion over the next 18 months had delegates in high-spirits at the 10th annual Diggers & D…


Rio Narcea bullish at Aguablanca (August 19, 2002)

Having completed a bankable feasibility study of its advanced Aguablanca nickel-copper project in southern Spain, Rio Narcea Gold Mines (RNG-T) is awarding engineering contracts and arranging project …


Brian Davidson

Brian Davidson, former chief executive officer of Armistice Resources, died earlier this year. He was 58.Davidson became interested in mining when he was a stockbroker with Bache Securities in Toronto…


Restructured Newmont proves profitable

Shareholders of Newmont Mining (NEM-N) got their first hard look at their “new” company, as the Denver-based gold giant released its first quarterlies, showing the full effects of its February merger …


DRC expands former-producing Afton mine

Vancouver — With $5 million in its coffers, DRC Resources (DRC-V) is busy expanding the resource at the Afton copper-gold project, near Kamloops, B.C.This year’s $1.1-million drilling campaign, which…


Pacific Rim options Cerro Gaspar (August 19, 2002)

Vancouver — Pacific Rim Mining (PMU-V) has inked a deal to earn a 60% interest in the Cerro Gaspar project in northeastern El Salvador from Brett Resources (brn-v).The company can do so by spending U…


Anglo American to pay for AIDS drugs

Anglo American says it will pay for antiretroviral drugs for employees suffering from HIV/AIDS.The program could cost as much as R16.8 million (US$1.6 million) in the first year. In addition to extend…


Lending Rates (August 19, 2002)

as of 4 pm ET, Aug. 13, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.73LIBOR US$ 6-month1.69LIBOR US$ 1-year1.74Gold lease 3-month0.28Gold leas…



Gold price lifts majors

The U.S.-listed gold majors all posted strong gains over the report period ended Aug. 13 as gold prices jumped $8.45 to US$316.25 per oz.: Newmont Mining rose 95 to US$24.95; AngloGold added $1.17 to…



LME Warehouse Levels (August 19, 2002)

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, August 13 (change from August 6 in brackets):MetalStock (tonnes)ChangeAluminium1297275…


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