Crosshair cuts gold in Newfoundland
Vancouver-based
News
Exchange Rates (September 13, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)…
Global hedge books trimmed for fourth consecutive Q
Vancouver — Approximately 3.9 million oz. were trimmed from gold producers’ hedge books in the 3-month period ended June 30, marking the fourth consecutive quarter in which the global hedge book moved away from hedging.
The Northern Miner Indices (September 13, 2004)
North American Mining: 106.71 (-1.75)…
Hybrid cars and cobalt
Improvements in hybrid-electric vehicle technology are expected to boost demand for cobalt-based batteries. This newly emerging demand, combined with increases in cobalt use for other types of rechargeable batteries, turbine engines and gas-to-liq…
Shore announces dividend-in-kind
With the Star diamond project in Saskatchewan taking centre-stage,
Teck seeks dismissal in Lake Roosevelt lawsuit
An Aboriginal group in northeastern Washington state has filed a suit to force the U.S. Environmental Protection Agency (EPA) to enforce an administrative order against
New bid, same response (September 13, 2004)
Inca Pacific pulls long Magistral intercepts (September 13, 2004)
Vancouver — Drill results from the Magistral project in Peru’s Ancash district indicate impressive copper-molybdenum mineralization.
Government halts exploration in Eritrea
Vancouver — Several Canadian-based companies have been ordered to halt their exploration programs in Eritrea. According to a press release released by the companies collectively, the Eritrean Ministry of Mines gave no reason for ordering the work…
Newmont vs. Mother Nature
U.S. stock markets rose slightly over the period Sept.1-7. The S&P 500 index was up 17 points, or 1.5%, while the Dow Jones Industrial Average was up 1.6%, or 168.87 points, to close at 10,342.79 points.
AngloGold Ashanti sells Freda-Rebecca (September 10, 2004)
AngloGold Ashanti (AU-N) has struck a deal to sell its entire interests in Ashanti Goldfields Zimbabwe Ltd. for US$…