News

Denver-based Constellation Copper (ccu-t) has retained Jacobs Engineering Group to carry out a bankable feasibility study of the Terrazas copper-zinc oxide project in Mexico’s Chihuahua state.

The federal government will contribute $3 million to the cost of building an all-weather bridge across the Mackenzie River at Fort Providence, N.W.T. Upon completion, in 2006, vehicles serving mines in the area will have to pay tolls.

The consensus among manufacturers of silver-based biocides is that architectural applications in North America and Northern Europe will be the main market in the near future.

METALS COMMENTARY/CPM GROUP…

There are a lot of hedges to unwind…

North American Mining: 97.73 (-3.10)…

Precious MetalsPrice (US$/oz.)Change…

Barrick Gold (abx-t) earned about 10% less in the recent first quarter than in the comparable period of 2003, as a US$10-million after-tax derivative loss offset higher gold prices and increased production.

Ghana’s high court has approved the merger of Ashanti Goldfields (asl-n) and AngloGold (au-n), creating the world’s second-largest producer of the yellow metal, with annual output projected to exceed 6 million…

Cambior (cbj-t) has offered to acquire all the outstanding shares of industrial-minerals miner Sequoia Minerals (seq-t), its equal partner at the Niobec niobium mine in Quebec.