BHP Billiton boosts nickel business (March 23, 2004)
Anglo-Australian giant BHP Billiton (BHP-N) has approved a US$1.4-billion plan to develop its Ravensthorpe nickel l…
News
Glencairn cuts more gold at Limon
Vancouver — Glencairn Gold (GGG-T) has tabled encouraging results from its Santa Pancha vein system in Nicaragua.
Rio Tinto finds nickel in Michigan
Rio Tinto (RTP-N) has discovered a small, high-grade nickel-copper deposit at its Eagle prospect in Michigan’s Uppe…
Trading Summary (March 22, 2004)
The Toronto Stock Exchange’s subindices finished lower across the board on Monday, sending the S&-TSX composite…
Placer Dome boss calls it quits
In a surprise move, Placer Dome (PDG-T) CEO Jay Taylor has announced that he will retire at the end of Septe…
Meadowbank “surprise” fells Cumberland
Shares in Cumberland Resources (CLG-T) shed another 25% on Monday, after the Vancouver-based miner said that…
Grand Central climbs on gold discovery (March 22, 2004)
Shares of Grand Central Silver Mines (GSLM-PK) have doubled, tripled and quadrupled in recent months, follow…
Platinum surges while palladium finds support
Platinum has already surged this year, reaching levels not seen since 1980. Indeed, platinum has been the only real challenger to nickel for the title of “star metal,” which is fitting given it’s the …
Land-use deal Down Under
A ground-breaking A$38-million land-use agreement between Aussie mining giant Hamersley Iron and the Eastern Guruma indigenous people of Western Australia’s Pilbara region has been signed after six ye…
Spot Prices Tuesday, March 16, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$399.60-1.60Silver$7.16 +0.24Platinum$900.00+5.00…
LME Warehouse Levels (March 22, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 16 (change from March 9 in brackets):MetalStock(tonnes)ChangeAluminium1330300(-…
Western markets slump into spring
Vancouver — Canada’s junior exchange lost some ground over the report period ended Jan. 16. Poor U.S. job numbers helped boost gold over the US$400-per-oz. mark but failed to spur a stock rally. The …