Lumina buys Relincho deposit
Vancouver — Lumina Copper (LUM-V) has inked a deal with Andes Pacific Development to acquire the Relincho copper property, 630 km north of Santiago, Chile.The 195-sq.-km property contains several por…
News
Sur bulks up at Comval (January 12, 2004)
Junior Sur American Gold (SUR-V) has pulled more bonanza grades from its Comval project in the Philippines.Two bulk samples from the Amy vein (formerly known as Tarale #7 and part of the Tarale system…
Mazarin spins off Sequoia (January 12, 2004)
Mazarin (MAZ-T), the Quebec City-based industrial minerals miner, has spun off its niobium, dolomite and graphite assets into newly formed Sequoia Minerals (SEQ-T), leaving only the troubled chrysotil…
Denison divided in three
Diversified energy company Denison Energy (DEN-T) will split into three separate companies under a reorganization plan.The company’s uranium and other mining interests will be transferred into a resur…
Daily Metal Prices (January 12, 2004)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 6Jan. 5Jan. 2Dec. 31Dec. 30Al Alloy1470/1500…
Rio Tinto reports major copper find in Arizona
For a company not readily recognized for making its own discoveries, London-based Rio Tinto (RTP-N) is beginning to enjoy the fruits of a US$100-million-per-year exploration campaign that has culminat…
Cameco gathers gold assets under Centerra
Higher gold prices have prompted Cameco (CCO-T) to bundle its gold assets into newly created Centerra Gold, and offer shares in that company.Initially, Cameco will hold 67% of Centerra after transferr…
Resource groups mirror physical prices
In a repeat performance, base metal issues fared better, on the whole, than their precious metal peers over the holiday-shortened period ended Jan. 6.The diversified metals and minerals index climbed …
Chinese investors to build silver ‘zone’
In an effort to cultivate China’s burgeoning silver industry, private investors are planning to build the Shanghai Silver Industry Exploitation Zone.Led by Shanghai Contor Enterprise Develop Co., the …
Renewed strength for copper, nickel
After looking at estimated relative metal price performances for 2004, copper looks to be the strongest, and we believe there are strong fundamental reasons for an aggressive annual average cash price…
Spot Prices Tuesday, Jan. 6, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$428.00+12.40Silver$6.28 +0.37Platinum$850.00+38.00…
LME Warehouse Levels (January 12, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 5 (change from Dec. 24 in brackets):MetalStock(tonnes)ChangeAluminium1422525(+33…