LME Warehouse Levels (December 08, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 2 (change from Nov. 24 in brackets):MetalStock(tonnes)ChangeAluminium1394850(+16…
News
Juniors eye Mexican gold prospects (December 08, 2003)
Vancouver — The rising price of bullion has prompted a growing number of junior companies to explore targets in Mexico.The latest company to set its sights on the country is Grayd Resource (GYD-V), w…
Editorial Cartoon (December 08, 2003)
A Really big deal in Yellowknife
The following is the last of three excerpts from the book Quin Kola: Tom Payne’s Search for Gold, published by Crossfield Publishing in Okotoks, Alta. The author is the daughter of Tom Payne and presi…
Con mine closes doors
The Con gold mine, in Yellowknife, N.W.T., has shut down after 65 years of operation, owing to ore depletion.As a result, owner Miramar Mining has had to issue about 190 pink slips.The territorial gov…
First Quantum profitable (December 08, 2003)
The third quarter of 2003 was a good one for First Quantum Minerals (FM-T), as its Bwana Mkubwa operation in the Zambian copper belt produced 8,862 tonnes copper at a cash cost of US$925 per tonne (US…
QGX tests Mongolian porphyry targets
Having estabished its exploration prowess at the Golden Hills property in Mongolia, QGX (QGX-V) is now active in an underexplored region in the country’s southeast.QGX, which recently attracted the at…
Breakwater clears hurdle
Agreements between Breakwater Resources (BWR-T) and its lenders will allow an 85.8-million-share issue to go ahead, providing the financially troubled base metal miner with a cash infusion of $30 mill…
Severin to address CIM
Paul Severin, vice-president of exploration for Toronto-based Noranda, will be the featured speaker at the next luncheon meeting of the Toronto branch of the Canadian Institute of Mining, Metallurgy a…
Funding scheme saves coal jobs in UK
More than 4,000 coal-mining jobs in the U.K. will be secured and 300 more jobs created as part of a 52-million investment package for 12 mines in England and South Wales.Twelve projects at mines in N…
Royal Gold to bankroll Capital
New York-based junior Capital Gold celebrated a watershed financing that paves the way for construction of its El Chanate mine in Sonora state, Mexico.Denver-based Royal Gold is supplying the entire c…
Anooraq, Amplats team for Bushveld hunt
Anglo American Platinum (AAPTY-Q) has agreed to join forces with neighbour Anooraq Resources (ARQ-V) to search for platinum group elements, gold and nickel on the northern limb of the Bushveld igneous…