AfriOre suspends Springlake underground
Underground mining operations at AfriOre’s (AFO-T) Springlake anthracite colliery, north of Dundee in Kwazulu Natal…
News
EC okays Alcan bid with conditions
The European Commission has given the go-ahead for Alcan’s (AL-T) 4-billion euro takeover of French Rival Pechiney,…
Pacific Minerals advances 217
Vancouver — Pacific Minerals (PMZ-V) has launched a mine development scoping study for the 217 Gold Project in Chi…
Trading Summary (September 29, 2003)
The technology stocks helped the Toronto Stock Exchange pull out of last week’s power dive to tack on 12.54 points…
Ashanti proves up Youga
Drilling by Ashanti Goldfields (ASL-N) on the A2 Main deposit at the Youga project in Burkina Faso, West Africa, has returned some encouraging intersections.Highlights are as follows:– Hole 10 — 37….
Far West banks on Chilean results
Proceeds from a private placement are enabling Far West Mining (FWM-V) to resume its search for iron-oxide copper-gold deposits in the prospective Candelaria belt of northern Chile.In late July, Far W…
LME Warehouse Levels (September 29, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 23 (change from Sept. 16 in brackets):MetalStock(tonnes)ChangeAluminium1362550(…
Defiance boosts Tasiast
With about 28,000 metres worth of reverse-circulation (RC) and core drilling under its belt, Defiance Mining (DM-T) has tabled an updated resource figure for its Tasiast gold project, 170 km east of t…
Copper miners eye higher prices (September 29, 2003)
Vancouver — After years of cutting back production because of low prices, the world’s largest copper miners are optimistic the market for the red metal will improve in 2004.Phelps Dodge (PD-N) expect…
Daily Metal Prices (September 29, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 23Sept. 22Sept. 19Sept. 18Sept. 17Al Alloy140…
Miners picket Denver forum
Roughly 100 miners at the Newmont gold mine in Nevada travelled 1,000 km to Denver, Colo., in mid-September to protest being without a contract for more than a year.The miners picketed outside the Wes…
Barrick re-shuffles management deck
The gold companies took centre-stage during the report period ended Sept. 23, as the yellow metal resumed its bull run by lunging forward $12.35, or 3.3%, to US$385.25 per oz., pulling the S&P-TSX Gol…