Afcan drills Chinese gold
Drilling by Afcan Mining (AFK-V) continues to cut encouraging gold grades at the TJS project in China’s Qinghai province.In January, Afcan acquired the right to earn an 85% stake in TJS by paying US$5…
News
Canarc busy at Benzdorp
Vancouver — With $3 million in its coffers, Canarc Resource (CCM-T) is gearing up for a phase-2 drill program at its Benzdorp property in Suriname, South America.The cash infusion comes from a privat…
Editorial Cartoon (October 20, 2003)
New brooms are out all over the place From the Rock . . .
An election is due in Newfoundland and Labrador later in the month, and at this stage, polls show the Conservatives under opposition leader Danny Williams with a healthy lead over Premier Roger Grimes…
Jaguar poised to revive Guatemalan nickel
El Estor, Guatemala — If you’re a mining industry professional or an investor looking to get in almost on the ground floor of something big, take a look at what Jaguar Nickel (JNI-T) is up to here in…
BRT fails to yield base metals for Roca Mines
Vancouver — The 7-hole program cut a thick sequence of the favourable felsic unit, but only sporadic gold values were encountered. Hole 11, which tested the stratigraphy immediately downdip and north…
Sandvik to outsource jobs
Sandvik plans to sub-contract its service operations to outside businesses in an effort to cut costs.The areas of the company most likely to be affected include building construction and facilities ma…
LME Warehouse Levels (October 20, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 13 (change from Oct. 6 in brackets):Aluminium1369375(-3200)Aluminium Alloy51740(…
Canadian Stock Exchange Indices (October 20, 2003)
DateOct. 13Oct. 10Oct. 9Oct. 8Oct. 7HighLowTSX CompositeHoliday7633.617604.497569.307561…
The Northern Miner Indices (October 20, 2003)
North American Mining: 92.44 (+5.07)Small Producers: 86.86 (+6.04)(Sept. 30/98 = 100)…
Producer and Dealer Prices (October 20, 2003)
Antimony: Mid-mkt US$2,250/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$9.95-12.00/lb.Copper: Comex Dec. US$0.8635/lb.Indium: Indium Corp., ingot, US$180/kg.Iridi…
Lending Rates (October 20, 2003)
as of 4 pm ET, Oct. 14, 2003(%)Bank of Canada3.00Target overnight rate2.75Canadian Prime4.50U.S. Discount Primary2.00U.S. Fed Funds market rate1.00U.S. Prime4.00LIBOR US$ 3-month1.15LIBOR US$ …