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…
News
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…
Ivanhoe hits high grade at depth
Vancouver — The latest drill results from the Turquoise Hill copper-gold project have enhanced the prospects of mining the massive orebody that lies deep underneath the South Gobi Desert in Mongolia….
Wheaton River cashes-up
Looking to continue its recent shopping spree, Wheaton River Minerals (WRM-T) has arranged its second $100-million equity financing in a month by lining up a group of underwriters led by Griffiths McB…
Editorial Cartoon (September 29, 2003)
Time to put pressure on Cuba To lift the smokescreen
A dozen years since the Iron Curtain parted, the divide between the civilized world and Cuba — let’s call it the Smokescreen — remains in place. But we know that what lies behind it is an affront to…
Levack resurrection?
Having established a resource, partners FNX Mining (FNX-T) and Dynatec (DY-T) are studying the feasibility of resuscitating the historic Levack mine in Sudbury, Ont.Except for an 8-year hiatus in its …