LME Warehouse Levels (September 01, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 26 (change from Aug. 19 in brackets):MetalStock(tonnes)ChangeAluminium1336700(+1…
News
Glencairn targets flow-through financing
Vancouver — Glencairn Gold (GLJ-V) intends to raise $1.6 million via a placement of 3.6 million flow-through warrants priced at 45 each.Each special warrant is exercisable, at no cost, into one flow…
Alcan submits formal bid for Pechiney
Alcan (al-t) has submitted its 3.4-billion-euro bid for French rival Pechiney to the European Commission. The Montreal-based aluminum giant had launched its hostile bid in early July but held off form…
Jobs at risk in UK power plant buyout
UK Coal says as many as 9,000 jobs could be lost if London-based BHP Billiton takes over Drax, the United Kingdom’s biggest power station.Drax buys a third of its fuel from UK Coal, but there are conc…
Siwash drilling resumed
Junior Almaden Minerals (AMM-T) has launched a small drill program with view toward restarting the Siwash gold mine, near Merritt, B.C.In the 1990s, Siwash produced 51,750 oz. from 18,400 tons of ore….
Site visit: How do they do it? Volume, volume, volume
Chibougamau, Que. — When Franois Fleury, the general manager of the Troilus gold mine, praised the “ingenuity and tenacity” of the Troilus workforce, he had good reason to mean it. The mine, two hou…
Sur digs gold at Comval
Preliminary trenching by Sur American (SUR-V) has turned up bonanza gold grades at the Comval project in the Eastern Mindanao belt of the Philippines.Sur is focusing on a large epithermal zone in hope…
Diavik pleased with Tlicho deal
Diavik Diamond Mines President Joe Carrabba says it will be business as usual following a deal signed by federal, territorial and aboriginal leaders that gives the Tlicho (or Dogrib) nation exclusive …
Aurizon narrows loss in second quarter
Higher gold prices helped Vancouver-based Aurizon Mines (ARZ-T) narrow its losses during the second quarter.The loss was trimmed to $212,000 (or nil per share), from a loss of $1 million (2 per share…
The value of Canadian mining
Despite significant growth in the Canadian economy over the past 20 years, the Canadian mining industry’s contribution to the gross domestic product has remained relatively stable within a range of 3….
Newmont buys Ntotoroso
Newmont Mining (NEM-N) will consolidate its holdings in the Yamfo-Sefwi belt in Ghana by buying Moydow Mines International’s (MOY-T) half-interest in the gold project known as Ntotoroso.The major will…
Gammon to expand Northeast Ocampo
Dartmouth, N.S.-based Gammon Lake Resources (GAM-T) has launched a 65,000-metre drill campaign on its Northeast Ocampo gold-silver property in Mexico.The drilling is designed to expand and upgrade the…