Alrosa uncovers giant diamond
Sakha Republic government-owned Alrosa has extracted a giant, flawless 301.55-carat diamond — the third-largest gem-quality diamond ever unearthed in Russia.The 46-by-32-by-26-mm lemon-yellow stone w…
News
Black Hawk narrows losses
With fewer tonnes milled, Black Hawk Mining (BHK-T) lost US$358,000 during the 3-month stretch ended June 30.The loss translates into nil per share, and compares with a year-earlier net loss of US$409…
Northern Miner Indices (August 25, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrick GoldABX-T19.4%CamecoCCO-T3.6%FalconbridgeFL-T4.7%Freeport McM BFCX-N7.1%GoldcorpG-T4.4%IncoN-T7.8%Kinross GoldK-T4.3%Newmont Minin…
The Northern Miner Indices (August 25, 2003)
North American Mining: 87.59 (+4.16)Small Producers: 88.78 (+2.42)(Sept. 30/98 = 100)…
Yamana expands in Brazil
Spokane-based Yamana Resources (YRI-T) has paid US$20.9 million for the Fazenda Brasileiro gold mine in northeastern Brazil. The vendor is Companhia Vale do Rio Doce (RIO-N).The funds were made possib…
Mag cuts narrow vein at depth (August 25, 2003)
Vancouver — Initial results from an ongoing, 3,500-metre drill program indicate narrow intervals of high-grade silver-gold values between 400 and 500 metres below surface on the Juanicipio claims in …
PGM use in North America
Three factors — a substantial increase in the production of light vehicles, the impending introduction of tighter emissions standards, and the replacement of some palladium-based catalysts with plati…
Russian project delivers high-grade results
Results from ongoing drilling by Bema Gold (BGO-T) on a high-grade gold-silver prospect in Russia’s Far East region are confirming the potential for a near-surface, multi-million-ounce deposit.To date…
De Beers nabs diamond thieves
An ongoing investigation east of Pretoria, South Africa, has led to 20 arrests and the recovery of 590 stolen diamonds. Nineteen more people are being held for questioning.De Beers has been working wi…
People (August 25, 2003)
Barker — Trygve Hoy hired as a consultant in the Cariboo mining district of B.C.Barrick Gold — Peter Kinver appointed executive VP of operations.Dumont Nickel — David Constable appoint…
First Point trenches Rio Luna (August 25, 2003)
Preliminary trenching at the Rio Luna gold project in Nicaragua has returned tantalizing results for First Point Minerals (FPX-V).Situated 10 km north of the town of Boaco, the 126-sq.-km property hos…
Lending Rates (August 25, 2003)
as of 4 pm ET, Aug. 19, 2003(%)Bank of Canada3.00Canadian Prime4.75U.S. Discount Primary2.00U.S. Fed Funds market rate0.93U.S. Prime4.00LIBOR US$ 3-month1.13LIBOR US$ 6-month1.18LIBOR US$ 1-ye…