LME Warehouse Levels (August 18, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 12 (change from Aug. 5 in brackets):MetalStock(tonnes)ChangeAluminium1319175(+12…
News
Ashton adds to Renard value
Discovered this past April, the Renard 9 kimberlitic body in north-central Quebec has yielded a strong microdiamond count.Renard 9 is one of eight kimberlitic bodies discovered by the Ashton Mining of…
Meridian forms Newfoundland alliance
Junior Linear Resources (LRR-V) has farmed-out its Reid property in the Botwood Basin of central Newfoundland to Meridian Gold (MNG-T).Under the terms of a letter agreement, Meridian can earn an initi…
Infill drilling positive at Meadowbank (August 18, 2003)
Cumberland Resources (CBD-T) has finished the first phase of infill drilling at the Vault and Portage gold deposits, part of the Meadowbank property in Nunavut, and the results confirm earlier resourc…
Minnesota’s PGE potential
Exploration for polymetallic deposits, including platinum group elements, in Minnesota has traditionally focused on mafic intrusions of the Mesoproterozoic Duluth Complex, as it contains known occurre…
Tin production disrupted in Australasia
(The following excerpt from The Commodity Refiner, a monthly publication of Barclays Capital Research, provides an overview of the international tin market.)Improvements in demand are evident in the t…
Diamonds deliver for London’s Rio Tinto
The diamond group of Rio Tinto (RTP-N) performed strongly in the first half of 2003, driven by higher prices and the selloff from inventories that had built up at the Argyle operation in the latter pa…
Canadian Stock Exchange Indices (August 18, 2003)
DateAug. 12Aug. 11Aug. 8Aug. 7Aug. 6HighLowTSX Composite7354.027251.967317.817180.27…
Monterrico puts number on Henry’s Hill
London-listed Monterrico Metals has received its first independent resource estimate for the Henry’s Hill copper deposit, part of the Rio Blanco project in northern Peru.The estimate, by Snowden Minin…
Metallic finds new shoot at Esmeralda
Drilling at the Esmeralda gold propery in southwestern Nevada has revealed a new high-grade mineralized shoot in the Prospectus vein structure.The 8-hole array, part of an underground exploration prog…
Canico expands Ona-Puma project
Canico Resource (CNI-T) has dramatically boosted the inferred resource estimate for its Ona and Puma nickel laterite deposits in Brazil’s Para state.Based on a cutoff grade of 1.5% nickel over a mini…
Wheaton bags $80m
Wheaton River Minerals (WRM-T) has entered into an $80-million bought-deal financing.Griffiths McBurney & Partners is leading a syndicate of underwriters, including BMO Nesbitt Burns, Canaccord Capita…