Daily Metal Prices (August 18, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAug. 12Aug. 11Aug. 8Aug. 7Aug. 6Al Alloy1380/1380…
News
Juniors advance Philippine projects
Vancouver — Despite an array of political and legal hurdles, a growing number of Canadian and Australian exploration companies are reporting progress at projects in the Philippines.Among the Canadian…
Yanzhou leads China’s coal miners
While most of this year’s top-performing miners on the New York Stock Exchange are familiar names to North Americans, there is one less well-known company that keeps popping up on the winners’ list: C…
Tiberon’s Nui Phao enters feasibility stage
Vancouver — Armed with $3 million in financing, Tiberon Minerals (TBR-T) is proceeding with a bankable feasibility study of its 70%-held Nui Phao tungsten project in Vietnam.Since 2000, the junior ha…
PNWC bullish at River Valley
Vancouver — Harry Barr-led Pacific North West Capital (PFN-T) has tabled further encouraging drill results from its River Valley platinum group metal property, 60 km northeast of Sudbury, Ont.The pro…
Canpotex strikes Chinese potash deal (August 18, 2003)
The North American potash partnership Canpotex will supply Saskatchewan potash to China’s largest potash importer, China National Chemicals Import & Export Corporation (Sinochem).Under a memorandum of…
Ashanti bidders rebound
Mid-tier producer Randgold Resources made headlines during the week ending Aug. 12 by topping AngloGold’s bid for Ashanti Goldfields by about US$100 million. Randgold is offering one of its own…
Lupin down for the count
A particularly bad quarter for Kinross Gold’s Lupin gold mine in remote western Nunavut, 400 km northeast of Yellowknife, is pushing the mine closer to closure.The company acquired a 100% stake in Lup…
Randgold Resources takes run at Ashanti (August 18, 2003)
Mid-tier producer Randgold Resources (GOLD-Q) has made the proposed merger between Ashanti Goldfields (ASL-N) and AngloGold (AU-N) a whole lot more interesting by making a merger proposal to As…
Exchange Rates (August 18, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 12Aug. 11Aug. 8Aug. 7Aug. 6US$ in C$1.38521.38351.39351.3932…
Did we hear a tap opening?
It’s not like the Summer of Love in 1996 all over again (at least we hope it’s not), but the season has served us with a tray-full of financings for the junior exploration companies and small producer…
Sur eyes gold in Phillipines
Hoping to outline a bulk-minable gold deposit, Sur American Gold (SUR-V) is sampling a large epithermal system in the Eastern Mindanao mineral belt of the Philippines.Batoto sits at the southern end o…