Peruvian regulator reviews Tambogrande
The Instituto Nacional de Recursos Naturales (Inrena), the Peruvian government agency charged with advising the government on new mining projects, has completed its preliminary review of the environme…
News
New techniques in processing
Predicting the processing performance of an untried ore deposit is essential to determining its economic viability.In cases where an ore just makes product grade or is difficult to prepare for smeltin…
AngloGold sells Amapari to Eike Batista (June 02, 2003)
AngloGold (AU-N) will sell its Amapari project in northeastern Brazil’s Amapa state to Eike Batista’s Mineracao Pedra Branca do Amapari for US$18.2 million.AngloGold acquired Amapari in 1998 as part o…
Diavik receives engineering award
Diavik Diamond Mines has received the national award of achievement from the Canadian Council of Professional Engineers (CCPE) for the design and construction of the Diavik A154 dike.Building the dike…
BHP Billiton settles with ex-CEO
Not bad for half a year’s work: after serving only six months as CEO of BHP Billiton (BHP-N) before quitting, Brian Gilbertson has been awarded a 4.1-million (US$6.7-million) exit settlement.Gilberts…
Producer and Dealer Prices (June 02, 2003)
Antimony: Mid-mkt US$2,590/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$9.40-10.25/lb.Copper: Comex July US$0.778/lb.Indium: Indium Corp., ingot, US$140/kg.Iridiu…
LME Warehouse Levels (June 02, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 27 (change from May 20 in brackets):MetalStock(tonnes)ChangeAluminium1141275(-118…
Exchange Rates (June 02, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 27May 26May 23May 22May 21US$ in C$1.37461.37441.37751.3682…
Canadian Stock Exchange Indices (June 02, 2003)
DateMay 27May 26May 23May 22May 21HighLowTSX Composite6840.24…
Yandal time-bomb keeps ticking
To the consternation of its hedging counterparties and noteholders, Newmont Mining (NEM-N) is making a bold move to clean up a financial mess at its wholly owned Newmont-Yandal gold-mining subsidiary …
Bema adds South African production
The acquisition of the Petrex mines in South Africa is expected to provide Bema Gold (BGO-T) with an additional 200,000 oz. of gold production per year, adding to its 100,000-oz. annual production bas…
Partners find kimberlite near Rankin Inlet
Led by promising indicator mineral chemistry, Cumberland Resources (CBD-T) and Comaplex Minerals (CMF-T) have intersected a kimberlite-pipe-like body in the first drill hole of a program designed to t…