Daily Metal Prices (June 23, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJune 17June 16June 13June 12June 11Al Alloy1360/136…
News
Stillwater says ‘da’ to Norilsk Nickel
Shareholders of Stillwater Mining (SWC-N) have given the green light to Norilsk Nickel’s cash-and-metal offer for 51% of the Montana-based company.About 82.9% of the votes cast at a special meeting in…
LME Warehouse Levels (June 23, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 17 (change from June 10 in brackets):MetalStock(tonnes)ChangeAluminium1115150(-1…
New diamond province emerging in Europe
A new diamond province is quietly taking shape in Finland, where AIM-listed European Diamonds (EPD-LSE) is drill-testing several targets discovered by a combination of surface sampling and geophysics….
Diavik diamonds command a premium for Aber
The first stones recovered from Canada’s $1.3-billion Diavik complex in the Northwest Territories have been sold at prices exceeding expectations.In April, Aber Diamond (ABZ-T) reported its first parc…
The Northern Miner Indices (June 23, 2003)
North American Mining: 76.06 (+3.72)Small Producers: 71.33 (+4.40)(Sept. 30/98 = 100)…
Breakwater polishes Langlois study
An updated feasibility study of the Langlois base metal mine in northwestern Quebec has Breakwater Resources (BWR-T) eyeing about $10 million more in cash flow.The study takes into account the recentl…
Diamonds glitter on junior market
Vancouver — Canada’s junior exchange experienced a surge in diamond-related issues during the week ended June 17. The S&P-TSX Venture Exchange composite index jumped 17.36 points, or 1.58%, and close…
Strong gold price pushes producers higher
The Toronto Stock Exchange’s composite index climbed a healthy 78.32 points over the June 11-17 report period to finish at 7,121.02.Gold firmed up US$7.10 in overseas trading to plant itself at US$361…
Tournigan tests Irish prospect
Vancouver — Junior Tournigan Gold (TVC-V) has launched a 5-hole drill program on the Glenlark prospect, part of the Tyrone project in Northern Ireland.Glenlark is marked by stratabound gold-silver-zi…
News – 23-JUN-03
Although Saskatchewan kimberlites carry much lower grades than those being mined in the Canadian Arctic, the sheer size of the Fort la Corne kimberlites renders them highly attractive targets.The Fo…
NRCan in JV
Natural Resources Canada (NRCan) has teamed with COREM, a mineral research institute in Quebec City, in an effort to develop mining-related technology.The joint venture will focus on improving energy …