Stillwater awaits regulatory nod
Vancouver London-based Norimet, the marketing arm of Russia’s Norilsk Nickel, has reaffirmed its desire to acquir…
News
Metallic Ventures cuts new gold at Gemfield
Reno-based Metallic Ventures (MVG-T) continues to cut high gold values on its Gemfield deposit on the Goldfield pro…
China’s gold trade
The People’s Bank of China has removed all barriers to gold licensing for the manufacture, distribution and retailing of gold products. The move is a significant step towards liberalizing the gold mar…
Monroe manages risks with methodical approach
Schweizer Reneke, South Africa — Neels Badenhorst plucks a small, clear diamond off the grease table and pops it into his mouth. Dangling from a leather string around his neck is a vial filled with o…
South Africans target platinum in Zimbabwe
Vancouver — Over the past decade, platinum miners have been eager to advance known deposits on Zimbabwe’s Great Dyke, home to the world’s second-largest reserve of platinum. However, a strong nationa…
Harmony launches gold bars
Harmony Gold Mining, South Africa’s third-largest gold producer, is marketing a series of branded gold bars to consumers at home and abroad, with 90% of the product bound for India.Although South Afri…
Investment demand for gold will wane as PGMs gain in appeal
The following is the first of several instalments of The Commodity Refiner, published by London-based Barclays Capital Research. This week we examine precious metals markets; subsequent instalments wi…
NovaGold, Placer boost Donlin Creek
Vancouver — Partners NovaGold Resources (NRI-T) and Placer Dome (PDG-T) have increased the measured and indicated resources at the Donlin Creek deposit in Alaska.The deposit, in which NovaGold has a …
Busy week for base metals
The base metal miners took the spotlight away from the golds during the report period ended April 15.BHP Billiton rose 20 to US$11.56 as it launched a 10-year, US$850-million global bond, part of whi…
Latest Tirisano auction a hit (April 21, 2003)
The latest parcel of diamonds pulled from a test panel dug at the Tirisano alluvial diamond mine in South Africa has fetched more than was expected, lending further support to the revenue projections …
Lending Rates (April 21, 2003)
as of 4 pm ET, Apr. 15, 2003(%)Bank of Canada3.50Canadian Prime5.00U.S. Discount Primary2.25U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.32LIBOR US$ 6-month1.33LIBOR US$ 1-year1.44Gold …
Exchange Rates (April 21, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 15April 14April 11April 10April 9US$ in C$1.45151.45321.4516…