PEOPLE (December 02, 2002)
Axmin — Craig Banfield appointed secretary.Cameco — Gerald Grandey appointed CEO.Cumberland — Kerry Curtis appointed interim president and CEO; Walter Segsworth appointed co-chairman.
News
Victor Milne
Victor Milne, former director of the Ontario Geological Survey, died in late September. He was 68.Milne was born in 1934 in Scotland and completed undergraduate studies in geology at the University of…
Sagging economy an ominous sign for base metals
This article is the first of two instalments devoted to base metals and was culled from Barclays Capital’s monthly commodities report The Commodity Refiner. Part 2 will appear in our Dec. 9-15 issue.S…
LionOre pours first gold from Thunderbox (December 02, 2002)
After nine months of construction and development, LionOre Mining International (LIM-T) has poured the first gold dor bar at the Thunderbox project in Western Australia.Weighing 11.7 kg, the bar was …
Altius-Barrick deal triggers gold rush in Newfoundland
St. John’s, NFLD — An increased level of exploration activity in Newfoundland and Labrador has resulted in 30,500 new claims being staked this year (to the end of October), surpassing the previous hi…
Daily Metal Prices (December 02, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 26Nov. 25Nov. 22Nov. 21Nov. 20Al Alloy1311/131…
Botwood lures juniors to The Rock
St. John’s, NFLD — Recognizing the merits of a new geological concept for Carlin-style mineralization in a belt of rocks in central Newfoundland, Barrick Gold (ABX-T) struck a deal with Altius Minera…
QGX buoyed by hot holes in Mongolia
QGX (QGX-V), a pioneer in mineral exploration in Mongolia, is capitalizing on some promising drill results at its Golden Hill project by arranging a $3.9-million private placement.The financing is bei…
Canadian Stock Exchange Indices (December 02, 2002)
DateNov. 26Nov. 25Nov. 22Nov. 21Nov. 20HighLowTSX Composite6477.776578.166553.896567.80…
LME Warehouse Levels (December 02, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 26 (change from Nov. 19 in brackets):MetalStock(tonnes)ChangeAluminium1279350(-9…
Lending Rates (December 02, 2002)
as of 4 pm ET, Nov. 26, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Prime4.25LIBOR US$ 3-month1.43LIBOR US$ 6-month1.48LIBOR US$ 1-year1.73Gold lease 3-month0.28Gold leas…
The Northern Miner — North American Mining Index (December 02, 2002)
67.19 (-1.24)(Sept. 30/98 = 100)…