Countries to discuss sustainable mining
Canada and South Africa have announced that together they will seek a dialogue on sustainable development in the minerals sector as a follow-up to the World Summit on Sustainable Development, which to…
News
NovaGold eyes $10 million, cuts more gold
Banking on its continuing exploration success in Alaska, NovaGold Resources (NRI-T) will attempt to raise over $10 million by privately placing 2 million units at $5.10 apiece.Some of the proceeds are…
News – 16-SEP-02
The Global Mining Initiative
Economic growth, the essential condition of sustainable development, depends on the products of the mining industry. It is our responsibility to meet that demand, while at the same time addressing the…
Silver ‘fish’ cleans as it swims
A student has invented a solar-powered device that sanitizes water by releasing silver ions as it swims.The “fish” — aptly named by its inventor Ben Griffin, an undergraduate at Brunel University in …
LionOre to consolidate Aussie nickel operations (September 16, 2002)
Looking to consolidate its nickel mining interests down under, Toronto-based LionOre Mining International (LIM-T) has launched an A85-per-share bid for the 20% stake it doesn’t already own in its Aus…
Forum to discuss Aguas Blancas
At Industrial Minerals 2002, Richard Clark, president of Vancouver-based Atacama Minerals, will host a session entitled Aguas Blancas: Chile’s Newest Iodine Mine. The conference is slated for Oct. 22-…
Red Lake exploration shines
Underground drilling at the Red Lake gold mine in northwestern Ontario has cut the deepest and richest section of mineralization ever found there, reports Goldcorp (G-T).Hole 37-032AW returned an asto…
The Trouble Makers
Among the edifying spectacles of the recent World Summit on Sustainable Development were the speeches and public pronouncements of political leaders from three of the major mineral-producing countries…
Spot Prices Wed. September 11, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$315.50+$2.80Silver$ 4.53+$0.06Platinum$551.50+$…
Leading indicators bleak for base metals
Assuming that the ISM is a leading indicator of IP and base metal prices, the prospects for an improving economic environment (hence rising metal demand) and stronger metal prices from current levels …
Major U.S. indexes rally
Southern markets quickly regained their composure after falling back somewhat at the start of the new month. The Dow Jones Industrial Average surged ahead 294.56 points over the report period to finis…