Renard 3 yields larger stones (July 02, 2002)
Having recovered more than 2,500 diamond fragments from what they believe could have been at least two stones great…
News
Freeport issues Q2 production warning
Heavy rainfall at its Grasberg mine in Irian Jaya, Indonesia, and a delay in accessing higher grade ore has forced…
Ursa Major bats .500 at Shakespeare
Two of four recently sunk holes by Ursa Major Minerals (YMJ-V) on the Shakespeare property west of Sudbury, Ontario…
GREATEST VALUE TRADED, JUNE 19-25
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N59682229.7527.6628.60+0.28…
Daily Metal Prices (July 01, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJune 25June 24June 21June 20June 19Aluminium1325/13…
Rio Narcea rewrites hedge book
With its own future looking brighter and bullion prices picking up, Rio Narcea Gold Mines (RNG-T) has restructured its hedge book.In late 2000, the company borrowed US$24 million from Deutsche Bank to…
AurionGold eyes sweetener (July 01, 2002)
As expected, the board of directors of Aussie takeover target AurionGold has advised shareholders not to accept Placer Dome’s (PDG-T) all-share bid, as it wrangles for a cash sweetener.In a letter acc…
First Quantum forges ahead at Kansanshi
A positive engineering report has prompted First Quantum Minerals (FM-T) to proceed with a bankable feasiblity study of the Kansanshi copper-gold deposit in Zambia.Kansanshi is Zambia’s oldest mine, d…
News – 01-JUL-02
Licensure closing in
Ontario geologists and geophysicists may find it wise to watch the calendar this summer. At the end of August, their livelihood may depend on having a professional licence.The Geoscientists Act, passe…
Demand outlook positive for metals markets
Although prices managed to recover by Friday, June 21, the overall performance, especially by base metals, was poor during the week under review.The precious metals complex continued to fare slightly …
LME Warehouse Levels (July 01, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 25 (change from June 11 in brackets):MetalStock (tonnes)ChangeAluminium1227150(+…