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LME Warehouse Levels (April 22, 2002)

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 16 (change from April 9 in brackets):MetalStock (tonnes)ChangeAluminium1052975(…


Daily Metal Prices (April 22, 2002)

BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateApril 16April 15April 12April 11April 10Aluminium13…



Nevada third-largest gold producer

In 2001, the total value of mineral production from mines in Nevada reached US$2.5 billion, most of which came from gold operations.The state produced more than 8 million oz. gold for the fourth year …


Queen’s to host symposium

Dr. Malcolm McPherson, associate dean for research and graduate studies at Virginia Tech University, will be the keynote speaker at the ninth Mine Ventilation Symposium, to be held June 8-12 at Queen’…


Lending Rates (April 22, 2002)

as of 4 pm ET, Apr. 16, 2002 (%)Bank of Canada2.50Canadian Prime4.00U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.97LIBOR US$ 6-month2.20LIBOR US$ 1-year2.78Gold lease 3-month0.42Gold lea…


Workers seize assets of Zimbabwean mine

Workers have seized the assets of a gold mine near Mberengwa in southwestern Zimbabwe.At presstime about 300 workers had taken control of Procter Metals stamp mill in response to alleged provocation b…


Inmet extends Aussie base metal find

Drilling by Inmet Mining (INM-T) has intercepted strong zinc-copper-silver grades at the Teutonic Bore project in Western Australia, extending the strike length of a high-grade discovery to more than …


Diamondex budgets $3-4m for exploration in ’02

Having discovered and developed the Snap Lake diamond project, which De Beers purchased in 2000 for about $480 million, the technical team of Diamondex Resources (DSP-V) is continuing to explore for k…


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