Producer and Dealer Prices (May 28, 2001)
Antimony: Mid-mkt US$1,245/t.Bismuth: Mid-mkt US$3.80/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$10.25-12.25/lb.Copper: Comex July US$0.7915/lb.Indium: I…
News
Partners plan drilling
A budget of $4.8 million has been approved by the Fort la Corne joint-venture partners for further drilling and evaluation of three kimberlite bodies at the Saskatchewan project.Partners De Beers Ca…
Resource indices breach 7000 mark
Vancouver — The resource indices fueled the continued bull run on Canada’s junior exchange over the holiday-shortened week ended May 22. The Canadian Venture Exchange composite index soared 100.28 po…
First Quantum eyes Kansanshi deposit
Vancouver — In keeping with its philosophy of growth through acquisition, First Quantum Minerals (FM-T) has signed a letter of intent with Phelps Dodge (PD-N) to earn an 80% stake in the Kansanshi co…
Politics of self-destruction BC’s day of retribution
It was over before it began, as one former cabinet minister learned when he went door-knocking on behalf of the New Democratic Party (NDP) during the recent election campaign in British Columbia. “Peo…
News – 28-MAY-01
Exchange Rates (May 28, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 22May 21May 18May 17May 16US$ in C$1.5407Holiday1.53301.5358…
Market catches gold fever
Denver — The Dow Jones industrial average surged again after a brief respite, climbing 384.27 points, or 3.5%, to 11,257.24, its highest point in 15 months. The Nasdaq hit 2313.85.Spot gold on the Ne…
Luhala reveals more gold
Drilling by Tan Range Exploration (TNX-V) has led to the discovery of more gold mineralization at the Luhala property in Tanzania’s Lake Victoria Goldfields district.The prospect, called Shilalo South…
Drilling planned for Knife
A planned 5-hole drilling campaign on the newly discovered Knife kimberlite pipe, 80 km south of Coronation Bay in Nunavut, is aimed at delineating the size and internal structure of the body, while p…
Namco inks Leviev deal
With shareholder and regulator approvals, Namibian Minerals (NMR-T) has issued 37.7 million treasury shares to the Leviev Group of Israel to net US$15 million in proceeds.The deal brings to US$27 mill…
Canadian Stock Exchange Indices (May 28, 2001)
DateMay 22May 21May 18May 17May 16HighLowTSE 3008395.31Holiday8270.5582…