Newmont funds Zarafshan expansion
Denver — Having inked a US$30-million financing agreement with the European Bank for Reconstruction and Development, Newmont Mining (NEM-N) is expanding the Zarafshan joint venture in Uzbekistan.Sinc…
News
Scoping study for Penasquito
Vancouver — Assay results from a 4,600-metre drill program over the Penasquito base metal property in Mexico have prompted Western Copper Holdings (WTC-T) and its Lima-based partner, Mauricio Hochsch…
Base metals stage comeback
A sense of optimism returned to the base metals complex between Jan. 8 and 12, as all the major metals ended the period strongly higher with firm bases of support. Copper prices gained 0.5% over the w…
The Northern Miner — North American Mining Index (January 22, 2001)
71.61 (-1.02)(Sept. 30/98 = 100)…
Spot Prices Wed. January 17, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$263.10-$3.60Silver$ 4.67+$0.14Platinum$628.00-$9…
Trivalence continues streak
Contributions from the recently opened Palmietgat mine in South Africa have enabled Trivalence Mining (TMI-V) to chalk up its sixth straight increase in quarterly diamond production.Trivalence owns a …
Placer Dome nixes African deals
Placer Dome (PDG-T) has terminated joint-venture option agreements with Channel Resources (CHU-T) and Solomon Resources (SRB-V) on the Bombore and Somifa gold projects in Burkina FasoPlacer…
Strongbow cuts massive sulphides at Avoca project
Vancouver — Initial results from a 7-hole drill program targeting the Carbonate zone at the Avoca massive-sulphide project in Ireland has returned encouraging values for operator Strongbow Resources …
Partners find zinc at Bambas in Peru
Vancouver — Mapping and sampling by equal partners Southwestern Gold (SWG-T) and Inco (N-T) have uncovered significant zinc mineralization at the Lince property in southern Peru. The property is part…
U of T short course set
The ever-active student chapter of the Society of Economic Geologists at the University of Toronto has arranged a short course on exploration for volcanogenic masive sulphide deposits for March 9.Enti…
LME Warehouse Levels (January 22, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 16/01 (change from Jan. 9 in brackets):MetalStock (tonnes)ChangeAluminium351725(…
EXCHANGE RATES (January 22, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)b>DateJan. 16Jan. 15Jan. 12Jan. 11Jan. 10US$ in C$…