South African mines among most dangerous
Nineteen people died in South African mine accidents in June, two others were disabled, and 334 more were injured, according to the Department of Minerals and Energy.The June figures compare with 21 d…
Articles by Northern Miner Staff
Aussie gov’t orders shorter work week
Workplace Standards, an Australian government body designed to protect workers, has ordered a Tasmanian mine contractor to cut back on its work week at the Mt. Lyell copper mine on Tasmania’s west coa…
AMC, Ford nix Stanwell deal
Australian Magnesium Corp. (AMC) and U.S. car giant Ford Motor Co. have scrapped a A$2-billion magnesium supply agreement.The agreement called for AMC to supply Ford with half the output from the part…
Spot Prices Wednesday July 16, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$343.00-2.45Silver$4.67-0.07Platinum$685.00+20.00…
Producer and Dealer Prices (July 21, 2003)
Antimony: Mid-mkt US$2,380/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$10.15-11.00/lb.Copper: Comex Sept. US$0.794/lb.Indium: Indium Corp., ingot, US$140/kg.Irid…
Canadian Stock Exchange Indices (July 21, 2003)
DateJuly 15July 14July 11July 10July 9HighLowTSX Composite7116.087115.987077.567071.54…
Convict admits to bombing Giant mine
Roger Warren, the man convicted of murder after an explosion at the Giant gold mine in Yellowknife, N.W.T., killed nine people in 1992, has admitted he acted alone and did not intend to kill anyone.Wa…
Rubicon drills in Red Lake
Junior Rubicon Minerals (RMX-V) has renewed drilling at the Rivard property in Ontario’s Red Lake camp.The 7,500-ft. program follows a first phase, completed earlier this year, which produced a best r…
Suit claims Barrick misled investors
Two U.S.-based law firms have launched a class-action suit against Barrick Gold (ABX-T) for allegedly misleading investors by forecasting higher earnings than the company delivered last year.Barrick, …
Australia aims to revive mining
Mining is Australia’s biggest export industry, and concerns are growing that it could suffer greatly as a result of a slump in exploration.In the past 10 years, annual exploration expenditures Down Un…
Base metals: higher with caution
(The following excerpt from The Commodity Refiner, a monthly publication of Barclays Capital Research, provides an overview of current base metals markets.)A comparison of actual base metals prices in…
LME Warehouse Levels (July 21, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 15 (change from July 8 in brackets):MetalStock(tonnes)ChangeAluminium1250900(+73…