Producer and Dealer Prices (December 16, 2002)
Antimony: Mid-mkt US$2,500/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.55/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.30-6.50/lb.Copper: Comex Mar US$0.745/lb.
Articles by Northern Miner Staff
Daily Metal Prices (December 16, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 10Dec. 9Dec. 6Dec. 5Dec. 4Al Alloy1314/1312…
WMC gains titanium asset
The biggest deal of the report period was WMC Resources’ US$87.5-million acquisition from South Africa’s Southern Mining of the world’s largest undeveloped titanium mineral-sands deposit: Corridor San…
Gold shines as Iraqi stalemate continues
Profit-takers outnumbered investors over the Dec. 4-11 report period, causing the Toronto Stock Exchange composite index to lose 43.41 points. The index finished the week at 6,597.20.Gold, buoyed by n…
Diavik nears startup
Construction of the Diavik diamond mine, in the Northwest Territories, is expected to be close to completion by year-end.London-based Rio Tinto (RTP-N) and its Canadian partner, Aber Diamond (ABZ-T), …
Rubicon tests Rivard
Vancouver — A first phase of drilling by Rubicon Minerals (RMX-V) at its recently acquired Rivard gold project in northwestern Ontario is investigating mineralization downdip of surface occurrences.S…
Inco reviews Goro development
Facing sudden and significant cost overruns, Inco (N-T) will be reviewing its Goro nickel laterite project in the French Pacific territory of New Caledonia.The company is beginning a 6-month engineeri…
Miramar sets sights on Boston Deeps (December 16, 2002)
Vancouver — The largest drill program planned for Canada in 2003 may have got 9,000 metres bigger, now that Miramar Mining (MAE-T) intends to test the depth potential of the Boston deposit at the Hop…
Correction (December 16, 2002)
A recent insider trading report should have stated that Michael Terrel, director of St. Jude Resources (SJD-V), bought 23,000 shares directly at 65-80 apiece and 525,145 shares indirectly and private…
Aluminum subdued as tin trends upward
The following was culled from Barclays Capital’s monthly report The Commodity Refiner:AluminumThree-month aluminum prices managed to trade 4.2% higher during October and another 3% firmer by mid-Novem…
GoldOre nabs La Plata (December 16, 2002)
Vancouver-based GoldOre Resources (GOZ-V) has purchased the La Plata copper property, near Durango, Colo., in exchange for shares and the assumption of US$35,000 of debt.La Plata overlies a porphyry s…
New silver coin law in US
President George W. Bush has signed legislation that creates a new market for domestic silver in government-minted coins.The silver, which will be bought by the U.S. Treasury on the open market, will …