Lending Rates (August 05, 2002)
as of 4 pm ET, July 30, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.82LIBOR US$ 6-month1.86LIBOR US$ 1-year2.07Gold lease 3-month0.32Gold leas…
Articles by Northern Miner Staff
Anglo American bids farewell to Kolwezi
Anglo American (AAUK-Q) has decided to sell its half-interest in Congo Mineral Developments (CMD), the joint venture that holds a 60% interest in the Kolwezi copper-cobalt tailings project in the Demo…
Canadian Stock Exchange Indices (August 05, 2002)
DateJuly 30July 29July 26July 25July 24HighLowTSX Composite6511.186483.076309.946278.446382.13…
Gold Funds (August 05, 2002)
Gold Funds as at July 25, 2002Dundee Precious MetalsCentral FundNet Value$19.88$5.98Price$15.05$6.20…
Mining charter ‘unacceptable’ says Anglo
The South African government’s Minerals and Petroleum Resources Development Bill would see black-controlled businesses own 51% of all new mines in the country within 10 years, an arrangement Anglo Ame…
Nevada Star hunts for PGEs
Anchorage, Alaska — Nevada Star Resource (NEV-V) has assembled a prospective nickel/copper/platinum-group-metal land package on the southern flanks of the Alaska range, 402 km northeast of here.The p…
AurionGold rejects cash-sweetened bid
Vancouver — Directors of Australian miner AurionGold are sticking to their guns and advising shareholders to reject a revised, hostile bid from Placer Dome (PDG-T).With falling gold prices knocking P…
Phelps Dodge takes loss in quarter (August 05, 2002)
Copper producer Phelps Dodge (PD-N) lost money in the three months ended June 30 but was able to reduce operating and overhead costs and clear off debt.The Arizona-based company booked a loss of US$36…
News – 05-AUG-02
Silver demand slated to rise
As the global economy improves this year, demand for silver should recover from 2001 levels, according to World Silver Survey 2002, published by the Washington, D.C.-based Silver Institute.Silver fabr…
The Northern Miner — North American Mining Index (August 05, 2002)
70.81 (+3.95)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (August 05, 2002)
68.38 (-3.34)(Sept. 30/98 = 100)…