Spot Prices Wed. May 16, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$269.10+$3.90Silver$ 4.44+$0.12Platinum$609.00+$…
Articles by Northern Miner Staff
Nickel enjoys dramatic rally
Metals markets were volatile during the report period May 7-11, with sharp downward adjustments in aluminum and copper prices and a dramatic rally in nickel. The London Metal Exchange (LME) 3-month ni…
Int’l Annax cuts high grade at Dairi
Diamond drilling at the Dairi zinc-lead project in North Sumatra, Indonesia, is testing the southernmost limits of the high-grade Anjing Hitam zone.International Annax Ventures (IAX-V) reports that th…
TVX board OKs note conversion
The board of directors of TVX Gold (TVX-T) has unanimously approved a proposal to force an early conversion of the company’s US$250-million, gold-linked convertible notes.The move would be highly dilu…
Co-regulation in South Africa
The first conference on environmentally responsible mining in Southern Africa will be held Sept. 25-28 in Muldersdrift, near Johannesburg. Organized by the South Africa Chamber of Mines, the internati…
Harvey, Lassonde win CIM awards
Yves Harvey, former president of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), received a distinguished service award at the recent CIM MineSpace conference in Quebec City.In addit…
Gas explosion claims 12
A methane explosion has killed 12 people at the Beatrix gold mine in South Africa’s Free State.The accident occurred after an underground fan broke down, resulting in a buildup of methane gas, says Go…
Drilling technique could save coal miners money
A drilling technique for coal mining using methane extraction technology has been developed by the Cooperative Research Centre (CMTE) in collaboration with BHP Mitsui Coal. Both are based in Brisbane,…
Northern Miner Indices (May 21, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T19.3ComincoCLT-T5.1FalconbridgeFL-T6.7Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N6.7Homestake MiningHM-N4….
Gold companies show signs of life after auction
Gold staged a bit of a rally during the May 9-15 report period, as the yellow metal climbed US$3.90 to trade at US$269.10 per oz. in London on the morning of May 16.Amid the price rise, the Bank of En…
Gold weathers latest auction
Denver — The Dow Jones industrial average dipped 10.54 points, or 0.01%, to 10,872.97 for the report period ended May 15, despite a 0.5% interest rate cut by the U.S. Federal Reserve.However, spot go…
EXCHANGE RATES (May 21, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 15May 14May 11May 10May 9US$ in C$…