News
Open-pit vs. underground mining
The following is an excerpt from the ninth edition of Mining Explained, published by The Northern Miner. The book sells for $30 plus $3 for shipping and is available by calling 1-800-668-2374. E-mail:
Metal prices suffered another hefty price correction in late April, driven by fears of a slowdown in Chinese demand and tightening U.S. monetary policy. But owing to strong market-specific fundamentals, we still believe metals prices will strength… Vancouver — Drilling by Results from metallurgical tests indicate high recovery rates at Aluminum giant Alcan will slash 277 jobs at the Paris headquarters of Pechiney, with which it recently merged. The move is designed to ensure the Montreal-based company meets its target of saving US$350 million annually by the end of 2005. Vancouver — Record first-quarter earnings posted by Teck Cominco (TEK-T) were overshadowed by the company’s decision to halt development of the Pogo gold project in Alaska. Increased production of pricier copper and zinc enabled The firing of three senior executives at Nortel Networks at the end of April shows just how far large telecommunications companies have strayed from their history. BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)…Twin peak in metals prices forecast
Sunridge cuts high-grade copper at Debarwa
Met tests add up for Calcatreu
Alcan to chop jobs (May 10, 2004)
People (May 10, 2004)
Defiance advances Tasiast (May 10, 2004)
Higher Metal Prices propel Teck Cominco
Inmet triples profits
Nortel Networks shakeup raises more questions The Northern goes south
Daily Metal Prices (May 10, 2004)