Inco deals debentures
Taking advantage of low interest rates, Inco (N-T) intends to offer US$300 million worth of debentures in order to retire existing notes.Net proceeds, expected to top $297 million, are earmarked for t…
News
LME Warehouse Levels (October 06, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 29 (change from Sept. 23 in brackets):MetalStock(tonnes)ChangeAluminium1,370,875…
Resource-sector deals drive junior exchange
Vancouver — Canada’s junior exchange finished the week ended Sept. 30 with a modest gain, compared with previous weeks. The S&P-TSX Venture Exchange composite index finished the period up 3.53 points…
Northern Miner Indices (October 06, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrick GoldABX-T19.4%CamecoCCO-T3.6%FalconbridgeFL-T4.7%Freeport McM BFCX-N7.1%GoldcorpG-T4.4%IncoN-T7.8%Kinross GoldK-T4.3%Newmont Minin…
Exchange Rates (October 06, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept 29Sept 26Sept 25Sept 24Sept 23US$ in C$1.35461.3546…
Gold Fields, Anglo ink deal
Vancouver — South African-based rivals Gold Fields (GFI-N) and AngloGold (au-n) have elected to team up in the country’s Driefontein mining area.AngloGold will buy a portion of Gold Fields’ Block 1C1…
Corrections (October 06, 2003)
In our Sept. 29-Oct. 5 issue, we incorrectly reported that Wolfden Resources (WLF-T) had paid $6.5 million to Blackstone Ventures (BLV-V) to earn a 70% interest in two mining claims adjacent to Wolfde…
Mindoro, Panoro team up in Philippines
Vancouver — With drills turning on the Lobo property and metallurgical tests planned for the nearby Archangel project in the Philippines, Mindoro Resources (MIO-V) has dealt a portion of its Surigao …
Plexmar hikes to Peru (October 06, 2003)
Junior Plexmar Resources (PLE-V) has inked a deal to earn a full interest in the Marilia gold property in the Cajamarca department of northern Peru.The property, which covers 5 sq. km, is 15 km west o…
A commodity economy needs a commodity currency Swede reason
As the Canadian dollar continues to rise against its U.S. counterpart, the occasional bleats from the commentariat in favour of a monetary union with the United States are fewer and quieter. It seems …
Daily Metal Prices (October 06, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept 29Sept 26Sept 25Sept 24Sept 23Al Alloy1385/137…
Desert Sun sees open-pit potential at Morro do Vento
Desert Sun Mining (DSM-T) says results from drilling at its Jacobina property in Bahia state, Brazil, indicate that a low-grade resource could be built up at the Morro do Vento gold prospect.Results f…