BHP Billiton to sell art collection
London-based BHP Billiton plans to auction off its extensive collection of Australian art. The auction will take place in late August in Sydney.The 300-piece collection consists of works painted after…
News
Southern Peru exec appointed to gov’t post
Hans Flury, director of Southern Peru Copper, has become the country’s minister of energy and mines. He replaces Jaime Quijandria, who had held the office for two years.Flury, a corporate lawyer, is a…
People (August 11, 2003)
Alcoa — Rudolph Huber appointed VP Alcoa Global Businesses and chief information officer.Atrix Labs — Mark Wallace appointed CFO.Desert Mining — Gabriel Holt appointed to board and as…
Spot Prices Wednesday August 6, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$352.65-6.45Silver$4.93-0.17Platinum$684.00-9.00P…
De Beers boasts strong first half
Although the De Beers name is inevitably associated with polished diamonds and diamond jewelry, its core business remains the exploration for, and mining and marketing of, rough diamond gems.In 2002, …
Glamis lowers gold output
Vancouver — A production shortfall at its flagship San Martin mine in Honduras resulted in relatively flat profits for Glamis Gold (GLG-T) in the second quarter.The Reno-based company posted net inco…
Castleworth drills Pan (August 11, 2003)
Vancouver — The first drill results from an ongoing program indicate an expansion of the resource at the Pan gold project in Nevada.Castleworth Ventures (WTH-V) has intersected encouraging values in …
LME Warehouse Levels (August 11, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 5 (change from July 29 in brackets):MetalStock(tonnes)ChangeAluminium1307100(+13…
Exchange Rates (August 11, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 5Aug. 4Aug. 1Aug. 31Aug. 30US$ in C$1.4043Holiday1.39641.407…
Lending Rates (August 11, 2003)
as of 4 pm ET, Aug. 5, 2003(%)Bank of Canada3.25Canadian Prime4.75U.S. Discount Primary2.00U.S. Prime4.00LIBOR US$ 3-month1.14LIBOR US$ 6-month1.21LIBOR US$ 1-year1.41Gold lease 3-month0.14Go…
Canadian Stock Exchange Indices (August 11, 2003)
DateAug. 5Aug. 4Aug. 1July 31July 30HighLowTSX Composite7189.54…
Rally stalls
U.S. markets backed off the summer rally during the reporting period July 30-August 5, with the Dow Jones Industrial Average sliding 168.14 points to close at 9,036.32.It wasn’t a bad five days for th…