LME Warehouse Levels (October 27, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 21 (change from Oct. 13 in brackets):MetalStock(tonnes)ChangeAluminium1368675(-7…
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Exchange Rates (October 27, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 21Oct. 20Oct. 17Oct. 16Oct. 15US$ in C$…
Canadian Stock Exchange Indices (October 27, 2003)
DateOct. 20Oct. 17Oct. 16Oct. 15Oct. 14HighLowTSX Composite7719.85…
Fire shuts down Morenci
A fire at one of four solvent-extraction plants at Phelps Dodge’s Morenci copper mine in Arizona curtailed production for four days during the report period ended Oct. 21. The fire severely damaged fo…
Codelco under fire
State-owned Corporacion Nacional del Cobre de Chile (Codelco) has filed a document with the Third Criminal Court of Santiago that rejects allegations of a corrupt bidding process for recent mining-rel…
Imperial Metals expands Northeast zone (October 27, 2003)
Vancouver — The latest drill results have expanded the newly discovered Northeast zone on the past-producing Mount Polley copper-gold property, 56 km northeast of Williams Lake, B.C.So far, Imperial …
Harmony Gold cuts Russian ties
Facing pressure from South Africa’s Reserve Bank to consolidate ownership or cut bait with respect to overseas projects, Harmony Gold (HMY-N) has divested itself of its Russian holdings in two separat…
Underground mining resumes at Springlake
AfriOre (AFO-T) has resumed underground production at the Springlake anthracite mine, north of Dundee in the South African province of KwaZulu-Natal, after recovering the remains of a load-haul-dump m…
Builders and monuments
Two deaths in the months just past show that the Canadian mining industry is gradually passing out of the hands of a generation that made it great.In losing Douglas Hume and James Harquail, two well-k…
Accounting principles out of sync
The rationalization of the international gold mining industry is one of the most profound examples of globalization. The quest of the major players in this industry to reduce production costs, attract…
The Northern Miner Indices (October 27, 2003)
North American Mining: 94.07 (+1.63)Small Producers: 89.01 (+2.15)(Sept. 30/98 = 100)…
Wanted: flow-through extension
Securities reform and the federal “super” flow-through share program were at the top of the agenda of the Prospectors & Developers Association of Canada, when it submitted its brief at the recent mine…