Northern Miner Indices (January 13, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T19.5%CamecoCCO-T3.1%FalconbridgeFL-T4.0%Freeport BFCX.B-N5.7%Glamis GoldGLG-T3.3%GoldcorpG-T5.4%IncoN-T9.0%Meridian GoldMNG-T…
News
Producer and Dealer Prices (January 13, 2003)
Antimony: Mid-mkt US$2,500/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.57/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.40-7.35/lb.Copper: Comex Mar US$0.736/lb.Indium: Indiu…
Daily Metal Prices (January 13, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 7Jan. 6Jan. 3Jan. 2Dec. 31Al Alloy1330/1320…
Fire at Muskeg River mine
Production of bitumen at Shell Canada’s (SCH-T) Muskeg River mine, 75 km north of Fort McMurray, Alta., has been halted following a fire.The fire resulted from explosions in the froth treatment area, …
Phelps to sell mining town
Playas, N.M., a virtual ghost town since Phelps Dodge halted operations at a nearby copper smelter in September 1999, has been put up for sale by the mining giant. Price: US$3.2 million.The 2.6-sq.-km…
Poland looks to restructure mining industry
The jobs of thousands of miners in Poland are at risk following the expiration of a government bill that protects the mining industry from bankruptcy.The government wants to restructure the industry a…
McWatters director opens own account
Recent insider trading transactions reported by the Ontario Securities Commission include the following:q Anatolia Minerals Development (YMC.U-V) — Erden Yuksel, who is an insider under the Ontario S…
Chile scores high in Fraser rankings
Chile is the best region in the world for mining investment, according to the sixth annual survey of mining executives conducted by the Fraser Institute of Vancouver, B.C.The South American country us…
Tiberon expands Nui Phao tungsten deposit
Drilling cuts thick intervals, good grades at Vietnamese prospectVancouver — Drilling by Tiberon Minerals (TBR-T) at the Nui Phao polymetallic property in northern Vietnam has confirmed the existence…
IMA adds ground in Patagonia (January 13, 2003)
Vancouver — Results from grassroots exploration have induced IMA Exploration (IMR-V) to acquire more ground in the Patagonia region of southern Argentina.Through staking, the junior added 240 sq. km,…
Declining markets take too many by surprise
We recorded, at the end of last year, that Goldman Sachs’ chief economic strategist, Abby Joseph Cohen, was predicting an 18% gain for the Standard & Poor’s 500 in 2002. We trust that the knowledge th…
Wolfden buys out My-Ritt partner
In return for cash and shares, Wolfden Resources (YWO-V) can acquire the 30% interest in the My-Ritt property it does not already own.Situated in the Red Lake region of northern Ontario, My-Ritt is ch…