Base metals enjoy rally
Sept. 9-13 at a Glanceo Copper — The large net short could enable a rally on a sustainable basis if the economy improves.o Aluminum — U.S. demand data are still weak but show possible early signs of…
News
NAME CHANGES (September 23, 2002)
Tellis Gold Mining (TLL-V) has changed its name to Bannockburn Resources (BKN-V) on a 1-new-for-3-old-share basis.Brazilian International Goldfields (BGZ-V) has changed its name to…
Aussie success drives LionOre’s growth
Perth, Australia — The last couple of years have been stellar ones for LionOre Mining International (LIM-T). Through timely acquisitions and a string of grassroots discoveries in Western Australia, t…
The Northern Miner — North American Mining Index (September 23, 2002)
74.64 (-0.63)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (September 23, 2002)
78.83 (+1.59)(Sept. 30/98 = 100)…
Newmont, Barrick oversee expansion of Super Pit Down Under
Kalgoorlie, Australia — Nearly 20 years ago, gold entrepreneur Alan Bond used the word “rationalization” to describe the potential for improving profitability by combining all the mining operations i…
Friedland leading the charge in the land of Genghis Khan
The discovery by Ivanhoe Mines (IVN-T) of the world class copper-gold bearing porphyry system at Turquoise Hill in Mongolia’s remote South Gobi region highlights the untapped mineral exploration poten…
Offshore, again
After the collapse of the junior exploration market in the late 1990s, it is an unusual and refreshing experience to see more work being done by junior companies in the Pacific Rim. Perhaps this means…
Spot Prices Wed. September 18, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$317.60+$2.10Silver$ 4.58+$0.05Platinum$552.00+$…
Inco inks Thompson pact (September 23, 2002)
Members of the United Steelworkers of America local 6166, at Inco’s (N-T) operations in Thompson, Man., have approved a 3-year collective agreement.In a press release, the union says the deal “signifi…
Gold coin fetches record sum
One of the world’s rarest and most sought-after gold collector coins, the 1933 Double Eagle, was sold at Sotheby’s auction house in New York, N.Y., for US$7.6 million, a new record.The bidding, in US$…
Daily Metal Prices (September 23, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 17Sept. 16Sept. 13Sept. 12Sept. 11Al Alloy122…