Producer and Dealer Prices (May 20, 2002)
Antimony: Mid-mkt US$1,250/t.Bismuth: Mid-mkt US$3.15/lb.Cadmium: Mid-mkt US$0.25/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.45-8.85/lb.Copper: Comex May US$0.7450/lb.Indium: Indi…
News
Canadian Stock Exchange Indices (May 20, 2002)
DateMay 14May 13May 10May 9May 8HighLowTSX Composite7716.917661.407596.067632.267707.82…
Wheaton arranges financing
To help finance the US$75-million purchase of Minas Luismin, a Mexican gold-silver producer, Wheaton River Minerals (WRM-T) has arranged a brokered private placement comprising 82 million special warr…
Anooraq inks Amplats deal in Bushveld
Vancouver — It used to be that only the powerful South African majors had any hope of holding ground in the Bushveld igneous complex, home to 80% of the world’s known resources of platinum group meta…
Junk science takes many forms
The United States Department of Energy recently got a memo back from its Inspector-General, the internal auditor charged with making sure taxpayers’ money is spent sensibly. Like his counterparts in m…
The legend of ‘Pass da h’axe’
Many and varied are the tales that have sprung up from the fabulous Canadian North. This savage untamed, beautiful but cruel hinterland has attracted men with personalities as diverse as their backgro…
Canada’s mineral output at near record levels
The value of Canadian mineral production reached $83.8 billion in 2001, only slightly less than in the previous year, according to Natural Resources Canada.The high value is mostly due to strength in …
DIAND assists NWT in training miners
The Northwest Territories will receive $212,500 from the federal Department of Indian and Northern Development to train miners.A portion of the funds will be used to set up an apprenticeship program f…
Fraud scheme lands metal traders in jail
The U.S. Attorney for the southern district of New York state and the Federal Bureau of Investigation have arrested four base metals traders on charges of running an alleged global fraud scheme that c…
Fukuda to leave WGC
Haruko Fukuda, chief executive of the World Gold Council, will leave the London-based organization in late June.Fukuda assumed the post in 1999, just as the British government announced it would sell …
Metals markets stay focused on fundamentals
There has been a clear split in metals price movements during the report period May 6-10 as copper and nickel held on to higher levels, while aluminum and zinc fell sharply. This is evidence of a grea…
Low copper prices dent Codelco’s bottom line (May 20, 2002)
Vancouver — Low prices caused the world’s largest copper producer, Corporacion Nacional del Cobre de Chile (Codelco), to suffer a 37% plunge in profits in the first quarter.The company, wholly owned …