Producer and Dealer Prices (May 13, 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$7.25-8.75/lb.Copper: Comex May US$0.7260/lb.Indium: Indi…
News
Canadian Stock Exchange Indices (May 13, 2002)
DateMay 7May 6May 3May 2May 1HighLowTSX Composite7561.377581.057663.857670.497647.308…
MOST ACTIVE ISSUES, MAY1-7
ExchgVol(000s)HighLowCloseChangeTVX GoldT356391.431.251.37+0.07…
CMHF calls for nominations
The Canadian Mining Hall of Fame’s (CMHF) board of directors has issued its annual call for nominations.The next group of inductees will be honoured at a ceremony in January 2003. Their names will be …
Responsibility and reason
The past decade has seen “socially responsible investing” grow from a fringe habit followed mainly by cartoon lefties, to a practice followed by a significant minority of investors. Like it or lump it…
Silver coin exceeds 100m oz. in sales
The U.S. Mint reports that sales of its American Eagle silver coin have topped 100 million oz.More than 100,700 of the 1-oz. coins have been sold since they were introduced in 1986. That’s equivalent …
Anglo gains Disputada for US$1.3 billion
Vancouver — Adding some muscle to its already-impressive base metals portfolio, London-based Anglo American (AAUK-Q) has agreed to buy Exxon Mobil’s (XOM-N) Chilean copper mining subsidiary for US$1….
LionOre buys out Anglo’s Tati stake (May 13, 2002)
LionOre Mining International (LIM-T) has struck a US$75.9-million, all-cash deal to buy Anglo American’s (AAUK-Q) nickel interests in Botswana.The assets include a 43.35% stake in Tati Nickel Mining C…
Agnico-Eagle buoyed by Q1 profits
Agnico-Eagle Mines (AGE-T) returned to profitability in the first quarter of 2002, after finishing 2001 with a loss of US$7.7 million.Net earnings in the recent quarter totalled US$477,000 (or 1 per …
AngloGold lowers costs (May 13, 2002)
Vancouver — In the first quarter, AngloGold (AU-N) felt the impact of the sale of its high-cost mines in South Africa as production dropped 340,000 oz. However, cash costs improved considerably to US…
Bloom defends article
In a letter to the editor that appeared last week, William Johnson claimed that my article “Fusion key step in fire assaying for PGEs” (T.N.M., Feb. 25-March 3/02) contained a plagiarism. I feel oblig…
The legend of Henry Levac
Henry P. Levac, a well-known woodsman in the Canadian exploration community, died recently. He was 75.Levac worked with dozens of geologists, engineers and geophysicists. In the field, he was renown f…