Anaconda gets serious
Anaconda Nickel, which mines laterite nickel Down Under, has agreed to sell Anaconda Industries to fellow Aussie Lynas Corp for A$5 million. (Anaconda Industries is the holding company for Anaconda’s …
News
Spot Prices Wed. April 17, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$300.15+$1.45Silver$ 4.45-$0.11Platinum$542.00+$…
Producer and Dealer Prices (April 22, 2002)
Antimony: Mid-mkt US$1,250/t.Bismuth: Mid-mkt US$3.15/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.50-7.25/lb.Copper: Comex May US$0.726/lb.Indium: Indiu…
Canadian Stock Exchange Indices (April 22, 2002)
DateApril 16April 15April 12April 11April 10HighLowTSE 3007841.577761.317730.987688.737800.06…
LME Warehouse Levels (April 22, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 16 (change from April 9 in brackets):MetalStock (tonnes)ChangeAluminium1052975(…
Daily Metal Prices (April 22, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateApril 16April 15April 12April 11April 10Aluminium13…
Workers seize assets of Zimbabwean mine
Workers have seized the assets of a gold mine near Mberengwa in southwestern Zimbabwe.At presstime about 300 workers had taken control of Procter Metals stamp mill in response to alleged provocation b…
Inmet extends Aussie base metal find
Drilling by Inmet Mining (INM-T) has intercepted strong zinc-copper-silver grades at the Teutonic Bore project in Western Australia, extending the strike length of a high-grade discovery to more than …
Diamondex budgets $3-4m for exploration in ’02
Having discovered and developed the Snap Lake diamond project, which De Beers purchased in 2000 for about $480 million, the technical team of Diamondex Resources (DSP-V) is continuing to explore for k…
Silver used in bandages
Advanced Medical Solutions (AMS) of the U.K. will use silver-based fibres in its bandages following an agreement to join forces with Noble Fiber Technologies (NFT) of Pennsylvania.Silver is used as an…
Goldcorp packs on financial muscle
Mid-tier gold producer Goldcorp (G-T) has nearly doubled its cash reserves by selling US$144 million worth of units to a syndicate of underwriters.The bought deal, led by Griffiths McBurney & Partners…
MAC awarded for GHG emissions work
The Mining Association of Canada (MAC) has received an award for its efforts to reduce greenhouse gas (GHG) emissions.The award was presented at a ceremony in Ottawa by the Voluntary Challenge and Reg…