Ashanti restructures debt as operations improve
Ghanaian gold miner Ashanti Goldfields (AHD.U-T) took another step out of the wilderness as a committee of its lenders agreed to a scheme to turn US$219 million of debt maturing in March into shares a…
News
Bell Allard workers ratify 3-year agreement
Workers at Noranda’s Bell Allard zinc mine in Matagami, Que., have voted 80% in favour of a 3-year collective agreement. The previous contract expired in November 2001.The new agreement includes a wag…
Pan American Silver boosts output
Vancouver — Pan American Silver (PAA-T) increased its production levels in 2001 as a result of opening two mines in Latin America.The company now has a total of three operations in Peru and Mexico, a…
Canadian Stock Exchange Indices (February 04, 2002)
DateJan. 29Jan. 28Jan. 25Jan. 24Jan. 23HighLowTSE 3007567.147643.737659.297657.597598.45…
Solitario cuts PGM mineralization at Pedra Branca in Brazil
Vancouver — Solitario Resources (SLR-T) has intersected additional platinum-palladium mineralization on two prospects at its Pedra Branca project in Brazil.Significant mineralization was intersected …
Phelps Dodge bleeds red
The world’s second-biggest copper producer, U.S.-based Phelps Dodge, was the newsmaker of the week as it posted a US$275-million loss in 2001 on revenue of US$4 billion, compared with US$29 million ea…
Mongolian copper-gold find returns hot intercept
The latest drill results from the Turquoise Ridge copper-gold porphyry discovery in southern Mongolia show that the Southwest Oyu zone has high grades and considerable size potential, prompting Ivanho…
Dealing with language
One of the topics that comes up from time to time in the Strategic Export Marketing Program, organized by the Canadian Association of Mining Equipment and Services for Export (CAMESE), is the use of f…
Bauxite output doubles
After languishing during the first half of the 1990s, the bauxite and alumina industries have expanded in recent years, according to a report by London-based Roskill Information Services.The Economics…
GREATEST VALUE TRADED, JANUARY 23-29
ExchgVal($000s)HighLowCloseChangeAlcoa*N62575336.4434.6034.76+0.81…
Exchange Rates (February 04, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 29Jan. 28Jan. 25Jan. 24Jan. 16US$ in C$1.59041.61251.60791.6…
Daily Metal Prices (February 04, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 29Jan. 28Jan. 25Jan. 24Jan. 23Aluminium1344/13…