News

Southern Rio gains BC foothold (November 26, 2001)

Shifting its focus from South America to precious metal properties in Canada, Southern Rio Resources (SNZ-V) has inked a deal to acquire the Duke copper property, 30 km west of Merritt, B.C.In return,…


Consolidation afoot in Free State

Joint bidders Harmony Gold Mining (HGMCY-Q) and African Rainbow Minerals (ARM) have succeeded in their offer to buy the Free State assets of AngloGold (AU-N) for R2.2 billion in cash.R1.8 billion is p…


Platosa yields mixed results (November 26, 2001)

Vancouver — Three drill holes at the Platosa base metal property in west-central Mexico have returned significant mineralization for Excellon Resources (EXN-V).Two of the holes tested the lateral off…






Producer and Dealer Prices (November 26, 2001)

Antimony: Mid-mkt US$1,225/t.Bismuth: Mid-mkt US$3.50/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.50-7.10/lb.Copper: Comex Dec. US$0.673/lb.Indium: Indi…


Daily Metal Prices (November 26, 2001)

BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 20Nov. 19Nov. 16Nov. 15Nov. 14Aluminium1352/1367.501375/1389.501370/1388…


Newmont still volume leader

The New York Stock Exchange finished in positive territory over the report period Nov. 14-20, adding 150.43 points to close at 9,901.38.Like last week, the big newsmaker was Newmont Mining, which was …


Writedowns affect Manhattan’s earnings

Vancouver — Writedowns on the sale of its Mexican operations have prompted Manhattan Minerals (man-t) to restate losses for the 3- and 9-month periods ended Sept. 30, 2000.Excluding the charge from d…


Signs of hope for base metals

In the immediate term, base metals prices are in a more robust state than they have been for some time. Copper prices ended the report period Nov. 12-16 up 7.1%, aluminum was 6.7% stronger, and zinc g…


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