Noranda to idle Gasp copper smelter
Doing its bit to shore up copper prices, Noranda (NRD-T) will suspend production at the Gasp smelter in Quebec for at least six months, starting in May.Since January, copper has lost about 16% of its…
News
LME Warehouse Levels (December 10, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 4/01 (change from Nov. 27 in brackets):MetalStock (tonnes)ChangeAluminium722500(…
Analysts cautious on Pan American Silver
Vancouver-based Pan American Silver (PAA-T) is best known for being one of the purest exposures to silver for investors, and also for having Microsoft’s Bill Gates as a shareholder in the form of a 13…
Gold Fields inks deal with Radius (December 10, 2001)
Vancouver — Already holding a 12% equity stake in Radius Explorations (RDU-V), South African-based Gold Fields (GOLD-Q) has inked a deal with the junior to earn up to a 70% stake in a portion of the …
CDNX posts gains in active week
Vancouver — Canada’s junior exchange entered the Christmas season on a bullish note, posting gains on all indices during the week ended Dec. 4. The Canadian Venture Exchange composite index added 15….
Producer and Dealer Prices (December 10, 2001)
Antimony: Mid-mkt US$1,250/t.Bismuth: Mid-mkt US$3.25/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.95-8.25/lb.Copper: Comex Mar. US$0.709/lb.Indium: Indi…
Navigator, Chapleau identify tantalum target
Vancouver — Juniors Chapleau Resources (CHL-V) and Navigator Exploration (NVR-V) have discovered a third tantalum drill target at their jointly held Kougarok project in Alaska.The 55-sq.-km property …
Ivanhoe expands discovery zone at Turquoise Hill
Ivanhoe Mines (IVN-T) has released results from five holes on three contiguous mineralized zones at the Turquoise Hill project in southern Mongolia.Two holes were collared on the Discovery zone, a hig…
New targets at El Morro
Remote-sensing, combined with magnetic and induced-polarization surveys, has identified several targets at the El Morro copper-gold prospect in northern Chile, where Noranda (NRD-T) is earning a 70% i…
GREATEST VALUE TRADED, NOV. 28-DEC. 4
ExchgVal($000s)HighLowCloseChangeAlcoa*N47650138.8037.2538.10-0.18…
Asarco follows trend, cuts copper output
Vancouver — Joining the ranks of other major producers, Phoenix-based Asarco, a subsidiary of Grupo Mexico, has announced further cuts to its copper output. Production at the Mission mine in southern…
IMA cashes up for Peruvian exploration
Vancouver-based IMA Exploration (IMR-V) is looking to raise more than $1 million to fund exploration in Peru.The junior has arranged a non-brokered private placement of up to 2.7 million units priced …