IMF forecasts spur optimism
Metals prices turned in another poor performance during the report period Sept. 24-28 as fears over the global economic outlook intensified. Of the major London Metal Exchange metals, nickel and zinc …
News
Namibian gets debt reprieve
Junior Namibian Minerals (NMR-T) has been granted another month to restructure its debt.The moratorium, which has yet to be ratified by Namibian’s credit insurers, means that repayments on US$21.25 mi…
Staff Investment Policy (October 08, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Spot Prices Wed. October 3, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$289.95-$1.65Silver$ 4.59+$0.04Platinum$438.00-$…
LME Warehouse Levels (October 08, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 2/01 (change from Sept. 25 in brackets):MetalStock (tonnes)ChangeAluminium721300(+13275)Alumi…
Producer and Dealer Prices (October 08, 2001)
Antimony: Mid-mkt US$1,400/t.Bismuth: Mid-mkt US$3.60/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$8.20-9.50/lb.Copper: Comex Dec. US$0.65/lb.Indium: Indiu…
Canadian Stock Exchange Indices (October 08, 2001)
DateOct. 2Oct. 1Sept. 28Sept. 27Sept. 26HighLowTSE 3006839.586799.016838.566669.456654.83…
Rio Tinto’s drilling leaves partners bullish on Cukurdere’s grade potential
Reverse-circulation drilling by Anatolia Minerals Development (YMC.U-V) and Rio Tinto (RTP-N) at the Cukurdere gold project in Turkey has returned short intervals grading better than 1 gram per tonne….
Peru’s new president vows to keep mining strong
Arequipa, Peru — Mining is a pillar of Peru’s economy, and newly elected President Alejandro Toledo intends to keep it that way.Toledo, who assumed his new post in July, recently offered reassurance …
Testing the ‘safe haven’ theory
Unless an all-out investor-led recovery in gold as a “safe haven” develops, prices will likely remain subdued as a slowdown in the world economy undermines demand for items made with the yellow metal….
Metorex axes Chibuluma South
Falling copper prices and climbing processing costs have forced London-listed Metorex to pull the plug on the Chibuluma South copper mine in Zambia.The company says the high-grade deposit will be retu…
Masuparia cuts high grade at Greywacke property
Vancouver — Masuparia Gold (MPG-V) has kicked off a 1,000-metre drill program at its Greywacke project, 90 km northeast of La Ronge, Sask.The first hole intersected 22.9 grams gold per tonne over a t…