Companies examine underwater volcanoes
Australian-based Neptune Resources is seeking permission from the New Zealand government to explore for high-grade massive sulphides in the Pacific Ocean.The massive sulphides are associated with hydr…
News
Metal Prices (July 16, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJuly 10July 9July 6July 5July 4Aluminium1431/1459…
LME Warehouse Levels (July 16, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 10/01 (change from July 3 in brackets):MetalStock (tonnes)ChangeAluminium622475(…
Canadian Stock Exchange Indices (July 16, 2001)
DateJuly 10July 9July 6July 5July 4HighLowTSE 3007558.697640.687594.127682.977730.611…
Analyst sees best buys at bottom of food chain
Gold analysts have watched the yellow metal’s sluggish performance for several years now, with some keeping the faith better than others. John Ing of Maison Placements Canada still ranks among the mos…
Luderitz Bay sparkles for partners
Partners Diamond Fields International (DFI-T) and Trans Hex Group of South Africa have recovered more than 9,600 diamonds from their Luderitz Bay grant off the coast of Namibia.The stones, which weigh…
MOST ACTIVE ISSUES, JULY 4-10
ExchgVol(000s)HighLowCloseChangeAlcoa*N1149241.8039.2739.50-0.90…
Aurizon reworks Casa Berardi payment (July 16, 2001)
TVX Gold (TVX-T) has agreed to grant Aurizon Mines (ARZ-T) a 2-year extension, to August 2003, for the payment of $4 million related to the acquisition of the Casa Berardi gold property in northwester…
GREATEST VALUE TRADED, JULY 4-10
ExchgVal($000s)HighLowCloseChangeAlcoa*N45396641.8039.2739.50-0.90…
Pessimism batters euro, bolsters dollar Currencies and confidence
A growing number of economists agree that the U.S. dollar is over-valued, but that hasn’t stopped investors from shunning the euro, which dipped to fresh seven-month lows last week after the European …
Freeport enjoys strong quarter
Denver — Improved ore grades and record throughput at the Grasberg copper-gold operation in Irian Jaya, Indonesia, should propel Freeport-McMoRan Copper & Gold (FCX-N) to a profitable second quarter….
Alcan celebrates centenary
Alcan is celebrating its centenary by donating the buildings where the first aluminium casting took place plus $1.1 million to La Cit de l’Energie, a non-profit corporation in Quebec, which has agree…