Enter the dragon: China and the precious metals
Now that China is a key driver for commodities, the phrase “Enter the Dragon” is increasingly heard at commodity conferences.
News
Tanzanite One comes onstream
In August, following a 5-million placement,
Falling metals weigh on miners
Sagging metal prices sent the mining indices south during the holiday-shortened Sept. 1-7 report period. The gold index shed 3.26 points to end at 220.52, as the yellow metal lost US$9.55 per oz. to finish at US$398.10 in the afternoon in London o…
Commander cuts high-grade gold
Vancouver — Drilling on
Juniors reflect gold’s weakness
After making some headway in the previous trading period, Toronto Venture Exchange-listed companies gave back some ground as the U.S. dollar strengthened and the gold price eased on decreasing terrorist fears. The S&P-TSX Venture Exchange index de…
Crosshair cuts gold in Newfoundland
Vancouver-based
Exchange Rates (September 13, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)…
Global hedge books trimmed for fourth consecutive Q
Vancouver — Approximately 3.9 million oz. were trimmed from gold producers’ hedge books in the 3-month period ended June 30, marking the fourth consecutive quarter in which the global hedge book moved away from hedging.
The Northern Miner Indices (September 13, 2004)
North American Mining: 106.71 (-1.75)…
Hybrid cars and cobalt
Improvements in hybrid-electric vehicle technology are expected to boost demand for cobalt-based batteries. This newly emerging demand, combined with increases in cobalt use for other types of rechargeable batteries, turbine engines and gas-to-liq…
Shore announces dividend-in-kind
With the Star diamond project in Saskatchewan taking centre-stage,
Teck seeks dismissal in Lake Roosevelt lawsuit
An Aboriginal group in northeastern Washington state has filed a suit to force the U.S. Environmental Protection Agency (EPA) to enforce an administrative order against