Monroe manages risks with methodical approach
Schweizer Reneke, South Africa — Neels Badenhorst plucks a small, clear diamond off the grease table and pops it into his mouth. Dangling from a leather string around his neck is a vial filled with o…
News
South Africans target platinum in Zimbabwe
Vancouver — Over the past decade, platinum miners have been eager to advance known deposits on Zimbabwe’s Great Dyke, home to the world’s second-largest reserve of platinum. However, a strong nationa…
Harmony launches gold bars
Harmony Gold Mining, South Africa’s third-largest gold producer, is marketing a series of branded gold bars to consumers at home and abroad, with 90% of the product bound for India.Although South Afri…
Investment demand for gold will wane as PGMs gain in appeal
The following is the first of several instalments of The Commodity Refiner, published by London-based Barclays Capital Research. This week we examine precious metals markets; subsequent instalments wi…
NovaGold, Placer boost Donlin Creek
Vancouver — Partners NovaGold Resources (NRI-T) and Placer Dome (PDG-T) have increased the measured and indicated resources at the Donlin Creek deposit in Alaska.The deposit, in which NovaGold has a …
Busy week for base metals
The base metal miners took the spotlight away from the golds during the report period ended April 15.BHP Billiton rose 20 to US$11.56 as it launched a 10-year, US$850-million global bond, part of whi…
Latest Tirisano auction a hit (April 21, 2003)
The latest parcel of diamonds pulled from a test panel dug at the Tirisano alluvial diamond mine in South Africa has fetched more than was expected, lending further support to the revenue projections …
Lending Rates (April 21, 2003)
as of 4 pm ET, Apr. 15, 2003(%)Bank of Canada3.50Canadian Prime5.00U.S. Discount Primary2.25U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.32LIBOR US$ 6-month1.33LIBOR US$ 1-year1.44Gold …
Exchange Rates (April 21, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 15April 14April 11April 10April 9US$ in C$1.45151.45321.4516…
LME Warehouse Levels (April 21, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 15 (change from April 8 in brackets):MetalStock(tonnes)ChangeAluminium1221850(-…
Producer and Dealer Prices (April 21, 2003)
Antimony: Mid-mkt US$2,530/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$9.00-10.00/lb.Copper: Comex May US$0.733/lb.Indium: Indium Corp., ingot, US$140/kg.Iridium…
Spot Prices Wednesday April 16, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$323.85-0.25Silver$4.49+0.01Platinum$624.00-1.00P…