Offshore, again
After the collapse of the junior exploration market in the late 1990s, it is an unusual and refreshing experience to see more work being done by junior companies in the Pacific Rim. Perhaps this means…
News
Spot Prices Wed. September 18, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$317.60+$2.10Silver$ 4.58+$0.05Platinum$552.00+$…
Nickel laterites fail to live up to early promise
The pioneers of Australia’s nickel laterite industry set the bar way too high. Just three years ago, they were the stars of the nickel business, determined to lower the industry cost curve and revolut…
Inco inks Thompson pact (September 23, 2002)
Members of the United Steelworkers of America local 6166, at Inco’s (N-T) operations in Thompson, Man., have approved a 3-year collective agreement.In a press release, the union says the deal “signifi…
Gold coin fetches record sum
One of the world’s rarest and most sought-after gold collector coins, the 1933 Double Eagle, was sold at Sotheby’s auction house in New York, N.Y., for US$7.6 million, a new record.The bidding, in US$…
Daily Metal Prices (September 23, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 17Sept. 16Sept. 13Sept. 12Sept. 11Al Alloy122…
LME Warehouse Levels (September 23, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 17 (change from Sept. 10 in brackets):MetalStock (tonnes)ChangeAluminium1292475…
Lending Rates (September 23, 2002)
as of 4 pm ET, Sept. 17, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.83LIBOR US$ 6-month1.83LIBOR US$ 1-year1.99Gold lease 3-month0.28Gold lea…
Write MPs about flow-through shares
The Prospectors & Developers Association of Canada is asking its members to participate in a letter-writing campaign to their members of Parliament in support of measures that would make the “super” f…
Producer and Dealer Prices (September 23, 2002)
Antimony: Recent trades: US$1,950-2,150/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.30/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.40-7.15/lb.Copper: Comex December US$0.68…
Base metals enjoy rally
Sept. 9-13 at a Glanceo Copper — The large net short could enable a rally on a sustainable basis if the economy improves.o Aluminum — U.S. demand data are still weak but show possible early signs of…
NAME CHANGES (September 23, 2002)
Tellis Gold Mining (TLL-V) has changed its name to Bannockburn Resources (BKN-V) on a 1-new-for-3-old-share basis.Brazilian International Goldfields (BGZ-V) has changed its name to…