Spot Prices Wed. May 29, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$352.20+$6.95Silver$ 4.91+$0.09Platinum$547.00+$…
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Daily Metal Prices (June 03, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMay 28May 27May 24May 23May 22Aluminium1336/1357…
Lending Rates (June 03, 2002)
as of 4 pm ET, May 28, 2002(%)Bank of Canada2.25Canadian Prime4.00U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.89LIBOR US$ 6-month2.10LIBOR US$ 1-year2.66Gold lease 3-month0.33Gold lease…
Voisey’s: rumor but no moves
The beginning of the summer construction season in northern Labrador is bringing speculation about a possible solution to the impasse over development of the Voisey’s Bay nickel project, southwest of …
Wardrop, Micon team up
Winnipeg-based Wardrop Engineering has entered into an agreement with another consulting firm, Toronto-based Micon International, to share their clientele.The two firms will be able to offer clients e…
Harmony prevails at gold mine
Striking workers have returned to the deep shafts of the Ranfontein gold mine in South Africa after a dispute over an accommodation allowance was resolved by representatives of Harmony Gold Mining and…
Queenstake moves Magistral project forward
Vancouver — With construction well under way on its 50% held Magistral project, Queenstake Resources (QRL-T) expects the latest bout of drilling to boost the overall economics of the advanced propert…
Commentary: Busang criticisms led to distortion
In this, the conclusion of a 2-part report, the author examines additional warning signs, or “red flags,” which supposedly should have been obvious to those involved in the Busang project in Indonesia…
Base metals steady as summer approaches
The major base metals continued to trade steadily to slightly lower during the report period May 20-24. The fillip of much-better-than-expected U.S. durable goods orders helped push prices to a fairly…
Investors demand platinum
The sharp fall in the platinum price between June and August 2001 stimulated strong interest in platinum investment products in both the U.S. and Japan.Sales of platinum coins from the U.S. Mint incre…
PEOPLE (June 03, 2002)
Falconbridge — Derek Pannell appointed deputy chairman; Aaron Regent appointed president and CEO.Matamec — Michel Robert and Claude Tremblay appointed directors.Silver Users — Michael…
Sustainable development, Part 1
In many countries, mining is no longer considered socially acceptable, and in order for companies to maintain shareholders and access to capital and land, the industry has to break with its reputation…