News


Anglo gains Disputada for US$1.3 billion

Vancouver — Adding some muscle to its already-impressive base metals portfolio, London-based Anglo American (AAUK-Q) has agreed to buy Exxon Mobil’s (XOM-N) Chilean copper mining subsidiary for US$1….


Gold Funds (May 13, 2002)

Gold Funds as at May 2, 2002Dundee Precious MetalsCentral FundNet Value$21.88$5.75Price$16.75$6.16…


Lending Rates (May 13, 2002)

as of 4 pm ET, May 7, 2002(%)Bank of Canada2.50Canadian Prime4.00U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.90LIBOR US$ 6-month2.07LIBOR US$ 1-year2.55Gold lease 3-month0.40Gold lease …


NAME CHANGES (May 13, 2002)

Independent Res. (IDN-V) has changed its name to ILOVETV Entertainment (TV-V) on a 1-new-for-1-old-share basis.


Silver coin exceeds 100m oz. in sales

The U.S. Mint reports that sales of its American Eagle silver coin have topped 100 million oz.More than 100,700 of the 1-oz. coins have been sold since they were introduced in 1986. That’s equivalent …


Prices weak despite recovery prospects

The metals markets all gave way to price weakness during the report period April 29-May 3, even though manufacturing data from both the U.S. and the eurozone are providing clear evidence that improvem…


Responsibility and reason

The past decade has seen “socially responsible investing” grow from a fringe habit followed mainly by cartoon lefties, to a practice followed by a significant minority of investors. Like it or lump it…


CMHF calls for nominations

The Canadian Mining Hall of Fame’s (CMHF) board of directors has issued its annual call for nominations.The next group of inductees will be honoured at a ceremony in January 2003. Their names will be …




Producer and Dealer Prices (May 13, 2002)

Antimony: Mid-mkt US$1,250/t.Bismuth: Mid-mkt US$3.15/lb.Cadmium: Mid-mkt US$0.25/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.25-8.75/lb.Copper: Comex May US$0.7260/lb.Indium: Indi…


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