LME Warehouse Levels (March 18, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 12 (change from March 5 in brackets):MetalStock (tonnes)ChangeAluminium953900(+…
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Northern Miner Indices (March 18, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mini…
Spot Prices Wed. March 13, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$293.75-$0.60Silver$ 4.50-$0.03Platinum$517.00+$…
Lending Rates (March 18, 2002)
as of 4 pm ET, Mar. 12, 2002(%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month2.00LIBOR US$ 6-month2.23LIBOR US$ 1-year2.85Gold lease 3-month0.60Gold leas…
Rubicon deals ground to Redstar Minerals, Wheaton River
Vancouver — With drilling already under way on its key properties in Ontario’s Red Lake district, Rubicon Minerals (RMX-V) intends to advance some of its other projects by dealing them to experienced…
Denison to modify name
Management of Denison Mines (DEN-T) has proposed changing its name to “Denison Energy” in order to reflect the company’s modern, split focus on both the uranium and oil and gas sectors.In addition, ma…
Copper, nickel lead price index
Base metals prices achieved fresh highs for the year during the 5-day report period ended March 8, maintaining the steep upward trend established since late February.So far, the London Metal Exchange …
Venezuela takes control of Las Cristinas (March 18, 2002)
Vancouver — Two rulings by Venezuela’s mines ministry have laid the groundwork for what could become a bidding war over control of the legally plagued Las Cristinas gold property in Bolivar state.The…
Future is bright: minister
As federal minister of natural resources, I look forward to playing a leading role in helping to improve the quality of life of Canadians through sustainable resource development. Ensuring that future…
NAME CHANGES (March 18, 2002)
Battlefield Mineral (BFM-V) has changed its name to BM Diamondcorp (BDI-V) on a 1-new-for-7-old-share basis.Kenrich Mining (KRC-V) has changed its name to Kenrich-Eskay Mining…
New valuation code out in draft form
Canada has moved closer to adopting standards for mineral property valuation with the draft report of a committee of the Canadian Institute of Mining, Metallurgy and Petroleum.The CIM’s Special Commit…
Int’l Curator cuts new zone
Vancouver — International Curator Resources (IC-T) has discovered a gold zone along strike of the Hunt target on the Assean Lake project, 120 km northeast of Thompson, Man.Collared 3.5 km away from t…