Mixed week in US trading
In the face of declining base and precious metals, a number of U.S.-listed mining majors still managed to trade higher over the report period, as investors showed interest in old-economy cyclicals.BHP…
News
Lower grades at Grasberg push Freeport into the red
Vancouver — Lower grades at the mighty Grasberg mine in Indonesia resulted in decreased production and a fourth-quarter loss for Freeport-McMoRan Copper & Gold (FCX-N).The New Orleans-based company t…
Franco, Normandy rise to the occasion, again
The biggest news over the Jan. 16-22 report period was the withdrawal of South African AngloGold from a battle with U.S. miner Newmont Mining for control of Normandy Mining.The 3-month-old w…
Canadian Stock Exchange Indices (January 28, 2002)
DateJan. 22Jan. 21Jan. 18Jan. 17Jan. 16HighLowTSE 3007559.297582.857604.797652.717584.02…
Lending Rates (January 28, 2002)
as of 4 pm ET, Jan. 22, 2002(%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75…
Daily Metal Prices (January 28, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 22Jan. 21Jan. 18Jan. 17Jan. 16Aluminium1362/13…
MOST ACTIVE ISSUES, JANUARY 16-22
ExchgVol(000s)HighLowCloseChangeNewmont Mng*N2050421.5020.0520.43-0.17…
Gold stages comeback
The price of gold has staged a strong comeback in this still-young year, rising from a brief dip under the US$130-per-oz. mark in mid-January to an afternoon fix of US$139.15 per oz. early in the mont…
San Nicolas production decision hinges on zinc
At long last, Teck Cominco (TEK-T) has tabled a bankable feasibility study for the San Nicolas copper-zinc deposit in the central Mexican state of Zacatecas.However, since zinc will be the primary met…
Demand for salt rises
World salt consumption increased to an estimated 190-205 million tonnes in 2000 in response to higher demand in southeast Asia and other developing regions, according to London-based Roskill Informati…
Placer Dome awarded for AIDS project
Placer Dome has won a Development Marketplace Innovation award from the World Bank for a project aimed at helping mineworkers and their families cope with AIDS in southern Africa.The award was present…
LME Warehouse Levels (January 28, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 22 (change from Jan. 15 in brackets):MetalStock (tonnes)ChangeAluminium838375(+3…