People (December 15, 2003)
Alamos — John McCluskey appointed president; John Van De Beuken appointed VP and COO; Leonard Harris appointed director; Chester Millar and Stephen Stine resigned as directors.Becker — John Berezowe…
Articles by Northern Miner Staff
Editorial Cartoon (December 15, 2003)
Exchange Rates (December 15, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 9Dec. 8Dec. 5Dec. 4Dec. 3US$ in C$1.30921.29631.30451.3122…
LME Warehouse Levels (December 15, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 9 (change from Dec. 2 in brackets):MetalStock(tonnes)ChangeAluminium1401275(+642…
Producer and Dealer Prices (December 15, 2003)
Antimony: Mid-mkt US$2,020/t.Bismuth: Mid-mkt US$2.75/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$15.80-17.10/lb.Copper: Comex Mar. US$0.979/lb.Indium: Indium Corp., ingot, US$265/kg.Iridi…
Inmet’s Cayeli back on track
Cayeli, Turkey — Now that areas affected by last year’s cave-in have been fully rehabilitated and repaired, the Cayeli underground copper-zinc mine in Turkey is experiencing high production rates.The…
Stornoway reports strong microdiamond count
Summer drilling on the AV-1 kimberlite showing on the Melville Peninsula in eastern Nunavut has returned highly significant microdiamond counts showing good potential for larger, commercial-size stone…
Nevsun hits new zone at Bisha (December 15, 2003)
Drilling at the Bisha project in Eritrea has led to the discovery of a new massive sulphide zone, reports Nevsun Resources (NSU-T).The so-called NW zone was intersected in six holes collared on three …
Metals Commentary: Barrick’s hedging moratorium explained
The recent announcement by Barrick Gold (ABX-T) Chairman Peter Munk that the company will not consider further forward sales of gold over the next 10 years nor roll any of its hedge contracts forward …
BHP Billiton axes quarterly reports
Melbourne-based BHP Billiton will no longer publish quarterly financial results.Instead, the company will only issue quarterly reports on production, exploration and development, in accordance with th…
Canadian Stock Exchange Indices (December 15, 2003)
DateDec. 9Dec. 8Dec. 5Dec. 4Dec. 3HighLowTSX Composite7975.947990.777990.287880.507959.887997.666204.94TSX Metals & Mining212.19210.99209.84193.16205.10210.99115.38TSX Gold231.81…
Gold stocks down as bullion rises
This was a week of mainly sideways motion in the U.S. equity markets, with the Dow Jones Industrial Average rising 69.78 points to 9,923.42, as the Standard & Poor’s 500 Index fell 6.44 points to 1,06…