Producer and Dealer Prices (July 28, 2003)
Antimony: Mid-mkt US$2,380/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$10.10-11.00/lb.Copper: Comex Sept. US$0.7725/lb.Indium: Indium Corp., ingot, US$140/kg.Iri…
Articles by Northern Miner Staff
Grasberg gold boosts Freeport
Vancouver — The second quarter of 2003 was a stellar one for Freeport-McMoRan Copper & Gold (FCX-N), which earned US$57.4 million (or US37 per share) in the three months ended June 30.The figure mar…
Aker Kvaerner loses case, must pay US$137m
Engineering firm Aker Kvaerner is expected to appeal a Nevada court ruling that says it must pay damages of US$136.9 million plus interest and legal costs to Australia’s Equatorial Mining.If the appea…
Spot Prices Wednesday July 23, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$352.20+9.20Silver$4.83+0.16Platinum$690.00+5.00P…
No ‘blanket ban’ in Montana
As a reader of The Northern Miner for more than 20 years, I am aware that you strive for accurate reporting. However, your article on Profile Resources’ Waseka Mill (T.N.M., June 9-15/03) contains an …
Amerigo closes Chilean copper deal
Vancouver-based junior Amerigo Resources (ARG-V) has acquired Chilean copper producer Minera Valle Central (MVC) for US$20 million.Amerigo paid US$16.6 million on closing; the balance is due in 3-5 ye…
Lassonde to head Quebec conference
Pierre Lassonde, president of Newmont Mining and arguably the most successful Quebec native in the gold industry, will be the honourary president of the inaugural Quebec Exploration 2003 conference, t…
Daily Metal Prices (July 28, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJuly 22July 21July 18July 17July 16Al Alloy1352/136…
Canadian Stock Exchange Indices (July 28, 2003)
DateJuly 22July 21July 18July 17July 16HighLowTSX Composite7185.18…
Rio Tinto, BP unload Kaltim
The biggest deal of the period was the proposed sale by Rio Tinto and BP of their 50-50 Indonesian joint venture, PT Kaltim Prima Coal, to Jakarta-listed Bumi Resources for US$500 million in cash and …
Suppliers Roundup (July 28, 2003)
Aussie miner buys concentratorGiants Reef Mining, based in Western Australia, has purchased a Knelson concentrator built by Australian engineering firm ConSep, under licence by Langley, B.C.-based Kne…
Noranda faces pension suit
A class action suit against Toronto-based Noranda will proceed after a Quebec Superior Court authorized legal action in a disagreement over interpretations of the company’s pension plan.Montreal law f…