Falco boosted by higher nickel prices, tax cut
Higher nickel prices and a one-time $12-million tax recovery owing to changes in federal resource taxes helped Falc…
Articles by Northern Miner Staff
Drill turns at Gibraltar
Vancouver — Taseko Mines has launched a 2,600 metre exploration drill program over its past producing Gibraltar co…
AMC, Ford nix Stanwell deal
Australian Magnesium Corp. (AMC) and U.S. car giant Ford Motor Co. have scrapped a A$2-billion magnesium supply agreement.The agreement called for AMC to supply Ford with half the output from the part…
Spot Prices Wednesday July 16, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$343.00-2.45Silver$4.67-0.07Platinum$685.00+20.00…
Producer and Dealer Prices (July 21, 2003)
Antimony: Mid-mkt US$2,380/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$10.15-11.00/lb.Copper: Comex Sept. US$0.794/lb.Indium: Indium Corp., ingot, US$140/kg.Irid…
Canadian Stock Exchange Indices (July 21, 2003)
DateJuly 15July 14July 11July 10July 9HighLowTSX Composite7116.087115.987077.567071.54…
Rubicon drills in Red Lake
Junior Rubicon Minerals (RMX-V) has renewed drilling at the Rivard property in Ontario’s Red Lake camp.The 7,500-ft. program follows a first phase, completed earlier this year, which produced a best r…
Suit claims Barrick misled investors
Two U.S.-based law firms have launched a class-action suit against Barrick Gold (ABX-T) for allegedly misleading investors by forecasting higher earnings than the company delivered last year.Barrick, …
Australia aims to revive mining
Mining is Australia’s biggest export industry, and concerns are growing that it could suffer greatly as a result of a slump in exploration.In the past 10 years, annual exploration expenditures Down Un…
Base metals: higher with caution
(The following excerpt from The Commodity Refiner, a monthly publication of Barclays Capital Research, provides an overview of current base metals markets.)A comparison of actual base metals prices in…
LME Warehouse Levels (July 21, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 15 (change from July 8 in brackets):MetalStock(tonnes)ChangeAluminium1250900(+73…
Suppliers Roundup (July 21, 2003)
Cat buys Terex truck businessCaterpillar will acquire Terex’s electric-drive mining truck business in exchange for the intellectual property rights to Caterpillar’s 5000-series mining shovel.Terex’s 8…