LME Warehouse Levels (January 14, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 8/02 (change from Dec. 31/01 in brackets):MetalStock (tonnes)ChangeAluminium823850…
Articles by Northern Miner Staff
Tulawaka funding secured (January 14, 2002)
Minires du Nord (MDN-T) has secured a US$4-million loan facility arranged by RMB Resources, a South African-based financial institution.The money will more than cover MDN’s funding requirements for 2…
Metal Prices spur market rally
Stronger base metal prices over the Jan. 2-8 report period translated into a broad-based rally among the U.S.-listed base metal producers.BHP Billiton rose 89 to US$11.60; Phelps Dodge jumped $1.32 t…
Producers rise on higher prices
The ongoing battle for Normandy Mining (ndy-t) took centre stage in eastern markets once again, with American producer Newmont Mining upping the ante at the start of the Jan. 2-8 report period.Newmont…
Northern Miner Indices (January 14, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningFN-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mining…
Daily Metal Prices (January 14, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 8Jan. 7Jan. 4Jan. 3Jan. 2Aluminium1417/1429…
Placer joins Minefinders in Argentina
Placer Dome (PDG-T) has agreed to earn up to a 70% interest in Minefinders’ (MFL-T) 35-sq.-km El Malacate project, part of the larger Northern Sonora property in Mexico.Placer can earn a 51% stake by …
Harmony makes cash offer for Hill 50
With the Normandy, Newmont and AngloGold takeover saga commanding the market’s attention, South Africa’s Harmony Gold Mining (HGMCY-Q) is taking a run at Australia’s Hill 50 Gold, which last year prod…
Canadian Stock Exchange Indices (January 14, 2002)
DateJan. 8Jan. 7Jan. 4Jan. 3Jan. 2HighLowTSE 3007782.047870.257833.247774.167646.7994…
Underground plan extends life of Argyle diamond mine
Despite the distinction of being the largest producer of diamonds by volume, churning out around one-quarter of the world’s supply, the Argyle mine accounts for an estimated market share of only 6% by…
Eur. Goldfields raises funds
European Goldfields (EGU-V) has completed a non-brokered private placement of 1.5 million shares priced at $3.10 apiece.The company intends to use the $4.6 million in gross proceeds to fund exploratio…
The Northern Miner — Small Producers Index (January 14, 2002)
50.70 (+ 1.47)(Sept. 30/98 = 100)…