Mining looks good worldwide
The net profits reported by the world’s 30 largest listed mining companies increased by 95%, to US$11.5 billion from US$5.8 billion, in 2003, according to a report by PricewaterhouseCoopers.
News
Peru amends royalty legislation
New royalty legislation will get the go ahead in Peru, but the percentage will be tied directly to commodity prices versus the original proposal, which called for royalties on company revenue.
Spot Prices Tuesday, June 15, 2004 Courtesy of Scotiabank (June 28, 2004)
Precious MetalsPrice (US$/oz.)Change…
LME Warehouse Levels (June 28, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 21 (change from June 14 in brackets):…
Exchange Rates (June 28, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)…
Resource tabled for Boyongan
A resource estimate has been calculated for the Boyongan copper-gold deposit on the island of Mindanao in the southern Philippines. The deposit is part of the 250-sq.-km North project, owned equally by
Daily Metal Prices (June 28, 2004)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)…
Coeur gets its permits
The trading period ended June 22 was another week in which the market failed to find a direction: the Dow Jones Industrial average eased up just 14.55 points to 10,395.07 while the S&P 500 index slipped 7.77 points to 1,134.41. Fear of inflation g…
Producer and Dealer Prices (June 28, 2004)
Antimony: Mid-mkt US$2,560/t.