News
Twin peak in metals prices forecast
Metal prices suffered another hefty price correction in late April, driven by fears of a slowdown in Chinese demand and tightening U.S. monetary policy. But owing to strong market-specific fundamentals, we still believe metals prices will strength…
Copper miners strike in Peru
About 1,350 workers at two mines operated by Southern Peru Copper, the country’s biggest copper miner, walked off the job for 48 hours in an effort to gain higher wages and an end to out-sourcing.
Fifty Years Ago / May 1954
Sherritt secures financing…
Spot Prices Tuesday, May 4, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)Change…
LME Warehouse Levels (May 10, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 3 (change from April 26 in brackets):…
Exchange Rates (May 10, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)…
Producer and Dealer Prices (May 10, 2004)
Antimony: Mid-mkt US$2,680/t.
Mind-blowing holes at Grasberg
By far the most impressive exploration drill results tabled during the report period ended May 4 came from
Higher costs erode Placer Dome’s profits
Vancouver — Higher production costs, brought about by continued appreciation of foreign currencies against the U.S. dollar, trimmed
Open-pit vs. underground mining
The following is an excerpt from the ninth edition of Mining Explained, published by The Northern Miner. The book sells for $30 plus $3 for shipping and is available by calling 1-800-668-2374. E-mail:
Vancouver — Drilling by Sunridge cuts high-grade copper at Debarwa