Happier prospects
We’ve mentioned before in this space that the annual convention of the Prospectors and Developers Association of Canada is the best place to judge the mood of the mineral exploration business, but not…
News
Land-use deal Down Under
A ground-breaking A$38-million land-use agreement between Aussie mining giant Hamersley Iron and the Eastern Guruma indigenous people of Western Australia’s Pilbara region has been signed after six ye…
Spot Prices Tuesday, March 16, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$399.60-1.60Silver$7.16 +0.24Platinum$900.00+5.00…
LME Warehouse Levels (March 22, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 16 (change from March 9 in brackets):MetalStock(tonnes)ChangeAluminium1330300(-…
Western markets slump into spring
Vancouver — Canada’s junior exchange lost some ground over the report period ended Jan. 16. Poor U.S. job numbers helped boost gold over the US$400-per-oz. mark but failed to spur a stock rally. The …
Exchange Rates (March 22, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 16March 15March 12March 11March 10US$ in C$…
Canadian Stock Exchange Indices (March 22, 2004)
DateMarch 16March 15March 12March 11March 10HighLowTSX Composite8503.278434.418592.048503…
Cameco’s Boroo on-stream
Cameco’s (CCO-T) 53.2%-owned Boroo gold mine, 110 km northwest of Ulaanbaatar in Mongolia, has started commercial production.The open-pit operation is owned and operated by Boroo Gold, an indirect sub…
Alaska mining on the rise
Rising metal prices sparked the Alaska mining industry last year, according to the Geological Survey of Alaska.The total value of mineral exploration, development, and production is expected to hit US…
Indonesia says mining will continue in protected forests
The Indonesian government will allow 13 mining companies to continue operations despite violations of the country’s forestry law.The move provides a boost to the mining industry after a controversial …
Producer and Dealer Prices (March 22, 2004)
Antimony: Mid-mkt US$2,915/t.Bismuth: Mid-mkt US$3.15/lb.Cadmium: Mid-mkt US$0.55/lb.Cobalt: Recent trades US$24-28.50/lb.Copper: Comex May US$1.366/lb.Indium: Indium Corp., ingot, US$485/kg.
BHP streamlines management
The biggest corporate shuffle during the period ended March 16 was carried out by the world’s largest mining company, BHP Billiton. The major has brought its customer-sector-groups division under thre…