Spot Prices Tuesday, Oct. 21, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$374.80+1.15Silver$5.00+0.06Platinum$738.00+8.00P…
News
Newmont wins award in Indonesia
PT Newmont Nusa Tenggara (PTNNT), a joint venture between Colorado-based Newmont Mining and Japan’s Sumitomo, has received the 2002 National Golden Safety Award from the Department of Energy & Mineral…
Producer and Dealer Prices (October 27, 2003)
Antimony: Mid-mkt US$2,250/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$10.00-10.90/lb.Copper: Comex Dec. US$0.9055/lb.Indium: Indium Corp., ingot, US$180/…
LME Warehouse Levels (October 27, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 21 (change from Oct. 13 in brackets):MetalStock(tonnes)ChangeAluminium1368675(-7…
Exchange Rates (October 27, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 21Oct. 20Oct. 17Oct. 16Oct. 15US$ in C$…
Canadian Stock Exchange Indices (October 27, 2003)
DateOct. 20Oct. 17Oct. 16Oct. 15Oct. 14HighLowTSX Composite7719.85…
Fire shuts down Morenci
A fire at one of four solvent-extraction plants at Phelps Dodge’s Morenci copper mine in Arizona curtailed production for four days during the report period ended Oct. 21. The fire severely damaged fo…
Codelco under fire
State-owned Corporacion Nacional del Cobre de Chile (Codelco) has filed a document with the Third Criminal Court of Santiago that rejects allegations of a corrupt bidding process for recent mining-rel…
Imperial Metals expands Northeast zone (October 27, 2003)
Vancouver — The latest drill results have expanded the newly discovered Northeast zone on the past-producing Mount Polley copper-gold property, 56 km northeast of Williams Lake, B.C.So far, Imperial …
Harmony Gold cuts Russian ties
Facing pressure from South Africa’s Reserve Bank to consolidate ownership or cut bait with respect to overseas projects, Harmony Gold (HMY-N) has divested itself of its Russian holdings in two separat…
Underground mining resumes at Springlake
AfriOre (AFO-T) has resumed underground production at the Springlake anthracite mine, north of Dundee in the South African province of KwaZulu-Natal, after recovering the remains of a load-haul-dump m…
Builders and monuments
Two deaths in the months just past show that the Canadian mining industry is gradually passing out of the hands of a generation that made it great.In losing Douglas Hume and James Harquail, two well-k…