Harmony ties knot with African Rainbow
South Africa’s Competition Commission has approved the proposed merger of Harmony Gold (HMY-N) and black empowerment company African Rainbow Minerals Gold.The decision paves the way for the creation o…
News
Claire Derome packs it in (August 04, 2003)
Claire Derome, the highest-level female mining executive in North America, is stepping down as president and CEO of Quebec gold producer McWatters Mining.Derome will carry on her duties until her succ…
Tax breaks give Canada edge
(Note: Dryblower is an Australian-based syndicated column appearing in Australia’s Mining Monthly and on the web site MiningNews.net)How do you know if there’s a boom happening? Obviously you can list…
Strike averted in South Africa
What would have been South Africa’s largest strike since 1987 was averted when more than 100,000 mineworkers at the country’s three biggest gold mines accepted a 2-year agreement involving a 10% wage …
Spot Prices Wednesday July 30, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$359.10+6.90Silver$5.10+0.27Platinum$693.00+3.00P…
Losses for Phelps Dodge
Vancouver — For the ninth-consecutive quarter, Phelps Dodge (PD-N) has failed to make a profit.The world’s second-largest copper producer incurred a net loss of US$15.2 million (or US21 per share) i…
Daily Metal Prices (August 04, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJuly 29July 28July 25July 24July 23Al Alloy1370/138…
LME Warehouse Levels (August 04, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 29 (change from July 22 in brackets):Aluminium1293825(+4000)Aluminium Alloy31880…
Producer and Dealer Prices (August 04, 2003)
Antimony: Mid-mkt US$2,300/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$9.95-10.50/lb.Copper: Comex Sept. US$0.806/lb.Indium: Indium Corp., ingot, US$180/kg.Iridi…
Canadian Stock Exchange Indices (August 04, 2003)
DateJuly 29July 28July 25July 24July 23HighLowTSX Composite7227.35…
Tax gain boosts Teck Cominco in Q2
Vancouver — Despite the negative effect of the rising Canadian dollar, the world’s largest zinc producer saw its second-quarter profits rise as a result of a tax gain.Teck Cominco (TEK-T) earned $12 …
Rule by lawyers replaces the rule of law Vegas slick
In Ontario, when taking a budget or supply vote to the legislature is just too much trouble for the politicians, they simply have the Lieutenant-Governor sign off on an order-in-council. In the Silver…