BHP unloads CVRD stake (December 30, 2002)
Vancouver – Seeing little strategic value in holding on to its stake in iron ore producer Companhia Vale do Rio Doc…
News
The Northern Miner — North American Mining Index (December 30, 2002)
74.08 (-0.15)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (December 30, 2002)
83.40 (-0.57)(Sept. 30/98 = 100)…
Commentary: Bullion market on the couch: a psychological assessment
Description: The patient, named Mr. Goldfinger for the purpose of this presentation, is a 5,000-plus-year-old commodity residing within the precious metals sector and in use all over the world. At Dec…
Goldcorp dumps Platinova, Caisse de depot trims Teck holdings
Recent insider trading transactions reported by the Ontario Securities Commission include the following:q Almaden Resources (AMM-T) — James Poliquin, director, bought 370,000 shares privately at 55 …
People (December 30, 2002)
Gemcom Software — Appointed Rick Moignard as president and CEO.Richmont Mines — Louis Dionne appointed president and CEO.Lakefield Minerals — William Urseth appointed president.
Issues for monetary policy
Although the gold standard could hardly be portrayed as having produced a period of price tranquility, it was the case that the price level in 1929 was not much different, on net, from what it had bee…
Editorial Cartoon (December 30, 2002)
Daily Metal Prices (December 30, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 23Dec. 20Dec. 19Dec. 18Al Alloy1345/13301340/1…
LME Warehouse Levels (December 30, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 20 (change from Dec. 17 in brackets):MetalStock(tonnes)ChangeAluminium1249850(+2…
Lending Rates (December 30, 2002)
as of 4 pm ET, Dec. 19, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.40LIBOR US$ 6-month1.40LIBOR US$ 1-year1.53Gold lease 3-…
Drilling keeps Tiberon keen at Nui Phao
Vancouver — Tiberon Minerals (TBR-V) has released more results from ongoing drilling at the Nui Phao tungsten polymetallic deposit in northern Vietnam.The program is designed to define mineralization…