News
Base metals: upside despite macro gloom
The following is the second in a series devoted to metals markets and was culled from Barclays Capital’s monthly report The Commodity Refiner. This week’s instalment provides an overview of base metal…
The Northern Miner — North American Mining Index (February 10, 2003)
76.77 (-0.91)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (February 10, 2003)
98.59 (+6.79)(Sept. 30/98 = 100)…
America Mineral Fields still keen on Kolwezi cobalt
Although hopes for better days are routinely crushed in the Democratic Republic of Congo, London-based America Mineral Fields (AMZ-T) is optimistic recent peace negotiations will finally allow its Kol…
Diamonds among best bets for ’03
The Northern Miner asked several followers of the junior mining sector for their recommendations and predictions for 2003. Last week we heard from John Kaiser and Donald Poirier. This week, James Must…
Inco posts loss despite nickel’s rise
Inco’s (N-T) US$1.6-billion writedown during the summer on its Voisey’s Bay project in Labrador, combined with a host of other added costs, pushed Canada’s nickel giant deeply into the red in 2002.For…
GREATEST VALUE TRADED, JAN. 29-FEB. 4
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N59697430.0028.5829.79+0.33…
Drilling resumes at McCuaig (February 10, 2003)
Partners Rubicon Minerals (RMX-V) and Golden Tag Resources (GOG-V) have resumed drilling at the McCuaig property in the Red Lake camp of northeastern Ontario.The pair will drill upwards of 10,000 metr…
TVX, Echo Bay give nod to Kinross merger
TVX Gold (TVX-T) shareholders have approved a proposed 3-way merger with Kinross Gold (K-T) and Echo Bay Mines (ECO-T).Kinross recently announced a 3-old-for-1-new-share consolidation, and T…
Lending Rates (February 10, 2003)
as of 4 pm ET, Feb.4, 2003(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.35LIBOR US$ 6-month1.35LIBOR US$ 1-year1.44Gold lease 3-mo…
Canada should take tougher line with Mugabe Hope fades in Zimbabwe
There appears to be no substance to recent reports that leading figures in Zimbabwe’s dictatorial governing party, the African National Union (ZANU-PF), had agreed to a deal under which President Robe…