Daily Metal Prices (November 12, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 6Nov. 5Nov. 2Nov. 1Oct. 31Aluminium1251.50/126…
News
For a national securities commission
Even as Europe watches to see whether Euronext, the Deutsche Borse, or the London Stock Exchange will emerge as the continent’s major capital market, and even as Nasdaq and the American Exchange combi…
Gold used in ‘nanolaser’
Chemists at the University of California have grown the world’s smallest laser, which is one thousand times thinner than a human hair, and gold played an integral role in the process.The infinitesimal…
Banro seeks return of Congolese gold assets
Toronto-based Banro (YBE-V) will submit a proposal to government officials from the Democratic Republic of the Congo in an effort to resolve a long-standing dispute over the government’s seizure of go…
Industry opposes cyanide ban
Industry representatives in Wisconsin are taking aim at a bill that would ban the use of cyanide in mining.Opponents say the bill would needlessly kill jobs while providing no additional protection of…
BHP Billiton posts higher profit (November 12, 2001)
Vancouver — Strong prices for iron ore and increased coal sales in Asia propelled the world’s biggest mining company to a profit of US$608 million (or 10 per share) in the fiscal first quarter ended…
Tradex will highlight CIM show
The annual meeting of the Canadian Institute of Mining, Metallurgy and Petroleum, slated for April 28-May 1, 2002, in Vancouver, B.C., will once again feature the Tradex tradeshow. Tradex is expected …
Starfield proves up Ferguson Lake deposit
Vancouver — Ongoing drilling by Starfield Resources (SRU-V) has intercepted more high-grade platinum-palladium mineralization at the Ferguson Lake deposit, near Rankin Inlet in Nunavut.The latest dri…
Stillwater posts profit despite price slump
Platinum producer Stillwater Mining (SWC-N) earned US$10.3 million (or 26 per share) in the recent third quarter, compared with US$13.9 million (36 per share) in the corresponding period of 2000.Rev…
IMA plans follow-up drilling at Rio Tabaconas
Encouraged by results from the first round of drilling on the Cerro Tablon gold prospect at the Rio Tabaconas property in Peru, IMA Exploration (IMR-V) is preparing for a second phase.The junior teste…
Bull run continues in gold stocks
Gold settled into a new, higher trading range of US$278-280 per oz. during the Oct. 31-Nov. 6 trading period, as the U.S. dollar showed some weakness in the face of widespread layoffs and slowing indu…
CDNX bolstered by rate slash
Vancouver — Canada’s junior exchange rallied in light of another cut in U.S. interest rates. The resource indices led the way as the Canadian Venture Exchange composite index tacked on 31.44 points, …