Teck’s profit hit by lower prices
A sharp drop in the price of power, combined with downward-spiraling metal prices, had a negative impact on Teck’s (TEK-T) second-quarter results.The company, which, as a result of its recent merger w…
News
MOST ACTIVE ISSUES, JULY 25-31
ExchgVol(000s)HighLowCloseChangeAlcoa*N 13982 40.00 37.00 39.23 + 2.00…
Spot Prices Wed. August 1, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$267.70-$1.55Silver$ 4.24-$0.02Platinum$470.00-$…
LME Warehouse Levels (August 06, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 31/01 (change from July 24 in brackets):MetalStock (tonnes)ChangeAluminium648800…
Exchange Rates (August 06, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 31July 30July 27July 26July 25US$ in C$1.53031.53021.53461.5…
Producer and Dealer Prices (August 06, 2001)
Antimony: Mid-mkt US$1,030/t.Bismuth: Mid-mkt US$3.65/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$9.00-9.80/lb.Copper: Comex Sept. US$0.6825/lb.Indium: In…
No nod for Zod
An independent review has reduced reserves at the Zod gold project in Armenia, leading First Dynasty Mines (FDM-T) to defer production until the project is privatized.Zod is held equally by First Dyna…
Drilling boosts Tambor
Bulk-tonnage potential is indicated by results from the first four reverse-circulation (RC) holes drilled on one of three targets to be tested at the Tambor gold property in central Guatemala.While dr…
Magnola running at limited capacity
Ongoing technical problems at Noranda’s (NRD-T) new Magnola plant in Quebec’s Eastern Twps. are starting to make the project look like the Murrin Murrin of magnesium.The innovative plant is the first …
United they stand . . .
The United Nations and the radical chic who crowd its once-hallowed halls are experiencing the best and worst of times. U.N. policies are being embraced by most developed nations, and supporters are e…
Twin Mining shareholder gushes over Jackson Inlet diamonds
Antwerp-based Diamond Trading N.V. has provided Twin Mining (TWG-T) with a glowing assessment of 86 diamonds found in a 18.41-tonne sample collected from the Freightrain kimberlite at the Jackson Inle…
Exhibit traces history of yellow metal
What consists of a tiny pig weighing 18 grams, a half-dozen “doughnuts” and a palm-sized boat dating back to the Han Dynasty in China?Answer: the gold exhibit on display at the Pacific Mineral Museum …