News

PEOPLE — PALMER

Jerry Pogue appointed chairman and chief executive officer; George Sanders appointed director, president and chief operating officer.







LME WAREHOUSE LEVELS (April 21, 1997)

Metal stocks (in tonnes) held in London Metal Exchange warehouses at April 14/97 (change from previous week in brackets):Aluminium835,175(-9,400)Copper155,775(-11,350)Lead107,925(+50)Nickel51,0…


PRODUCER PRICES (April 21, 1997)

Aluminium: LME settlements US$1,520.50 per tonne, alloy $1,425 per tonne (April 15/97).Antimony: Composite free market, US$2,400 per tonne (April 15/97).Bismuth: Composite free market US$3.11 per lb. …




Phelps Dodge stays on course during quarter

Despite a slight downturn in copper prices, Phelps Dodge (PD-N) earned a profit in the first quarter.Income amounted to US$137.5 million (or $2.12 per share) on revenue of just over US$1 billion, comp…


Stock mill begins custom milling

The Stock mill near Matheson, Ont., has begun operating again after a suspension of nearly three years.The mill, which is owned and operated by St Andrew Goldfields (SAS-T), recently began milling ore…


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