AMF, Anglo cut new deal at Kolwezi
A more stable political climate in the Democratic Republic of Congo has enabled America Mineral Fields (AMZ-T) and Anglo American (AAUK-Q) to rework their deal to process the country’s Kolwezi tailing…
Anglo American plc
Nasdaq takes yet another tumble
Denver — After a brief respite, the Dow Jones industrial average continued its downward spiral during the report period ended April 3, tumbling 461.83 points, or 4.6%, to 9485.71. Meanwhile, the Nasd…
Mining mergers assume ‘victim or vulture’ theme
As mining deals get bigger and the pace of consolidation accelerates, the emerging trend might best be described as “victim or vulture,” says London-based analyst Jack Jones of CIBC World Markets.”Thi…
Anglo seeks to boot Anaconda management
Anaconda Nickel’s controlling shareholder, Anglo American (AAUK-Q), has finally blown a fuse over the slow progress of Anaconda’s Murrin Murrin nickel project in Western Australia, and is seeking a sh…
Dow makes strong comeback
Denver — The Dow Jones industrial average bounced back after a disastrous week, climbing 226.78 points, or 2.3%, to finish the report period ended March 27 at 9947.54.All this meant little to the pri…
Market takes big plunge
Denver — The Dow Jones industrial average plunged 570.04 points, or 5.5%, over the report period ended March 20 to close at 9720.76, its lowest level in two years, while the Nasdaq tumbled 7.8%. Much…
Market makes steep drop
Denver — The Dow Jones industrial average suffered a 2.8% drop, tumbling 300.42 points to 10,290.80 for the report period ended March 13, while the Nasdaq was off 8.6%.Spot gold on the Comex division…
Int’l Wayside, Gitennes among BC juniors exploring new finds
Several promising grassroots discoveries, many of them made by prospectors, highlighted the 2000 exploration season in British Columbia and could provide a much-needed boost for exploration in the wes…
Gold reverses recent gains
Denver — The Dow Jones industrial average weakened slightly to 10,591.22, to finish the Feb. 28-March 6 report period down 45.66 points, or 0.4%, while gold gave up most of the previous week’s gains….
De Beers deal ‘good news’ for Anglo American: analyst
The much-publicized takeover offer for De Beers Consolidated Mines (DBRSY-Q) has prompted mining analyst Roger Chaplin of Canaccord Capital to take a hard look at what the deal would mean for the comp…
Falco posts record earnings despite strike
Higher metal prices and increased low-cost production from its new Raglan and Collahuasi mines offset the effects of an ongoing strike at its Sudbury operations, enabling Falconbridge (FL-T) to post r…
Market eyes rate cut
Denver — The Dow Jones industrial average climbed 231.39 points, or 2.2%, to 10,881.20 during the report period ended Jan. 30, in anticipation of the 0.5% interest rate cut by the U.S. Federal Reserv…