Northern Miner Indices (January 28, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningFN-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mining…
Newmont Mining Corporation
Newmont triumphs over AngloGold
South African producer AngloGold (AU-N) has failed to sway enough shareholders to remain in the battle for Normandy Mining (NDY-T), giving Newmont Mining (NEM-N) a clear path to victory.The…
Data point to turnaround
The decline over the Jan. 14-18 period in base metals has highlighted the extent to which markets heralded the new year with over-optimistic expectations akin to a false dawn.Large price increases and…
Mixed week in US trading
In the face of declining base and precious metals, a number of U.S.-listed mining majors still managed to trade higher over the report period, as investors showed interest in old-economy cyclicals.BHP…
Northern Miner Indices (January 21, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningFN-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mining…
Oversubscribed UK auction revitalizes gold miners
Despite pre-auction jitters, gold soared $8.60 over the Jan. 9-15 report period to land at a London morning fix of US$287.95 per oz. on Jan. 16.On that day, the Bank of England sold another 20 tonnes …
Newmont ups ante as AngloGold stands pat
Determined to win a bidding war with AngloGold (AU-N), Newmont Mining (NEM-N) has raised its offer for Normandy Mining (NDY-T) as an insurance measure.In mid-November, Newmont triggered the…
Northern Miner Indices (January 14, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningFN-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mining…
Producers rise on higher prices
The ongoing battle for Normandy Mining (ndy-t) took centre stage in eastern markets once again, with American producer Newmont Mining upping the ante at the start of the Jan. 2-8 report period.Newmont…
Merger mania grips mining industry in 2001
Against a rather grim backdrop that included an American economy slipping into recession, worldwide commodity deflation and a new war on terrorism, the big story in 2001 for the North American mining …
US markets up over the holidays
Markets in the U.S. enjoyed a modest boost over the Dec. 21-Jan. 1 report period, with the Dow Jones Industrial Average rising 36.32 points to surpass the 10,000-mark and the Standard and Poor’s 500 a…
AngloGold sweetens bid, offers Barrick indirect role (January 07, 2002)
A proposed alliance with Barrick Gold (ABX-T) has provided AngloGold (AU-N) enough elbow room to raise its bid for Normandy Mining (NDY-T).The South African miner is now offering A30 per sh…