Phelps Dodge Corporation

Miners a haven in weak market

U.S. stock markets turned downward in the report period Sept. 22-28 amid generally gloomy news on consumer spending and durable goods orders, and on a further decline in leading economic indicators. The Dow Jones Industrial Average was off 1.6% at…


Base metals looking better

Stock markets south of the border moved sideways over the trading period Sept. 15-21, with a quarter-point interest rate increase by the Federal Reserve making little impact on share prices. The Dow Jones Industrial Average was off fractionally at…


Alcoa shines in U.S.

U.S. stock markets rose slightly over the period Aug. 25-31. The S&P 500 index was up eight points, or 0.73%, and the Dow Jones Industrial Average gained 0.74%, or 75.29 points, to close at 10,173.92 points.


IUC explores Athabasca properties

Vancouver — With prices for yellow cake near 20-year highs, International Uranium (IUC-T) is raising $5 million by way of a private placement to finance exploration of its projects in Canada.


Interest rate worries sink US boards

Downbeat economic news, high crude oil prices, and the expectation that the U.S. Federal Reserve would increase interest rates brought U.S. stock markets lower in the reporting period Aug. 4-9. The S&P 500 Index fell 34.47 points, or 3.1%, to 1,06…


Mining stocks weaken

U.S. stock markets edged lower in the reporting period July 21-27, and for the most part mining equities — in both precious and base metals — edged along with them. The Dow Jones Industrial Average was off 0.6%, falling 63.93 points to 10,085.14…




Sub-Sahara explores Debarwa in Eritrea

Vancouver — Drilling by Australian-listed Sub-Sahara Resources on the Debarwa deposit in Eritrea has returned impressive gold and silver grades, in addition to copper in the Supergene zone.



Miners shine in dull market

Both gold and base metal majors posted strong gains on U.S. equity markets in the report period May 19-25, even as the broader market moved sideways.


Stocks weather unsettled market

U.S. markets were lifted and lowered by interest rate speculation and international tension, but finished the reporting period May 11-18 little changed. The S&P 500 index was off 3.96 points at 1,091.49, while the Dow Jones Industrial Average was…


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