OM in freefall
After dropping from US$40 to US$30 in the previous week, the shares of cobalt refiner OM Group collapsed further during the report period, falling 71% on Oct. 29 to US$8.95 and closing at US$7.49 on t…
Phelps Dodge Corporation
OM whacked by UN report
Shares in Cleveland-based cobalt refiner OM Group crashed to a three-and-a-half-year low during the report period following its mention in a UN Security Council report on illegal mining activity in th…
GREATEST VALUE TRADED, OCTOBER 16-22
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N42815825.0022.6025.00+1.90…
Markets stage stunning rally
The period ending Oct. 15 saw a dramatic surge in the broad U.S. markets, with both the Dow Jones Industrial Average and the S&P 500 index surging more than 10% to 8,255.68 and 881.27 points, respecti…
BHP Billiton bearish at Escondida as copper demand stays weak
Vancouver — Despite evidence of a weakening global economy dragging down demand for copper, diversified miner BHP Billiton (BHP-N) does not envisage further production cuts beyond 2002.”Today, we thi…
Base Metal Prices face vulnerability in the short term
This article is the first of two instalments devoted to base metals and was culled from Barclays Capital’s monthly commodities report The Commodity Refiner. Part 2 will appear in our Oct 21-27 issue.B…
MOST ACTIVE ISSUES, OCTOBER 2-8
ExchgVol(000s)HighLowCloseChangeKinross GoldT193443.282.682.77-0.37…
GREATEST VALUE TRADED, OCTOBER 2-8
ExchgVal($000s)HighLowCloseChangeEcho Bay MinesT56131.711.401.42-0.21…
Golds slump in weak market
Dow 36,000 receded further into the distance over the report period Oct. 1-8, with the bellwether U.S. stock index plunging 437.30 points to finish at 7,501.49. But the gold stocks, which have been fe…
First Quantum expands Bwana Mkubwa (October 07, 2002)
Vancouver-based First Quantum Minerals (FM-T) has expanded its Bwana Mkubwa solvent extraction-electrowinning (SX-EW) copper plant in central Zambia.Commissioning of the additional leach, filtration a…
BHP shuts Anglo out of Ekati
It was a relationship that couldn’t last: BHP Billiton has notified its global rival, Anglo American, that it would not renew its agreement allowing Anglo subsidiary De Beers the right to marke…
GREATEST VALUE TRADED, SEPT. 25-OCT. 1
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N55367429.2526.3926.88-2.56…