Producer and Dealer Prices (July 17, 2000)
Antimony: Mid-mkt US$1,400/t.Bismuth: Mid-mkt US$3.40/lb.Cadmium: Mid-mkt US$0.22/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.70-16.20/lb.Copper: Comex Sept. US$0.826/lb.Indium: I…
2000
Winspear fights De Beers takeover
In the face of an unsolicited takeover offer from De Beers Consolidated Mines (DBRSY-Q) that it deems “hostile, opportunistic and undervalued,” Winspear Diamonds (WSP-T) has initiated a program design…
Phelps Dodge foresees lower earnings
Operational changes and restructuring charges at two of its operations are expected to depress second-quarter earnings for Phelps Dodge (PD-N).The copper miner expects earnings in the 3-month period t…
Diamond juniors merge
Mountain Province Mining (MPV-T) has merged with Glenmore Highlands. Shareholders of the latter received 0.57 of a Mountain Province share for each Glenmore share held. Prior to the merger, Glenmore o…
Ontario’s diamond potential often dismissed
That it took so many years to locate diamond sources in Ontario is a sorry comment on much of Canada’s mining exploration capabilities.For 20 or more seasons, in my younger days, I prospected for diam…
UK auction ushers in summer doldrums for gold
The decidedly lacklustre response to the Bank of England’s latest auction may have set the tone for gold prices for the rest of the summer.On July 12, the bank sold 804,000 oz. gold at US$279.50 per o…
Metal Prices (July 17, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)Aluminium1569/15931541/15671543/1568…
Gold down before UK auction
The Dow Jones industrial average climbed 166.52 points, or 1.6%, to 10,727.19 during the report period July 5-11.Gold was off at US$282.20 per oz. on the Comex division of the New York Mercantile Exch…
Spot Prices Wed. July 12, 2000Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$282.85-$4.85Silver$ 4.95-$0.04…
IPMI honours Heraeus
German metals fabricator Jrgen Heraeus has won a distinguished achievement award from the International Precious Metals Institute for his work in platinum group metals.His company, W.C. Heraeus (name…
EVENTS (July 17, 2000)
July 24-27 Blasting Analysis Int’l — “2000 High-Tech Blasting Seminar.” Delta Orlando Resort Hotel, Orlando, Fla. Tel: (610) 530-7415. Fax: (610) 395-5552. E-mail: blastinganalysi…
CDNX sings summertime blues
Canada’s junior exchange lost ground over the report period ended July 11, with all indices lingering in negative territory. The Canadian Venture Exchange index dropped 99.38 points, or 2.8%, and clos…