2002

Copper market poised to benefit from stronger demand

This article, the second of two instalments devoted to base metals, was culled from Barclays Capital’s monthly report The Commodity Refiner. Part 1 appeared in our Oct 14-20 issue.Macroeconomic-driven…


Minefinders puts Dolores project on fast track

Considered a potential takeover candidate, Minefinders (MFL-T) raised $10 million earlier this year with the objective of advancing its wholly owned Dolores gold-silver project in Mexico’s Chihuahua s…


COLOUR PIC -- FPOA view of Pan American Silver's La Colorada mine, midway between Zacatecas and Durango in Mexico.

Explorers ride silver wave in Mexico

Vancouver — Latin American massive sulphide deposits have emerged from the shadows over the past decade, and explorers, despite facing historically low base metal prices, continue to advance discover…


Shovel at Escondida.

Manhattan eyes financing (October 21, 2002)

Subject to regulatory approval, Manhattan Minerals (MAN-T) will privately raise $2.5 million for its Tambo Grande polymetallic project in Peru.An independent feasibility of the property is under way; …


COLOUR PIC -- FPODrillers stand near a reverse-circulation drill on the Dolores Main zone. Another core rig turns on the ridge in the background. The property consists of nine concessions totalling 277 sq. km. Seven of the concessions comprise 19 sq. km covering the core of the Dolores district. Minefinders can purchase a 100% interest in these concessions by paying a total of US$1.5 million at the rate of US$25,000 each quarter. So far, the company has paid US$942,000.

Partners pursue copper bioleaching project

A Canadian industrial holdings group has joined the joint venture consisting of Canadian-Australian junior BacTech Enviromet (YBA-V), South African metallurgical researcher Mintek and Mexican mining h…


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…




Lending Rates (October 21, 2002)

as of 4 pm ET, Oct. 15, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.82LIBOR US$ 6-month1.82LIBOR US$ 1-year1.95Gold lease 3-month0.42Gold leas…


Producer and Dealer Prices (October 21, 2002)

Antimony: Recent trades US$3,200-3,300/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.32/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.00-6.80/lb.Copper: Comex Dec US$0.6…




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