LME Warehouse Levels (July 21, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 15 (change from July 8 in brackets):MetalStock(tonnes)ChangeAluminium1250900(+73…
2003
Suppliers Roundup (July 21, 2003)
Cat buys Terex truck businessCaterpillar will acquire Terex’s electric-drive mining truck business in exchange for the intellectual property rights to Caterpillar’s 5000-series mining shovel.Terex’s 8…
Bolivar Gold fast-tracks Choco 10
El Callao, Venezuela — Newly listed in January, Toronto-based Bolivar Gold (BGC-V) has lost no time acquiring a prime, undeveloped gold asset and putting it on the fast track to be a producing mine b…
Editorial Cartoon (July 21, 2003)
A mighty wind
News leaked out of the Premier’s Office in Ontario this month that the provincial government was considering moving out of the joint income tax arrangement, under which individual taxpayers in all pro…
PDAC seeks securities reform
The Prospectors & Developers Association of Canada will make presentations to the federal government’s “wise persons” committee and a provincial committee, both of which are examining ways to reform s…
The Northern Miner Indices (July 21, 2003)
North American Mining: 74.16 (+0.37)Small Producers: 71.78 (-1.34)(Sept. 30/98 = 100)…
Don Mario pours gold
Orvana Minerals (ORV-T) has poured the first dor bar at its Don Mario gold mine in Bolivia.The bar, which contains 415 oz. gold, was produced from stockpiled low-grade ore during tweaking of the oper…
Lending Rates (July 21, 2003)
as of 4 pm ET, July 15, 2003(%)Bank of Canada3.25Canadian Prime4.75U.S. Discount Primary2.00U.S. Fed Funds market rate1.1875U.S. Prime4.00LIBOR US$ 3-month1.11LIBOR US$ 6-month1.13LIBOR US$ 1-…
Exchange Rates (July 21, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 15July 14July 11July 10July 9US$ in C$1.39291.37391.37611.38…
WMC exits Canada
One of the most significant deals of the report period was the agreement to merge WMC Resources’ Canadian subsidiary WMC International with Canadian junior gold explorer Comaplex Minerals.Comaplex wil…
Daily Metal Prices (July 21, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJuly 15July 14July 11July 10July 9Al Alloy1385/1385…