Kinross to stop development at New Britannia (May 10, 2004)
Faced with a diminishing orebody, Kinross Gold (K-T) and joint venture partner High River Gold Mines (HRG-T) have d…
News
Xstrata closes mothballed Windimurra
Despite current high vanadium prices, London-listed diversified miner Xstrata has confirmed the permanent closure o…
OSC recognizes CNQ as stock exchange (May 10, 2004)
The Ontario Securities Commission (OSC) has recognized the Canadian Trading and Quotation System (CNQ) as an offici…
Trading Summary (May 10, 2004)
Toronto’s gold stocks were alone in the red on Monday gaining 2.84 points, or 1.6%, to make 180.63 and end a string…
Open-pit vs. underground mining
The following is an excerpt from the ninth edition of Mining Explained, published by The Northern Miner. The book sells for $30 plus $3 for shipping and is available by calling 1-800-668-2374. E-mail:
Metal prices suffered another hefty price correction in late April, driven by fears of a slowdown in Chinese demand and tightening U.S. monetary policy. But owing to strong market-specific fundamentals, we still believe metals prices will strength… The firing of three senior executives at Nortel Networks at the end of April shows just how far large telecommunications companies have strayed from their history. BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)… Precious MetalsPrice (US$/oz.)Change… Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 3 (change from April 26 in brackets):… CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)… as of 4 pm ET, May 4. 26, 2004(%)…Twin peak in metals prices forecast
Nortel Networks shakeup raises more questions The Northern goes south
Daily Metal Prices (May 10, 2004)
Spot Prices Tuesday, May 4, 2004 Courtesy of Scotiabank
LME Warehouse Levels (May 10, 2004)
Exchange Rates (May 10, 2004)
Lending Rates (May 10, 2004)