Daily Metal Prices (December 29, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 22Dec. 19Dec. 18Dec. 17Al Alloy1455/14901461/1…
News
Producer and Dealer Prices (December 29, 2003)
Antimony: Mid-mkt US$2,100/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.62/lb.Cobalt: Recent trades US$17.50-20.50/lb.Copper: Comex Mar. US$1.0065/lb.Indium: Indium Corp., ingot, US$320/kg.Irid…
Birim extends Tombe-Parabu (December 29, 2003)
Reverse-circulation drilling by Birim Goldfields (BGI-T) on the Bui project in Ghana, West Africa, has extended the Tombe-Parabu North gold discovery some 70 metres to the north.Hole 186 encountered a…
Junior exchange breaks downward spiral
Vancouver — Canada’s junior exchange managed to chase away the Grinch over the week ended Dec. 22 as investors showed a renewed interest in speculative issues. The S&P-TSX Venture Exchange composite …
The Northern Miner Indices (December 29, 2003)
North American Mining: 110.03 (+2.46)Small Producers: 106.96 (+1.51)(Sept. 30/98 = 100)…
Canadian Stock Exchange Indices (December 29, 2003)
DateDec. 22Dec. 19Dec. 18Dec. 17HighLowTSX Composite8135.438113.02…
Navidad shows bulk-tonnage potential
Although the initial results from the first-ever drilling on the Navidad silver grassroots discovery were not as spectacular as the market was anticipating, the grades would nonetheless seem to indica…
LME Warehouse Levels (December 29, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 19 (change from Dec. 16 in brackets):MetalStock(tonnes)ChangeAluminium1420225(+2…
The Lomborg roast
Ever since Danish statistician and political scientist Bjorn Lomborg wrote the best-selling The Skeptical Environmentalist, his metaphorical “Wanted” poster has adorned the walls of the environmental …
Miners hit new highs
With base metal prices rising across the board in response to a weakening U.S. dollar, U.S.-listed base metal majors basked in new multi-year highs during the 4-day period ended Dec. 22.Alcoa led the …
Gold Fields enters Peru
South Africa’s Gold Fields (GFI-N) has agreed to acquire a 92% interest in Peruvian-based Sociedad Minera La Cima. No price was reported, as financial details were still being discussed.Sociedad Miner…
Base metal miners shine
While gold producers enjoyed the limelight in early December, it was the base metal miners that powered forward during the 4-day period ended Dec. 22 as the S&P/TSX Metals and Mining index rocketed 12…