Base Metals: Building the up-trend
The following is an overview of base metals markets. Detailed reports on the base, as well as precious, metals will appear in subsequent issues.After two years of negative Western World industrial pro…
News
Spot Prices Wednesday, Sept. 24, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$385.25+12.35Silver$5.23+0.06Platinum$705.00+9.00…
Canadian Stock Exchange Indices (September 29, 2003)
DateSept. 23Sept. 22 Sept. 19Sept. 18 Sept. 17HighLowTSX Composite7644.047566.517602.2176…
The Northern Miner Indices (September 29, 2003)
North American Mining: 92.86 (+3.60)Small Producers: 90.00 (+1.61)(Sept. 30/98 = 100)…
Diavik powers Aber’s earnings
As the newly constructed Diavik diamond mine continues to ramp-up, Aber Diamond (ABZ-T) sold US$19.2 million worth of rough gems over the 6-month period ended July 31, 2003, resulting in net earnings …
Taconite tailings in aggregate
Byproducts from the taconite pellet-making process in Minnesota have been piling up for decades, but research has found that these tailings could be a marketable commodity.Researchers at the Natural R…
Newmont outlines 5-yr plan
The Denver Gold Forum, held Sept. 22-24, provided a platform for 60 of the world’s biggest precious metals miners to strut their stuff in front of investors. This year, almost all the audio portion of…
Suppliers Roundup (September 29, 2003)
Program predicts motion in millsThe Melbourne-based Commonwealth Scientific and Industrial Research Organization (CSIRO) has developed an Internet-based program that predicts the motion of particles i…
Relieved of debt, Anaconda moults
Having shed its debt related to wholly owned subsidiary Murrin Murrin, Aussie nickel-laterite miner Anaconda Nickel will ask shareholders to approve a 1-for-15-share consolidation and name-change to M…
More aluminum on the way
According to London-based market analyst Roskill, the aluminum industry is set to boost primary capacity by 10 million tonnes per year over the next 5-7 years.In a study titled The Economics of Alumin…
Bruce joins Crystallex
Eight months after resigning as president of Iamgold (IMG-T) following its merger with royalty firm Repadre Capital, Todd Bruce is assuming the positions of president, CEO and director of Crystallex I…
Trading Summary (September 26, 2003)
The Toronto Stock Exchange suffered its third straight loss falling 80.29 to 7,433.08 on Friday. The consumers stap…