Companies keep score on empowerment
A new system is allowing South African mining companies to monitor the sale of shares to black investors, the training and hiring of black staff, and purchases of goods and services from black-owned c…
News
People (February 03, 2003)
Apex Silver Mines — Igor Levental appointed VP of investor relations and corporate development.Cattron Theimeg — Frank Rudge appointed VP and managing director.Coeur D’Alene — James Sa…
Kensington board all in favour of keeping Stone
The board of Kensington Resources voted unanimously to keep David Stone as its president after the company failed to report insider trading in Kensington stock made by Stone between 1997 and 2000.Ston…
Canadian Stock Exchange Indices (February 03, 2003)
DateJan. 28Jan. 27Jan. 24Jan. 23Jan. 22HighLowTSX Composite6570.096556.526664.906737.436721.287992.705678.28TSX Metals & M…
Venture Exchange slips as gold dips
Vancouver — Canada’s junior exchange took a breather over the week ended Jan. 28. The S&P-TSX composite index slipped 8.99 points, or 0.8% of its value, to close at 1114.42.Quaterra Resources was the…
MOST ACTIVE ISSUES, JANUARY 22-28
ExchgVol(000s)HighLowCloseChangeSilverado*Q677770.530.210.30-0.28…
LME Warehouse Levels (February 03, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 28 (change from Jan. 21 in brackets):MetalStock(tonnes)ChangeAluminium1217775(-8…
Spot Prices Wednesday January 29, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$369.85+10.60Silver$4.85+0.02Platinum$649.00+1.00…
Lending Rates (February 03, 2003)
as of 4 pm ET, Jan. 28, 2003(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.34LIBOR US$ 6-month1.34LIBOR US$ 1-year1.42Gold lease 3-…
Daily Metal Prices (February 03, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 28Jan. 27Jan. 24Jan. 23Jan. 22Al Alloy1425/139…
Partners confirm Renard 2 potential
The latest, 2.5-tonne sample from the Renard 2 pipe on the Foxtrot property in the Otish Mountains region of Quebec has yielded 1.62 carats of diamonds greater than 0.85 mm in diameter.According to eq…
TVX, Echo Bay shareholders give the nod
TVX Gold (TVX-T) reports that shareholders have given the green light to the proposed three-way merger of their com…