Southern Peru sale put on hold
A planned transfer of the majority stake in copper miner Southern Peru Copper (PCU-N) from Asarco to parent company Grupo Mexico is on hold following an injunction obtained by the U.S. Department of J…
News
NAME CHANGES (August 26, 2002)
Dalmatian Resources (DTN-V) has changed its name to Enwest Ventures (ENN-V) on a 1-new-for-3-old-share basis.
Boliden profitable in first half
Sticks and stones may break its bones, but Boliden (BLS-T) is in the black for the quarter.Shortly after a European Union vice-president called it a “slut,” the Swedish base metals producer has posted…
News – 26-AUG-02
Southern discomfort
The news from the Latin nations of South America in recent months has not been comforting.The International Monetary Fund (IMF) recently lent Brazil US$30 billion to meet immediate debt repayments. Fa…
Daily Metal Prices (August 26, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAug. 20Aug. 19Aug. 16Aug. 15Aug. 14Al Alloy1241/125…
Producer and Dealer Prices (August 26, 2002)
Antimony: Recent trades US$1,750-2,000/t.Bismuth: Mid-mkt US$2.95/lb.Cadmium: Mid-mkt US$0.30/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.00-7.05/lb.Copper: Comex Sept US$0.6815/lb…
Gold makes comeback
Only a few weeks ago, gold dropped to its lowest level in 36 months after an unprecedented 2.5-year-long slide from its 1980 record high of US$850 per oz. However, the yellow metal has now soared back…
T.N.M. welcomes letters (August 26, 2002)
The Northern Miner welcomes letters to the editor on any article appearing in the paper or on any aspect of the mining industry. We reserve the right to edit letters for length or readability. Letters…
TSE Short Positions (August 26, 2002)
Short positions outstanding at August 15, 2002Larger individual positions includeAber Diamond Corporation 301647 down 88375; Agnico-Eagle Mines Ltd. 5573295 down 293714; Atacama Minerals Corp.
US copper consumption dips in 2001
For the first time in five years, domestic consumption of copper and copper alloy mill products did not reach a record high.The 2001 level of domestic use totalled 8.2 billion lbs., a 15.5% decrease f…
Higher premiums almost close coal mine
More than 100 jobs at a U.K. coal mine have been saved following a last-minute deal to secure insurance coverage.More than 80 workers out of a total of 110 at the Betws coal mine, in Ammmanford, Carma…