LME Warehouse Levels (December 10, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 4/01 (change from Nov. 27 in brackets):MetalStock (tonnes)ChangeAluminium722500(…
News
Asarco follows trend, cuts copper output
Vancouver — Joining the ranks of other major producers, Phoenix-based Asarco, a subsidiary of Grupo Mexico, has announced further cuts to its copper output. Production at the Mission mine in southern…
Canadian Stock Exchange Indices (December 10, 2001)
DateDec. 4Dec. 3Nov. 30Nov. 29Nov. 28HighLowTSE 3007450.097374.827425.657400.497358.20…
Northern Miner Indices (December 10, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
Exchange Rates (December 10, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 4Dec. 3Nov. 30Nov. 29Nov. 28US$ in C$1.57231.57601.57181.582…
IMA cashes up for Peruvian exploration
Vancouver-based IMA Exploration (IMR-V) is looking to raise more than $1 million to fund exploration in Peru.The junior has arranged a non-brokered private placement of up to 2.7 million units priced …
Daily Metal Prices (December 10, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 4Dec. 3Nov. 30Nov. 29Nov. 28Aluminium…
CDNX posts gains in active week
Vancouver — Canada’s junior exchange entered the Christmas season on a bullish note, posting gains on all indices during the week ended Dec. 4. The Canadian Venture Exchange composite index added 15….
Producer and Dealer Prices (December 10, 2001)
Antimony: Mid-mkt US$1,250/t.Bismuth: Mid-mkt US$3.25/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.95-8.25/lb.Copper: Comex Mar. US$0.709/lb.Indium: Indi…
AngloGold bares its knuckles
As expected, AngloGold (AU-N) has sweetened its takeover bid for Normandy Mining (NDY-T), setting the stage for a fierce battle with rival bidder Newmont Mining (NEM-N).In mid-November, Newm…
NAME CHANGES (December 10, 2001)
Spokane Resources (SKN-V) has changed its name to SKN Resources (SRL-V) on a 1-new-for-10-old-share basis.Totem Mining (TOH-V) has changed its name to Comcorp Ventures (CV…
Falconbridge zeros in on high-grade sulphides
A high-grade base metals discovery in the Sudbury igneous complex of northern Ontario has prompted Falconbridge (FL-T) to accelerate drilling.By January, the major plans to have three rigs chasing the…