Suit filed against Southern Peru copper
Denver — A Peruvian group has filed suit in New York, N.Y., claiming 40 years of emissions from the Ilo smelter have poisoned nearby residents and harmed the regional ecosystem. The plant is operated…
News
Freeport returns Grasberg to full capacity
Denver — Freeport-McMoRan Copper & Gold (FCX-N) has returned the Grasberg mine in Indonesia to capacity.Throughput at the giant copper-gold complex, situated in Irian Jaya, had been limited to 200,00…
Spot Prices Wed. January 3, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$269.00-$5.70Silver$ 4.53-$0.10Platinum$614.00+$…
LME Warehouse Levels (January 08, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 2/01 (change from Dec. 22/00 in brackets):MetalStock(tonnes)ChangeAluminium298925…
Storliden deposit green-lighted
Swedish-listed North Atlantic Natural Resources, in which Boliden (BOL-T) and South Atlantic Resources (SCQ-V) each own a 38% equity stake, has resolved a dispute pertaining to the environmenta…
Majescor raises $2.2m
Quebec City-based Majescor Resources (MAJ-M) has arranged a $2.2-million private placement with investment dealer Canaccord Capital. Proceeds are earmarked for diamond exploration in northern Quebec.T…
Gold Funds (January 08, 2001)
Gold Funds as of Dec. 28 2000Dundee Precious MetalsCentral FundNet Value$11.52$5.34Price…
Producer and Dealer Prices (January 08, 2001)
Antimony: Mid-mkt US$1,350/t.Bismuth: Mid-mkt US$4.00/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.70-14.25/lb.Copper: Comex March US$0.8115/lb.Indium: …
Freeport-McMoRan faces higher levels of political risk
A visit to the Grasberg copper-gold mine has prompted mining analyst Roger Chaplin of Canaccord Capital to issue a “speculative buy” recommendation for Freeport-McMoRan Copper & Gold (FCX-N), which op…
NAME CHANGES (January 08, 2001)
Goldbank Ventures Ltd. (GBK.A-V) has changed its name to Consolidated Goldbank Ventures Ltd. (CVT.A-V) on a 1-new-for-4-old-share basis.
Testing the testers
In the recent evaluation of mineral industry standards, questions were raised about the reliability of assays. Now in its fourth year, The Proficiency Testing Program — Mineral Analysis Laboratories …
Revisions to mining indices
The quarterly revision of The Northern Miner’s two mineral-industry market indices has resulted in the addition of Stillwater Mining (SWC-X) to the North American Mining Index.Stillwater, with a marke…