Alcan Inc

Resource sector leads the charge

The Toronto Stock Exchange’s energy index powered the way, gaining 4.7% to reach 186.01 points by the end of the Sept. 15-21 report period, as oil prices rose to month-long highs on supply concerns south of the border. The golds chipped in with a…


Disharmony for Harmony

U.S. stock markets didn’t show much change over the period Sept. 8-14. The S&P 500 index was up 7 points, or 0.6%, at 1,128.33 points and the Dow Jones Industrial Average was down 0.2%, or 24.63 points to close at 10,318.16 points.


Alcan expands Down Under

Montreal-based Alcan (AL-T) will invest A$1.3 billion in the expansion of its Gove alumina refinery in Australia’s Northern Territory.


Alcoa shares tumble (September 20, 2004)

Alcoa (AA-N) shares fell 7.5% to US$30.75 on Sept. 10 after the company warned that third-quarter earnings from continuing operations would likely shrink to US30-35 per share from a previously expected US52 per share.


Insider Trading (August 23, 2004)

The following insider trading transactions were reported in the July OSC Bulletin, published by the Ontario Securities Commission:…


Landslide brings down Freeport

The period ended July 20 was punctuated by a hefty second-quarter loss by Freeport-McMoRan Copper & Gold, which stemmed primarily from a major rockslide last October at its giant Grasberg mine in Indonesia.


Aluminum giants eye Guinean refinery (May 24, 2004)

The world’s two largest aluminum producers — Alcoa (AA-N) and Alcan (AL-T), of Pittsburgh, Pa., and Montreal, Que., respectively — are considering joining forces to build an alumina refinery in Guinea, West…


A week of highs and lows

The week of May 12-May 18 saw a lot of ups and downs on the Toronto Stock Exchange. The spot price for gold in London on the afternoon of May 18 closed at US$377.70 per oz., up US$2.45 from the previous week. The S&P-TSX composite index closed on…




It’s all in the US dollar: Scotia Capital

A forecast for a continued decline in the greenback, outlined in the research booklet Focus 2004: Outperformers and Underperformers for 2004, underpins much of Scotia Capital’s predictions for the glo…


Alcan secures Pechiney

With Alcan’s (AL-T) 4-billion-euro takeover bid for France’s Pechiney expiring, the Canadian aluminum giant reports that, so far, 92.21% of the fully diluted shares have been tendered.The results are …


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