Phelps Dodge Corporation

OM in freefall

After dropping from US$40 to US$30 in the previous week, the shares of cobalt refiner OM Group collapsed further during the report period, falling 71% on Oct. 29 to US$8.95 and closing at US$7.49 on t…


OM whacked by UN report

Shares in Cleveland-based cobalt refiner OM Group crashed to a three-and-a-half-year low during the report period following its mention in a UN Security Council report on illegal mining activity in th…



Markets stage stunning rally

The period ending Oct. 15 saw a dramatic surge in the broad U.S. markets, with both the Dow Jones Industrial Average and the S&P 500 index surging more than 10% to 8,255.68 and 881.27 points, respecti…






Golds slump in weak market

Dow 36,000 receded further into the distance over the report period Oct. 1-8, with the bellwether U.S. stock index plunging 437.30 points to finish at 7,501.49. But the gold stocks, which have been fe…



BHP shuts Anglo out of Ekati

It was a relationship that couldn’t last: BHP Billiton has notified its global rival, Anglo American, that it would not renew its agreement allowing Anglo subsidiary De Beers the right to marke…



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