THE NORTHERN MINER — North American Mining Index (November 01, 1999)
96.18 (-3.83)(Sept. 30/98 = 100)…
1999
MOST ACTIVE ISSUES, OCTOBER 20-26
ExchgVol(000s)HighLowCloseChangePlacer DomeT15427…
GOLD FUNDS (November 01, 1999)
Gold Funds as of October 21, 1999BGRCentralNet Value$14.355.92Price$9.55$…
LME WHSE LEVELS (November 01, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 26/99 (change from Oct. 19 in brackets):MetalStock(tonnes)Change…
Greatest Value Traded, OCTOBER 20-26
ExchgVal($000s)HighLowCloseChangeBarrick GoldT285…
U.S. copper demand on the rise
Copper consumption in the U.S. was 2.6% higher in the first seven months of 1999, compared with the corresponding period last year.The U.S., the world’s chief consumer of copper, is expected to use 8….
China restructures mining laws for Western players — ‘Friendly’ revisions fail to address concerns over preset gold prices
The Chinese government has upgraded its Mining Code in an attempt to lure more foreign investors, but mining firms remain critical of a component that prohibits gold hedging.The changes allow foreign …
SPOT PRICES (November 01, 1999)
Wednesday October 27, 1999Precious MetalsPrice (US$/oz.)ChangeGold$290.40-$19.35Silver…
CORRECTION (November 01, 1999)
The Cerro Colorado mine, owned by Rio Algom (ROM-T) in Chile, is producing 100,000 tonnes of electrowon copper per year. Incorrect information appeared in our issue of Oct 18-24.
Asarco joins Grupo Mexico
Asarco (AR-N) has terminated its merger agreement with Phelps Dodge (PD-N) and paid the required US$30-million breakup fee. The New York, N.Y.-based copper producer has instead accepted a cash proposa…
Index (November 01, 1999)
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INSIDER TRADING — Quebec pension fund boosts Cambior holdings
Caisse de depot et placement, a Quebec pension fund, bought 250,000 shares of Cambior (CBJ-T) at $4-4.03 each to hold more than 8 million shares directly or indirectly. The fund must report its transa…