The Northern Miner — North American Mining Index (November 12, 2001)
67.92 (+1.47)(Sept. 30/98 = 100)…
2001
Feds slash key rate to 2%
The biggest market-driver in the U.S. during the report period ended Nov. 6 was the Federal Reserve’s slashing of its overnight lending rate by 50 basis points to 2%, its lowest level in more than 40 …
Staff Investment Policy (November 12, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Producer and Dealer Prices (November 12, 2001)
Antimony: Mid-mkt US$1,260/t.Bismuth: Mid-mkt US$3.50/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.95-7.80/lb.Copper: Comex Dec. US$0.616/lb.
Spot Prices Wed. November 7, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$280.50-$0.45Silver$ 4.15-$0.13Platinum$418.00-$…
Exchange Rates (November 12, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 6Nov. 5Nov. 2Nov. 1Oct. 31US$ in C$1.59361.59561.5922…
Canadian Stock Exchange Indices (November 12, 2001)
DateNov. 6Nov. 5Nov. 2Nov. 1Oct. 31HighLowTSE 3007145.467079.337023.976984.616885.709…
Banro seeks return of Congolese gold assets
Toronto-based Banro (YBE-V) will submit a proposal to government officials from the Democratic Republic of the Congo in an effort to resolve a long-standing dispute over the government’s seizure of go…
Industry opposes cyanide ban
Industry representatives in Wisconsin are taking aim at a bill that would ban the use of cyanide in mining.Opponents say the bill would needlessly kill jobs while providing no additional protection of…
Coronation pipes return strong counts
A new kimberlite camp is emerging some 50-120 km south of Coronation Bay in the northern Slave Craton region of Nunavut. Discoveries by Ashton Mining of Canada (ACA-T) and Kennecott Canada Exploration…
South African players consolidate Free State assets
Harmony Gold (HGMCY-Q), which has made a name for itself by acquiring marginal or unprofitable South African mines and turning them around, has submitted an undisclosed cash offer to acquire all of An…
Teck, union reach deal
Teck Cominco and the unions at the company’s Trail operations in southwestern British Columbia have ratified the terms a collective agreement.The contract runs through 2005 and is retroactive to June …