LME Warehouse Levels (May 20, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 14 (change from May 7 in brackets):MetalStock (tonnes)ChangeAluminium1131625(+149…
2002
Canada’s mineral output at near record levels
The value of Canadian mineral production reached $83.8 billion in 2001, only slightly less than in the previous year, according to Natural Resources Canada.The high value is mostly due to strength in …
DIAND assists NWT in training miners
The Northwest Territories will receive $212,500 from the federal Department of Indian and Northern Development to train miners.A portion of the funds will be used to set up an apprenticeship program f…
Profitable Eldorado advances Turkish, Brazilian assets
Vancouver — Having completed a $25-million equity placement and improved its balance sheet, Eldorado Gold (ELD-T) is looking to advance its projects in Turkey and Brazil.During the first quarter of 2…
Fraud scheme lands metal traders in jail
The U.S. Attorney for the southern district of New York state and the Federal Bureau of Investigation have arrested four base metals traders on charges of running an alleged global fraud scheme that c…
Fukuda to leave WGC
Haruko Fukuda, chief executive of the World Gold Council, will leave the London-based organization in late June.Fukuda assumed the post in 1999, just as the British government announced it would sell …
New e-mail for TNM (May 20, 2002)
The Northern Miner’s editorial department has a new e-mail address: tnm@northernminer.comFor circulation inquiries, please contact us at…
Metals markets stay focused on fundamentals
There has been a clear split in metals price movements during the report period May 6-10 as copper and nickel held on to higher levels, while aluminum and zinc fell sharply. This is evidence of a grea…
Low copper prices dent Codelco’s bottom line (May 20, 2002)
Vancouver — Low prices caused the world’s largest copper producer, Corporacion Nacional del Cobre de Chile (Codelco), to suffer a 37% plunge in profits in the first quarter.The company, wholly owned …
Foxpoint fires up Macassa
Foxpoint Resources (FPR-V) has resumed gold production at the Macassa mill in Kirkland Lake, Ont.On a daily basis, the mill is running through 1,100 tons of tailings from the Lakeshore property. The t…
Concentrator boosts PGM output at Lac des les
With the new concentrator at its Lac des les mine in Ontario nearing capacity, North American Palladium (PDL-T) almost tripled production during the first quarter.The concentrator received more than …
Rhonda perseveres at Coronation Gulf
Rhonda (RDM-V) is encouraged by results from glacial till sampling at the Inulik property in the north Slave Craton region of Nunavut.Two samples, 1.4 km apart, returned kimberlite indicator mineral c…