Canadian Stock Exchange Indices (March 24, 2003)
DateMarch 18March 17March 14March 13March 12HighLowTSX Composite6438.616406.636304.496295.446…
2003
Coeur sets records
Last year was a banner one for Coeur d’Alene Mines, as the company set records for silver and gold production. Silver output rose 36% to 14.8 million ounces, produced at a cash cost of $2.89 per oz., …
Junior exchange uneasy as war looms.
Vancouver — Canada’s junior exchange braced itself for war over the week ended March 18. The S&P-TSX Venture Exchange composite index slipped 9.94 points, or 0.92% of its value, and closed at 1,062.0…
Broad market, resource stocks march to US war beat
As war in Iraq drew nearer over the March 12-18 report period, financial speculators at home pushed the S&P-TSX composite index ever higher. After all was said and done, the bulls had raised the bench…
Codelco chooses remote controlled mining system
Corporacin Nacional del Cobre de Chile (Codelco) will employ Sandvik Tamrock’s AutoMine system at the El Teniente underground mine as part of a plan to double that operation’s market capitalization f…
TSX-V MOST ACTIVE ISSUES (March 24, 2003)
ExchgVol(000s) High Low Close ChangeDoublestar ResV16910.570.460.57+0.10…
Black empowerment ‘scorecard’ dominates Indaba
Cape Town, South Africa — Some 1,740 delegates from 38 countries attended the 2003 edition of the Investing in African Mining Conference (Indaba), held here recently, making it the busiest ever. The …
South Atlantic updates Storliden reserves
Vancouver — An independent consultant has tabled an updated reserve estimate for the Storliden copper-zinc mine in northern Sweden. The mine is owned by North Atlantic Natural Resources, the 38%-owne…
People (March 24, 2003)
Alcan — Denis Desautels and Milton Wong selected as candidates for election to board of directors.Alcoa — Mohammad Zaidi appointed chief technical officer.Arch Coal — Bennett Hatfield…
NYSE MOST ACTIVE ISSUES (March 24, 2003)
ExchgVol(000s) High Low Close ChangeAlcoa*N991221.2919.8021.14+1.26…
Lending Rates (March 24, 2003)
as of 4 pm ET, Mar. 18, 2003(%)Bank of Canada3.25Canadian Prime4.75U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.27LIBOR US$ 6-month1.24LIBOR US$ 1-year1.36Gold lease 3-…
Alcoa inks smelter deal
Alcoa has signed a 40-year agreement with Landsvirkjun, Iceland’s national power company, to build a $1.1-billion aluminum smelter.The plant, which has a planned capacity of 322,000 metric tons per ye…