Silver lining for white metal producers: "Mar 20, 2006 (The Australian - ABIX via COMTEX) -- Like gold, the price of silver has been rising steadily. In March 2006 it is trading at more than $US10 an ounce. Australia is the third-largest silver producer in the world, but there are few opportunities for local traders to invest in the market. BHP Billiton is Australia's major silver producer. Substantial producers, Perilya and CBH Resources, are locked into contracts. The only specialist silver miner is Macmin Silver, but production is not due to begin until later in 2006. Meanwhile, Barclays Capital Investors is planning to open a silver-backed exchange traded fund and the Dubai Gold & Commodity Exchange will shortly give the go-ahead for a silver contract.
Publication Date: 21 March 2006
MACMIN SILVER LIMITED - ASX MMN:
BHP BILLITON LIMITED - ASX BHP:
MALACHITE RESOURCES NL - ASX MAR:
MORNING STAR GOLD NL - ASX MCO:
PERILYA LIMITED - ASX PEM:
CBH RESOURCES LIMITED - ASX CBH:
COUER D'ALENE MINES CORPORATION:
BARCLAYS GLOBAL INVESTORS:
UNITED STATES. SECURITIES AND EXCHANGE
COMMISSION:
DUBAI GOLD AND COMMODITIES EXCHANGE:
DUBAI METALS AND COMMODITIES CENTRE:
SHANGHAI GOLD EXCHANGE:
MOTOROLA INCORPORATED:"
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