LME WHSE LEVELS (April 12, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at April 6/99 (change from Mar. 30 in brackets):MetalStocks(tonnes)Change…
Articles by Northern Miner Staff
COAL, URANIUM & OIL SANDS — Southern Peru funds expansion
A 15-year loan agreement with Mitsui of Japan will enable Southern Peru Copper (PCU-N) to expand its operations.The US$100-million deal is linked to a long-term contract to sell copper.Southern Peru i…
COAL, URANIUM & OIL SANDS — Juniors to merge
Queenstake Resources (QTR-T) and Santa Cruz Gold (scg-t) have agreed to merge.Queenstake brings to the table properties in Peru, Chile and Mexico plus $8 million in cash.In Peru, the company holds 130…
MOST ACTIVE ISSUES, Mar. 31-Apr. 6
ExchgVol(000s)HighLowCloseChangeAmericn GemT48242…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow flirts with 10,000 again
The Dow Jones industrial average continues to toy with the 10,000 mark. In the report period ended Arpil 6, the Dow cleared the mark once, before falling back to finish the week up 50.23 points, or 0….
SPOT PRICES, March 24, 1999 (April 12, 1999)
Wednesday April 7, 1999Precious MetalsPrice (US)ChangeGold$280.25+$0.45Silver$ 4.9…
Mountain Lake secures water at Klipgat
Mountain Lake Resources (MOA-V) has drilled a well that has eliminated the need for water to be trucked into its Klipgat 18 alluvial diamond mine, now in production along the Mooi River in northeaster…
TSE INDICES (April 12, 1999)
1999Apr. 6Apr. 5Apr. 2Apr. 1Mar. 31HighLowComposi…
COAL, URANIUM & OIL SANDS — Record production at Syncrude
Production of oil from the Syncrude oil sands plant at Fort McMurray, Alta., set a record in March.Syncrude shipped a record 7.5 million barrels (just under 1.2 million cubic metres) in March, a daily…
COAL, URANIUM & OIL SANDS — Producers run hard to keep running
Canadian coal producers are no strangers to tough markets, but recent weakness in the global economy has brought about a new set of competitive challenges and left some struggling for survival.As volu…
COAL, URANIUM & OIL SANDS — Oil sands investment expected to reach $25 billion — New technologies, declining costs increase competitiveness of some operations
Special to The Northern MinerPetroleum producers are expected to pump another $25 billion into the Canadian oil sands over the next decade, even though the world is so soaked in oil that the Organizat…
COAL, URANIUM & OIL SANDS — Peace River coal field re-examined — Production target: 900,000 tonnes over three years
Privately owned Pine Valley Coal will develop the Willow Creek project. Situated in the Peace River coal field of northeastern British Columbia, the project represents the first new coal mine to be de…