METAL PRICES (March 22, 1999)
Daily Metal PricesBASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateMar. 16Mar. 15Ma…
Articles by Northern Miner Staff
MOST ACTIVE ISSUES, March 10-16
ExchgVol (000s)HighLowCloseChangeBarrick GoldT203…
Marriage of stock markets proposed — Merger to create more competitive trading network
The amalgamation of Canadian financial markets is expected to create a leaner entity capable of competing more effectively in the global arena.Under an agreement-in-principal, stock exchanges in Toron…
Kennecott eyes Afridi Lake
Kennecott Canada Exploration has intersected kimberlite in the first target to be tested on the Afridi Lake property in the Northwest Territories.The Rio Tinto (RTP-N) subsidiary can earn a 60% intere…
WESTERN MARKETS — Starcore, ProAm among most active on VSE
The Vancouver Stock Exchange composite index tacked on 3.41 points, or 0.8%, to close the week ended March 16 at 424.67. The mining index followed suit, adding 1.9 points, or 0.6%, to close at 313.85….
Romarco complaint dismissed
A legal complaint filed against Romarco Minerals (R-T), President Joseph van Bastelaar and various other parties has been dismissed.Filed in Utah late last year by the estate of Henry Austin Belnap, t…
Don Indio keeps Stratabound optimistic
Junior Stratabound Minerals (SB-A) has received heartening results from preliminary exploration at its Don Indio polymetallic property in Mexico’s Coahuila state.Don Indio is the smallest of three clo…
Facts ‘n’ Figures — Low stainless demand hits nickel
World consumption of nickel in 1998 is estimated to have fallen to 1 million tonnes from a total of 1.01 million tonnes in the previous year. The decline was the result of decreased demand in stainles…
PRODUCER & DEALER PRICES (March 22, 1999)
Antimony: Representative mid-market US$1,350 per tonne (Mar. 16/99).Bismuth: Representative mid-market US$3.25 per lb. (Mar. 16/99).Cadmium: Representative mid-market US$0.24 per lb. (Mar. 16/99).Chro…
GREATES VALUE TRADED, March 10-16
ExchgVal ($000s)HighLowCloseChangeBarrick GoldT55…
Mountain Lake digs Klipgat gravels
Alluvial diamond mining has begun at the Klipgat 18 concession in South Africa.Mountain Lake Resources (MOA-V) reports that its privately owned partner recovered four stones in February from just over…
U.S. MARKETS — Dow soars as gold falls
The Dow Jones industrial average climbed 236.71 points, or 2.4%, during the report period ended March 16, briefly touching 10,000, before closing at 9930.47 points.However, it was bad news for miners …