GOLD FUNDS (November 09, 1998)
Gold Funds as of October 29, 1998BGRCentralNet Value$14.176.11Price$10.50…
Articles by Northern Miner Staff
MINING MARKETS & INVESTMENT NEWS — Anglogold tenders bid for Minorco’s gold assets
The world’s largest gold producer, Anglogold (AU-N), has submitted a tender offer for the gold assets of Minorco (MNRCY-Q).The acquisition would add nearly 10 million oz. to Anglogold’s reserve base p…
MOST ACTIVE ISSUES (November 09, 1998)
ExchgVol (000s)HighLowCloseChangeArgentina GldV13…
MINING MARKETS & INVESTMENT NEWS — US MARKETS — US elections weigh on Dow
The Dow Jones industrial average gained 340.11 points, or 4.1%, over the Oct. 28-Nov. 3 report period to close at 8,706.15.The average showed strength early in the week but grew sluggish as the Nov. 3…
TSE INDICES (November 09, 1998)
1998Nov. 3Nov. 2Oct. 30Oct. 29Oct. 28HighLowCompo…
LME WHSE LEVELS (November 09, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Nov. 3/98 (change from Oct. 27 in brackets):MetalStocks (tonnes)Change…
Cyprus gains Indonesian asset
The coal division of Cyprus Amax Minerals (CYM-N) will acquire a controlling interest in the Mecfa property in East Kalimantan, Indonesia, from Nevada Manhattan Mining (NVMH-O).To earn an 85% interest…
NAME CHANGE (November 09, 1998)
Aranlee Resources (ARB-V) has changed its name to Southern Metals (SUH-V) on a 1-new-for-7-old-share basis.
Uranium Power expands in Canada
Colorado-based Uranium Power has signed a deal with the Canadian subsidiary of Phelps Dodge (PD-N) to pick up six uranium properties in northern Saskatchewan.The option deal will add 30,000 ha to Uran…
Studies predict low costs at Kassandra projects — Capital cost to be defrayed by EU grants
Final feasibility studies on the Kassandra projects on the Khalkidiki Peninsula of northern Greece predict low production costs for the two mines.Consulting firm Kvaerner Metals has delivered a report…
Antares to merge with Vaaldiam
A financing deal between Vaaldiam Resources (VRL-A) and Antares Mining & Exploration (ANZ-T) sets the stage for a merger.The agreement calls for Antares to buy 416,667 Vaaldiam shares at 36 cents each…
Partners expand Clearwater resource
Quebec government-owned Soquem and equal partner Eastmain Resources (ER-T) have increased the resource at the Clearwater project’s Eau Claire gold zone in Quebec’s James Bay region.Thanks to two recen…