Summo to develop Lisbon Valley copper
Denver-based Summo Minerals (SMA-T) has received approval to construct and develop the Lisbon Valley copper project in southeastern Utah.The go-ahead stems from a decision, by Deputy Chief Administrat…
Articles by Northern Miner Staff
METAL PRICES (October 12, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateOct. 6Oct. 5Oct. 2Oct. 1…
Companies (October 12, 1998)
Aber ResourcesAdmiral Bay ResourcesAlberta EnergyAnglo AmericanAscot ResourcesAshton Mining of CanadaAtapa MineralsAtna ResourcesBattle Mountain GoldBlack Hawk MiningBolidenBolivar GoldfieldsBreak…
Platexco revises terms of Winnaarshoek deal
With the South African Reserve Bank blocking the proposed acquisition by Platexco (PTX-T) of the Winnaarshoek and Buffelshoek platinum properties, the company is reverting to a modified version of an …
De Beers pulls diamonds from Victoria Island
Microdiamond analysis performed on four of the five kimberlites discovered earlier this summer at the Victoria Island project in the Far North has determined that three of bodies are diamondiferous.Mo…
MOST ACTIVE ISSUES (October 05, 1998)
ExchgVol(000s)HighLowCloseChangeBarrick GoldT2182…
MINING MARKETS & INVESTMENT NEWS — Producers up on gold’s strength
Early in the report period Sept. 23-29, the Dow Jones industrial average jumped over 200 points. Holding more-or-less steady for the rest of the week, the average closed at 8,080.52, up 183.32 points …
TSE SHORTS (October 05, 1998)
Short positions outstanding at September 18, 1998Larger individual positions include:Abitibi Consolidated2,079,307, up 94,475; Alcan Aluminium 1,045,099, down 73,536; Asia Pacific Resources 255,400; B…
PRODUCER & DEALER PRICES (October 05, 1998)
Aluminium: LME settlements US$1,312.50, alloy US$1,128 per tonne (Sept. 29/98).Antimony: Representative mid-market US$1,320 per tonne (Sept. 29/98).Bismuth: Representative mid-market US$3.25 per lb. (…
Rubicon eyes Point Leamington deposit
Two letters-of-intent pave the way for Rubicon Minerals (RMX-V) to acquire the Point Leamington massive sulphide deposit near Grand Falls, Nfld.The deposit hosts an estimated resource of 13.2 million …
NEWS ROUNDUP — Electra finances tailings project
Electra Gold (ELT-V) has raised sufficient funds to begin processing tailings at a Newfoundland mill owned by Ming Minerals.The project hinges on a rental agreement with Eastern Meridian Mining (EME-A…
Princess picks up three licences in central China
China’s Ministry of Land and Mineral Resources has granted four gold exploration licences to the Chinese affiliate of Princess Resources (PRL-V).The affiliate, Princess Xinxiang Geological Mining, is …