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 …
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…
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 …
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. (…
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…
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 …
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The prospect of diminishing reserves at the Kori Kollo mine, Bolivia’s largest gold producer, has spurred Battle Mountain Gold (BMG-N) to continue exploring the area for additional deposits.The compan…
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Royal Bay Gold (RBG-V) has changed its name to Featherstone Resources (FIT-V) on a 1-new-for-3-old-share basis.
Field work has begun on several of the 20 properties being managed by International Taurus Resources (ITS-V) in the Casa Berardi area of northwestern Quebec.Until recently, the properties were, for th…
Soil sampling by Indo Pacific Resources (IPF-A) at its Kavola East gold zone in Papua New Guinea has extended the area of mineralization.Situated on the New Britain licence, the Kavola East zone was e…
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