LME WAREHOUSE LEVELS (July 27, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 20/98 (change from July 13 in brackets):MetalStock(tonnes)Change…
Articles by Northern Miner Staff
Global prepares for bulk sample
Global Diamond Resources (GDRS-O) plans to begin underground bulk sampling at the Montrose kimberlite pipe in South Africa.The California-based explorer completed 30 large-diameter, vertical drill hol…
PRODUCER AND DEALER PRICES (July 27, 1998)
Aluminium: LME settlements US$1,331, alloy US$1,305 per tonne (July 20/98).Antimony: Representative mid-market US$1,375 per tonne (July 13/98).Bismuth: Representative mid-market US$3.60 per lb. (July …
Teck triumphs over low prices
Despite substantially lower metal prices, Teck (TEK-T) managed to squeeze out a slim profit during the second quarter.The Vancouver-based major earned $3 million (or 3cents per share) on $177 million …
Donner, partners perform early-stage exploration at Voisey’s Bay
Donner Minerals (DML-V) and its joint-venture partners have obtained results best described as teasers from their $9.2-million first-phase exploration program at South Voisey’s Bay, Labrador.So far, a…
Rupert advances South African project — Delineation drilling seen as prelude to bulk sampling
Under the supervision of MPH Consulting, Rupert Resources (RUP-V) has launched a drill program on the past-producing Crown kimberlite pipe in South Africa.Eight holes have been drilled to date, with t…
CORRECTIONS (July 27, 1998)
Fortune Minerals trades on the Toronto Stock Exchange under the symbol FT.The high grade gold zone at the Nico project grades an average of 0.09% bismuth (plus values in cobalt, copper and gold). Inco…
Normabec eyes Comtois
Montreal-based Normabec Mining Resources (NMB-M) has struck a deal with the Canadian subsidiary of Phelps Dodge (PD-N) to option the major’s Comtois gold property, 15 km northwest of Lebel-sur-Quvill…
Americana options property
Venezuela-based Americana Gold & Diamond Holdings (AGDM-Q) has signed a letter-of-intent to earn a controlling stake in the Santa Rosa gold project in northern Brazil.The junior can earn an 80% intere…
Low copper prices hurt Phelps Dodge
American copper producer Phelps Dodge (pd-n) reported earnings of US$40.4 million (or 69cents per share) for the second quarter, compared with US$134.8 million (US$2.16 per share) in the corresponding…
Companies (July 27, 1998)
America Mineral FieldsAmericana Gold & DiamondArizona Star ResourcesBarrick GoldBattle Mountian GoldBirim GoldfieldsBolidenBreakwater ResourcesBroken Hill ProprietyBuchans RiverCamecoCartaway Resource…
BOOK REVIEW — Study explores mining boom-and-bust cycles — Worldwide Mineral Exploration: Preparing for the Next Boom
Financial Times EnergyLondon W1P 9LL, U.K.The complex boom-and-bust cycles that characterize the international mineral exploration industry are elucidated admirably in a concise (146- page) and highly…