GOLD FUNDS (July 13, 1998)
Gold Funds as of June 25, 1998BGRCentralNet Value$13.85$6.02Price$10.10$5…
Articles by Northern Miner Staff
LME WAREHOUSE LEVELS (July 13, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 6/98 (change from June 29 in brackets):MetalStocks(tonnes)Change…
ASIA Minerals picks up more ground in China
With China’s mining industry (along with many other sectors) rapidly becoming more like those of Western nations, Denver-based General Minerals (GNM-T) is seizing the opportunity to pick up prospectiv…
AMT consolidates Copper Creek holdings
Tucson, Ariz.-based AMT International Mining (AAI-T) has arranged to buy out Copper Creek partner Broken Hill Proprietary (BHP-N).To earn the Australian-based major’s 50% stake in a 1,680-acre portion…
ASIA — PT Inco expansion continues apace in Indonesia
Despite troubles at home and a depressed nickel market, Inco (N-T) is making strides in expanding its Soroako nickel operations on the island of Sulawesi in Indonesia.Inco has been in commercial produ…
ASIA — Princess Resources renews drill campaign in China
Having raised $4.5 million in a private financing, Princess Resources (PRL-V) has renewed a drill program at the Da Fang gold-silver property in China’s Hunan province. The program is expected to tota…
ASIA — Junior under the microscope in Kalimantan
While some companies are licking their wounds after an unhappy Indonesian experience, Borneo Gold (BNO-V) has started a 5,500-metre drilling program on its Bunut gold prospect with cautious optimism.B…
ASIA — Rio Tinto ups output in Southeast Asia
Neither weak markets nor the effects of El Nino could deter Rio Tinto (RTP-N) from increasing gold production at its Asian gold operations in 1997.The company’s 90%-owned Kelian gold mine, in Kalimant…
ASIA — Dunlap drills Wae Dara
A drill program by International Dunlap Minerals (IDZ-V) is testing volcanogenic massive sulphide (VMS) prospects identified during the junior company’s 1997 exploration program on Indonesia’s Flores …
Rex Diamond closes financing to repay US$3-million loan
Rex Diamond Mining (RXD-T) has raised US$3 million in a debt financing with a group of European investors.The deal consists of a US$2-million interest-free note that can be converted into 2 million Re…
Ditem seeks financing
Ditem Explorations (DIT-M) has made a private offering consisting of 500 units priced at $1,000 apiece. Each unit consists of 333 flow-through shares priced at $2.40 each; 84 common shares at $2.40 ea…
CORRECTION (July 13, 1998)
A June 29 article concerning the feasibility study completed at Niocan’s (NIO-M) niobium project near Montreal incorrectly stated that SNC-Lavalin owns the Met-Chem Pellemon Consortium. SNC-Lavalin ha…