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…
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…
GOLD FUNDS (July 13, 1998)
Gold Funds as of June 25, 1998BGRCentralNet Value$13.85$6.02Price$10.10$5…
PRODUCER & DEALER PRICES (July 13, 1998)
Aluminium: LME settlements US$1,265.50, alloy US$1,195 per tonne (July 7/98).Antimony: Representative mid-market US$1,375 per tonne (July 7/98).Bismuth: Representative mid-market US$3.60 per lb. (July…
Royal Gold assumes control of Greek exploration project
Royal Gold (RGLD-Q) has taken control of the Milos gold project in Greece following the termination of an agreement with an Australian investor group.In March of this year, Royal announced an agreemen…
METAL PRICES — Daily Metal Prices (July 06, 1998)
BASE METALS (London Metal Exchange-Midday official cash prices in US$ per tonne)DateJune 30June 29June 26June 25…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Snap Lake drilling piques investors’ interest in Winspear
The Vancouver Stock Exchange composite index remained relatively unchanged over the holiday-shortened report period of June 24-29, slipping just one-fifth of a point to close at 532.24. The mining ind…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow Industrial retests 9,000 mark
The Dow Jones Industrial average was up 168.90 points (or 1.9%) over the report period June 24-29 to close at 8,997.36 in pre-holiday trading.Mining issues were mixed, with a few more losers than gain…
MOST ACTIVE ISSUES, June 23-29
ExchgVol(000s)HighLowCloseChangeWinspear ResV2076…
MINING MARKETS & INVESTMENT NEWS — Promotion called “mini Bre-X”
Former executives of Redell Mining (REDC-V) are in a British Columbia courtroom facing one count of fraud and 19 counts of misrepresentation under the province’s Securities Act relating to the company…
Production of most Canadian metals down
Canadian production of copper, primary nickel and refined zinc rose between March 1997 and March 1998. However, output of commodities such as gold, silver, refined nickel, lead and primary zinc declin…
FACTS ‘N’ FIGURES — Miners rethink future gold output
World gold production is expected to increase by an average of 1% per year over the next four years, reaching 83.5 million oz. in 2001.This modest projected growth rate is in sharp contrast to that of…