The Dow Jones Industrial average continued its slow slide, finishing the May 20-26 report period down 90.92 points (1%) at 8,963.73. Trading was light because of the Memorial Day holiday May 25.All ma…
Settlement prices for London Metal Exchange spot metal and three-month contracts, May 26/98 (US$ per tonne):MetalsCash PriceThree Month Price…
Aluminium: LME settlements US$1,340, alloy US$1,259 per tonne (May 26/98).Antimony: Representative mid-market US$1,490 per tonne (May 26/98).Bismuth: Representative mid-market US$3.75 per lb. (May 26/…
After a 6-year production hiatus, the Cassiar asbestos project in British Columbia is ready to begin producing chrysotile fibres once again.Operator Mineral Resources (MIC-T), which holds a 100% inter…
An accident involving a truck on its way to the Kumtor gold mine in eastern Kyrgyzstan is causing headaches for Cameco (CCO-T) and may lead to a lawsuit or criminal proceedings.The truck, which was ca…
June 1, Int’l DamascusJune 1, NeutrinoJune 1, Pacific FalkonJune 1, Samax GoldJune 2, Eden RocJune 2, El CallaoJune 2, Golden QueenJune 2, GoldfundJune 2, GoldtrustJune 2, La TekoJune 2, LegionJune 2,…
Gold production in Russia’s Magadan region will drop by 9 tonnes this year as a result of a new precious metals law that restricts contracts between Russian miners and mills, says the regional governm…
Thirteen British Columbia mines were recognized at the province’s 36th annual Safety Awards, part of the recent Mining Week festivities.Fording Coal’s Greenhills operation was a double winner, receivi…
Toronto-based junior gold producer Akrokeri-Ashanti Gold Mines (AAGM-C) is significantly expanding its presence in Ghana with the acquisition of the private Ghanaian company Goldenrae Mining.For 85% o…
BBy Michael AttenboroughIn a deal that could affect the development of the Wolverine massive sulphide deposit in the Yukon, Boliden (BOL-T) subsidiary Boliden Westmin has signed an agreement to deal i…
A compilation report on results from the Hungry Hill base metal prospect in Newfoundland’s Central mineral belt concludes that the prospect may represent the fringe of a volcanogenic massive sulphide …
Larry Strauss of Canaccord Capital expects that Placer Dome (PDG-T) will have a strong 1998. Accordingly, the mining analyst is continuing to rate the company a buy.Strauss notes that the major plans …
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