METAL PRICES — FREE MARKET (December 12, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Dec. 6 Dec. 5 Dec.2 Dec. 1 Nov. 30 Copper 2912-2913 2938-2940 2984-2985 2948-2950 2955-2958 Lead 630-631 637-638 652-654 637-638 636.5-6…
Articles by Northern Miner Staff
Euro-Nevada buys into Aussie company
Gold royalty company Euro-Nevada (TSE) has acquired an interest in an Australian public company which holds a 10% net smelter return royalty on the Henty gold project in Tasmania. Euro-Nevada acquired…
INSIDER TRADING — Goldbelt officers active
Three officers of Goldbelt Resources (TSE) bought and sold shares in September and October. According to the Ontario Securities Commission’s OSC Bulletin, senior officer and director Michael Muzylowsk…
Cambior drilling in NW Mexico
Toronto-listed Cambior plans to spend an additional US$3.5 million exploring the Metates gold property in Mexico’s Durango state. To date, more than US$4.3 million has been spent on 25,000 metres of d…
Ramrod drilling Atlanta property
Underground drilling is under way on the Atlanta gold property, 60 miles east of Boise, Idaho. Consolidated Ramrod Gold (TSE) can earn a 51% interest from Atlanta Gold (TSE) by spending US$2.5 million…
Atlas calls off merger talks
A proposed merger between Atlas (NYSE) and three other mining companies has been nixed. Atlas, which had proposed the merger, informed the three that it no longer wants to proceed. The companies inclu…
Arequipa acquires Peruvian company
A joint venture between Arequipa Resources (VSE) and Peruvian-based Acuarios Minera y Exploradora has culminated in a merger. Arequipa increased its interest in the Peruvian company to 100% by issuing…
Program could augment Joe Mann reserves
Positive drill results are reported from the Joe Mann copper-gold mine south of Chibougamau, Que. Owner Campbell Resources (TSE) reports that the work was carried out at the newly discovered West zone…
Echo Bay gives nod to Lamefoot deposit
A new gold deposit is set to come on stream for senior gold producer Echo Bay Mines (TSE). The Lamefoot deposit is the latest in a string of five deposits to be put into production at the Kettle River…
BHP enhancing Tanzanian deposit
A second hole drilled near the Kabanga nickel-cobalt deposit in northwestern Tanzania has confirmed the potential for a significant new zone. BHP Minerals reports that Hole 43 intersected an estimated…
Kap reaches deal with Canadian potash producers
A consortium of Canadian potash producers has agreed to participate in the Yolanda Natural Nitrates project in Chile, owned by Kap Resources (VSE). The consortium, which includes Potash Corp. of Saska…
Inco plans production push
Strong demand for nickel has Inco (TSE) planning to increase output in 1995 by some 85 million lb. to 430 million lb. Problems in Russia, at the huge Norilsk operation and with declining domestic cons…