Producer and Dealer Prices (August 30, 1999)
Antimony: Mid-mkt US$1,215/t.Bismuth: Mid-mkt US$3.85/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65/t.Cobalt: Recent trades US$18.60-20.00/lb.Copper: Comex Sept. US$0.7555/lb.Indium: Ind…
News
Alta shuts down Olinghouse
Pending resolution of bankruptcy proceedings, Alta Gold (ALTAQ-O) has suspended mining at the Olinghouse gold mine, 30 miles east of Reno, Nev.The company hopes to avoid bankruptcy by selling a 40% in…
INVESTMENT COMMENTARY — Great Basin seen as classic ‘drill-hole trading play’
It has been said that only two things drive the Vancouver Stock Exchange’s resource market: the price of gold and hot drill results. With the price of gold in the dumper, junior companies not only hav…
DIAMOND PAGE — Dia Met, BHP sell Ekati rough
Partners Dia Met Minerals (DMM-T) and BHP Diamonds have entered into preliminary agreements with Denton’cho Diamonds and Arslanian Cutting Works regarding the supply of rough diamonds from the Ekati d…
Companies (August 30, 1999)
Aber ResourcesAlta GoldAsarcoAthlone MineralsAthlone ResourcesBarrick GoldBroken Hill ProprietaryCambiorChesbar ResourcesCoeur d’Alene MinesCorner Bay MineralsCyprus Amax MineralsDia Met MineralsEldor…
Barrick, Pangea drill in Tanzania
Barrick Gold (ABX-T) will conduct a 10,000-metre drill program on Pangea Goldfields’ (PGD-T) Golden Ridge property in the Kahama greenstone belt of Tanzania.The $1-million campaign will attempt to ext…
Chesbar hits more gold
Drilling and surface sampling have enabled Chesbar Resources (CBI-M) to confirm two new gold-bearing zones at its project in Venezuela’s Bolivar state.Three follow up holes were collared on the northw…
Careers (August 30, 1999)
Division ManagerWe are a leader in the design and manufacture of underground mining equipment and are looking for an individual to assist in our growth strategy as it relates to the design and marketi…
Phelps muscles in on Asarco, Cyprus
At a time when Asarco (AR-N) and Cyprus Amax Minerals (CYM-N) are completing a merger to create the world’s largest publicly traded copper company, their rival, Phelps Dodge (PD-N), has stepped…
MINING MARKETS & INVESTMENT NEWS — Eastern Markets — Golds weaken, base metals regain some strength
The Toronto Stock Exchange made solid gains during the trading period Aug.18-24, with the TSE 300 composite index up 116.79 points to close at 7,169.80 — a gain of 1.7% over the five trading days.The…
Junior drills in Carlin
Nevada Pacific Gold (NPG-V) has begun drilling on its South Carlin property in Nevada.Initial drilling will test for gold associated with the Rain structural trend, which was projected to cross throug…
LME Warehouse Levels (August 30, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Aug.24/99 (change from Aug. 17 in brackets):MetalStocks (tonnes)Change…