Anglogold, Iamgold explore in Ecuador
Anglogold (AU-N) has signed a joint-venture agreement with Iamgold (IMG-T) to explore for gold in southern Ecuador.The agreement covers a 300-by-100-km area in which Iamgold has applied for 110 conces…
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LETTER TO THE EDITOR — Junk dealers
You referred to the US$427-million issue of Anaconda Nickel in 1997 as being the first junk bond issue in U.S. capital markets for a large-scale mining project (“Anglo American buys into Aussie nickel…
EDITORIAL & OPINION — An industry in transition — Chasing the copper crown
Experts have been talking about mining industry consolidation for so long that the arrival of those aspiring to be king of their respective mountains seems almost anti-climactic. The pace of consolida…
Pentland tests Montclerg
An 8-hole drilling program on the Pipestone Lake fault, northeast of Timmins, has returned results that operator Pentland Firth Ventures (PFO-T) describes as “encouraging.”The drill program, mounted o…
PRODUCER & DEALER PRICES (September 13, 1999)
Antimony: Mid-mkt US$1,210/t.Bismuth: Mid-mkt US$4.05/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65/t.Cobalt: Recent trades US$18.60-20.50/lb.Copper: Comex Dec. US$0.8265/lb.Indium: Indi…
LME WHSE LEVELS (September 13, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 7/99 (change from Aug. 31 in brackets):MetalStocks(tonnes)Change…
Downhill for Hillsborough
Past losses have caught up to Hillsborough Resources (HLB-T) and its 63%-owned Quinsam Coal division, both of which recently filed for bankruptcy protection.Hillsborough lost $700,000 (4 cents per sha…
Careers (September 13, 1999)
CambiorExploring New Horizons…Cambior is an international diversified gold metal producer with operations and projects throughout the Americas. Despite weak gold and metal markets, Cambior’s growth …
MINING MARKETS & INVESTMENT NEWS — Nelson hit with quarterly loss
Low gold prices are taking their toll on Nelson Gold (NLG-T), a London-based company that produces the yellow metal through a 44% stake in the Jilau mine in Tajikistan.In the 3-month period ended June…
NDT Ventures sets sights on ground in Argentina
Junior NDT Ventures (NDE-V) has staked two concessions in the Cordon de Esquel region of Chubut province in south-central Argentina.The two concessions, Magma 1 and 2, comprise a total of 5,000 ha and…
Canabrava, Paramount await licence
The Rio Do Sono alluvial diamond project in Brazil is nearing production, report partners Canabrava Diamond (CNB-V) and Paramount Ventures and Finance (PVF-V).The 15,000-ha property, 300 km south of B…
South Atlantic options Masa
South Atlantic Resources (SCQ-V) has an option to lease the Inga group’s Masa zinc mine in Brazil.The mine, with an independently estimated resource of 4.9 million tonnes averaging 18% zinc, has produ…