William Resources warms up printing press
On July 30, debenture-holders of William Resources (WIM-T) will vote on whether or not to convert their notes into 245 million shares and thus assume 70% of the company’s resulting equity.The proposal…
News
Newmont boosts output
Newmont Mining (NEM-N) has upped its production forecast at South America’s largest gold mine.The Denver-based company now estimates that the Yanacocha mine in northern Peru will produce 1.6 million o…
GREATEST VALUE TRADED, July 7-13, 1999
ExchgVal($000’s)HighLowCloseChangeAlcoa*N439481…
EDITORIAL & OPINION — COMMENTARY – Sales will harm African miners
Dear President Clinton,South Africa has inaugurated its second democratically elected president, Thabo Mbeki. Among the challenges he faces is the terrible shock tohis country’s economy caused by the …
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Slumping gold sinks producers
The Dow Jones industrial average posted a new high of 11,175.02 for the July 7-13 report period, with a modest climb of 39.9 points, or 0.4%.Gold companies edged downward as the price slumped to new l…
Nord sells interest in Sierra Rutile
Nord Resources (NRD-N) is selling its half-interest in Sierra Rutile, the now-dormant heavy mineral sands operation in Sierra Leone.The asset will be acquired by MIL Investments, Nord’s largest shareh…
LME WHSE LEVELS (July 19, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 13/99 (change from July 6 in brackets):MetalTonnes(tonnes)Change…
Ekati mine surpasses expectations
The Ekati diamond mine in the Northwest Territories is operating at full capacity of 250,000 carats per month, with 308,000 carats having been produced in May alone.BHP Diamonds, a subsidiary of Broke…
GOLD FUNDS (July 12, 1999)
Gold Funds as of June 30, 1999BGRCentralNet Value$13.205.49Price$9.00$5.2…
THE NORTHERN MINER — Small Producers Index (July 12, 1999)
65.89 (+1.55)
THE NORTHERN MINER — North American Mining Index (July 12, 1999)
94.45 (-1.43)
Index (July 12, 1999)
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