LME WHSE LEVELS (June 07, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at June 1/99 (change from May 25 in brackets):MetalStocks (tonnes)Change…
News
Asia Pacific strikes deal with fertilizer giant
The Asian subsidiary of Norway’s Norsk Hydro ASA (NHY-N) has reached an agreement to acquire a 20% joint-venture interest in the proposed Somboon potash mine project in northeastern Thailand.Vancouver…
GREATEST VALUE TRADED, May 26-June 1
ExchgVal($000s)HighLowCloseChangeAlcoa*N542687…
DIAMOND PAGE — Akrokeri expands plant
Toronto-based Akrokeri-Ashanti Gold Mines (AAGM-C) has expanded and relocated its processing plant at the Esaase property in Ghana, West Africa.In 1988, the company produced 35,122 oz. gold at the Bon…
Pacific Rim drilling Fantasma
Pacific Rim Mining (PFG-T) is drill-testing the Fantasma gold project in northwestern Argentina.The 2,000-metre, reverse-circulation program will test three telluric-electromagnetic anomalies. The mos…
Kinbauri Gold wins legal dispute with Iamgold
An Ontario judge has ruled in favour of Kinbauri Gold (KNBR-C) for the liability portion of the junior company’s dispute with Iamgold (IMG-T).In 1990, Kinbauri and Imagold had planned to amalgamate, b…
Companies (June 07, 1999)
Akrokeri-Ashanti Gold MinesAsia Pacific ResourcesB.Y.G. Natural ResourcesBarrick GoldBig Valley ResourcesCambiorClaude ResourcesEcho Bay MinesExplorations Minieres du NordFreewest ResourcesGeomaque Ex…
NEWS ROUNDUP — Big Valley buys dormant QR mine
An agreement with Kinross Gold (K-T) sets the stage for Big Valley Resources (BV-A) to acquire the QR gold mine and related assets near Quesnel, B.C.The $26-million open-pit mine began production in 1…
Freewest gains gold find
The acquisition of a gold skarn discovery made by a local prospector in New Brunswick provides Freewest Resources (FWR-T) with another exploration target in eastern Canada.The Montreal-based junior is…
Noranda boosts Caber resource
With a production decision imminent, Noranda (NOR-T) has tallied a new resource for the Caber massive sulphide deposit, 35 km west of Matagami, Que.The major, which is earning a 70% interest in the pr…
OBITUARY — James Sibley Hastings
James Hastings, a former vice-president of Pegasus Gold, has died. He was 73.Born into a military family in Honolulu, Hawaii, in 1925, Hastings graduated from the Georgia Military Academy before being…
Jimmy John gets slap on wrist
In what looks like the epitome of regulatory understatement, the Alberta Securities Commission has “sanctioned” Jimmy John, the former top dog at Naxos Resources (NAXOF-OTC), for issuing “misleading” …