LME WHSE LEVELS (February 01, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan. 19/99 (change from Jan. 12 in brackets):MetalStocks (tonnes)Change…
News
TSE SHORTS (February 01, 1999)
Short positions outstanding at January 15, 1999Larger individual positions include:Abitibi-Consolidated 506,921, down 422,579; Alcan Aluminium 700,662, down 361,388; Anderson Exploration 204,890, up 1…
Kolwezi tailings convention signed in DRC
The Kolwezi tailings project in the copper belt region of the Democratic Republic of Congo (DRC) appears to be inching closer to production. America Mineral Fields (AMZ-T) and Anglo American of South …
Azco options Malian ground
Azco Mining (AZC-T) has enlisted the aid of South African mining house Randgold Resources in exploring the Medinandi and Dandoko gold properties in western Mali.The major can earn a 60% interest in bo…
MINING MARKETS & INVESTMENT NEWS – U.S. MARKETS — Dow stable after mid-week dip
The Dow Jones industrial average dipped more than 200 points during the report period Jan. 20-26, though it recovered most of the loss in the last two days. The average finished down 30.64 points, or …
Sunshine boosts production forecast
Exploration at the Sunshine silver mine in northern Idaho has enabled Sunshine Mining & Refining (SSC-N) to increase production estimates to more than 5.2 million oz. in both 1999 and 2000. The previo…
AFRICA — Channel poised for busy year
Having fended off a hostile takeover bid by Etruscan Resources (EET-T) last summer, Channel Resources (GEYE-C) intends to continue work on its mineral properties in Burkina Faso, with some help from P…
DIAMOND PAGE — CORRECTION (January 25, 1999)
A report in our Dec. 28/98-Jan. 3/99 issue included incorrect information on the ownership of the Rosia Montana property in Bulgaria.The property is wholly owned by Bulgarian-based Euro Gold. Gabriel …
Index (January 25, 1999)
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Barrick sweetens takeover bid — Hot holes at Argentina Gold’s Veladero project attract attention
Barrick Gold (ABX-T) has increased its cash takeover bid to $5 per share for Argentina Gold (ARP-V), following a report that the junior struck gold at the new Amable North target on its Veladero prope…
PEOPLE – Panther
Gordon House elected director. Russel Goodwin appointed president. Edward Renyk appointed secretary.
PEOPLE – Zorin
John Bolter appointed director.