LME WHSE LEVELS (November 23, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Nov. 17/98 (change from Nov. 10 in brackets):MetalStocks (tonnes)Change…
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PRODUCER & DEALER PRICES (November 23, 1998)
Aluminium: LME settlements US$1,296.50, alloy US$1,085 per tonne (Nov. 17/98).Antimony: Representative mid-market US$1,295 per tonne (Nov. 17/98).Bismuth: Representative mid-market US$3.20 per lb. (No…
DIAMOND PAGE — DIAMOND NEWS ROUNDUP — Arbitration delays Northbank
A dispute over compensation owed to the owner of the Northbank diamond property, operated by Trans Hex International (THI-T) in Namibia, will be taken to arbitration.The move will delay development of…
Westray tragedy mired in fresh controversy
Inquiry may have been unaware of defective methane-detectors Lawyers representing the families of some of the miners killed in the May 1992 explosion at the Westray coal mine are weighing new informat…
DIAMOND PAGE — Phoenix kimberlite proves diamondiferous
Kennecott Canada Exploration has recovered a small amount of diamonds from the Phoenix kimberlite body in northeastern Alberta. Phoenix is the first of five kimberlites discovered to date on the Legen…
Golden Star looks ahead at five best properties
Golden Star Resources (GSC-T) is changing its strategy in the face of persistently low gold prices.The Denver-based company will minimize its grassroots work in favor of focusing on five advanced proj…
Refugio mine covers Bema in red ink — But production levels, cash costs show signs of improvement
Lower-than-planned production at the Refugio gold mine in northern Chile contributed to a third-quarter loss for Bema Gold (BGO-T).The company posted a loss of US$6.8 million (or 6 cents per share) on…
OBITUARIES — Dennis Gray
Dennis Gray, chairman and chief executive officer of Antares Mining, has died of complications following surgery. He was 68.Born in Hessle, England, in 1930, Gray emigrated to South Africa in 1951 aft…
GREATEST VALUE TRADED (November 23, 1998)
ExchgVal($000s)HighLowCloseChangePlacer DomeT2621…
MOST ACTIVE ISSUES (November 23, 1998)
ExchgVol(000s)HighLowCloseChangePlacer DomeT10657…
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow flirts with 9,000 mark
The Dow Jones industrial average edged closer to the 9,000 point mark, actually surpassing that level during the report period of Nov. 11-17. The average was up 122.3 points (or 1.4%) to finish the we…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Madison, Redwood bright spots in glum market
The Vancouver Stock Exchange composite index dropped 4.12 points, or 1%, to close the Nov. 11-17 report period at 401.03. The mining index slipped below the 300 mark, falling 7.57 points, or 2.5%, to …