TSE INDICES (November 09, 1998)
1998Nov. 3Nov. 2Oct. 30Oct. 29Oct. 28HighLowCompo…
News
LME WHSE LEVELS (November 09, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Nov. 3/98 (change from Oct. 27 in brackets):MetalStocks (tonnes)Change…
Cyprus gains Indonesian asset
The coal division of Cyprus Amax Minerals (CYM-N) will acquire a controlling interest in the Mecfa property in East Kalimantan, Indonesia, from Nevada Manhattan Mining (NVMH-O).To earn an 85% interest…
Uranium Power expands in Canada
Colorado-based Uranium Power has signed a deal with the Canadian subsidiary of Phelps Dodge (PD-N) to pick up six uranium properties in northern Saskatchewan.The option deal will add 30,000 ha to Uran…
Studies predict low costs at Kassandra projects — Capital cost to be defrayed by EU grants
Final feasibility studies on the Kassandra projects on the Khalkidiki Peninsula of northern Greece predict low production costs for the two mines.Consulting firm Kvaerner Metals has delivered a report…
Antares to merge with Vaaldiam
A financing deal between Vaaldiam Resources (VRL-A) and Antares Mining & Exploration (ANZ-T) sets the stage for a merger.The agreement calls for Antares to buy 416,667 Vaaldiam shares at 36 cents each…
Partners expand Clearwater resource
Quebec government-owned Soquem and equal partner Eastmain Resources (ER-T) have increased the resource at the Clearwater project’s Eau Claire gold zone in Quebec’s James Bay region.Thanks to two recen…
Orko, TNR to explore Argentine properties
Orko Gold (OR-V) can acquire from TNR Resources (TRR-V) up to a 60% interest in three properties in northwestern San Juan province, Argentina.Under a proposed 4-year option, Orko can earn an initial 5…
Homestake gains ground in Argentina
Homestake Mining (HM-N) has agreed to purchase all exploration properties in southern Argentina that are held by Australian-based Western Mining Corp. (WMC).The company will pick up 900,000 acres in R…
Cameco enjoying higher revenues
Even as prices for its two major products, gold and uranium, declined, Cameco (CCO-T) posted higher revenue in the first nine months of 1998 than it did in the corresponding period of 1997.Cameco show…
IOC to reactivate Sept-Iles pellet plant
Steel markets in North America and Europe are weakening as a result of cheaply produced Asian imports. However, Australian major North Limited, confident of a long-term recovery, has announced major c…
LETTER TO THE EDITOR — QP to serve as guardians of procedure, not fall guy after the fact
As someone responsible, to a great extent, for formulating the proposed “Qualified Person” (QP) concept in the mining industry, particularly in exploration and mine development, I would like to respon…