PRODUCER & DEALER PRICES (November 09, 1998)
Aluminium: LME settlements US$1,316, alloy US$1,115 per tonne (Nov. 3/98).Antimony: Representative mid-market US$1,250 per tonne (Nov. 3/98).Bismuth: Representative mid-market US$3.15 per lb. (Nov. 3/…
News
Juniors report find at Mosomane
Large-diameter drilling by Southern Africa Minerals (SAF-T) has revealed diamonds in a kimberlite dyke on the Mosomane property, 50 km north of Gaborone, Botswana.Vertical drill holes along a 600-metr…
LETTER TO THE EDITOR — Gem studies penned by OGS geologists
I found your diamond issue (T.N.M., Oct. 26/98) full of polished prose highlighting the many facets of this new Canadian commodity.However, the item about pioneers in diamond exploration attributes se…
Marsonfontein diamond farm jump-starts SouthernEra — Diamond miner posts second consecutive profit
Commercial production at the Marsfontein diamond farm in South Africa has enabled part-owner SouthernEra Resources (SUF-T) to post its second consecutive quarterly profit.In the three months ended Sep…
Careers (November 09, 1998)
Placer Dome…
Semafo drops merger talks
A proposed merger between Semafo (SMF-T) and High Desert Mineral Resources (HDR-V) has gone off the rails.The parties were unable to reach an agreement with respect to the terms of their proposed busi…
EDITORIAL & OPINION — GEOLOGY 101 — MVT lead-zinc deposits, Part 2
Mississippi Valley-type (MVT) deposits are important producers of zinc and lead, with zinc production being dominant. Some deposits, such as that of Newfoundland Zinc Mines, have contained negligible …
EDITORIAL & OPINION — Education misstep warrants letter campaign — Save geology
We might understand if it had happened in New Jersey, or Hawaii, where little or no mining takes place. But we don’t understand why one of the most resource-rich regions of the world is shunning the d…
MINING MARKETS & INVESTMENT NEWS — Query — Some traders still short Rea Gold
I own a considerable number of shares of Rea Gold, which filed for bankruptcy last winter. In your Sept. 21 issue you stated that they shorted the gold market for 1,100,500 shares. How can they do tha…
TNK adds ground in Botswana
Toronto-based TNK Resources (TNKR-C) has secured a 3-year prospecting licence contiguous to its Gope diamond prospect in Botswana. The ground was relinquished by De Beers Consolidated Mines (DBRS-Q) i…
MINING MARKETS & INVESTMENT NEWS — Mining executives partake of light trading
Recent insider trading transactions reported in the Ontario Securities Commission’s OSC Bulletin include the following:Black Hawk Mining (BHK-T) — Pastor Torres Gurdian, executive of an affiliated co…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Toronto Stock Exchange rallies while gold slips
The good news: the Toronto Stock Exchange 300 index climbed 299.37 points during the report period Oct. 28-Nov. 3, to end the week at 6,296.51. The bad news: gold was devalued once again, dropping US$…