Partners proceed with Antamina development
As expected, Rio Algom (ROM-T), Noranda (NOR-T) and Teck (TEK-T) have affirmed that they will develop the US$2.2-billion Antamina copper-zinc project in Peru.In early September, the partners were aske…
News
MINING MARKETS & INVESTMENT NEWS – INSIDER TRADING — TVX execs let options lapse
Two executives of TVX Gold (TVX-T) have allowed several of their options in that company to expire.Eike Batista, director, let expire 2 million call options at $4.75 and was granted an equivalent numb…
MOST ACTIVE ISSUES, September 16-22
ExchgVol(000s)HighLowCloseChangePlacer DomeT10810…
TSE INDICES (September 28, 1998)
1998Sep. 22Sep. 21Sep. 18Sep. 17Sep. 16HighLowCom…
PRODUCER & DEALER PRICES (September 28, 1998)
Aluminium: LME settlements US$1,310, alloy US$1,137 per tonne (Sept.22/98).Antimony: Representative mid-market US$1,290 per tonne (Sept. 22/98).Bismuth: Representative mid-market US$3.45 per lb. (Sept…
METAL PRICES, Daily Metal Prices (September 28, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateSept. 22Sept. 21Sept. 18Sept…
Stratabound targets copper-silver at Don Indio property
Junior Stratabound Minerals (SB-A) has launched a surface and underground exploration program at the Don Indio polymetallic propertyin the northeastern Mexican state of Coahuila.The Calgary-based comp…
Argentina Gold tallies resource for Veladero project
Argentina Gold (ARP-V) has tabled preliminary resource estimates for its Veladero gold-silver project in San Juan province.The Filo Federico zone, which was defined by 15 drill holes, contains a resou…
Great Basin pursues Midas-style veins — Veining, mineralogy seen as analogous to Ken Snyder
A drilling program at the Ivanhoe property in Nevada is aimed at following up the discovery of Midas-style veining in the Valmy formation, reports Great Basin Gold (GBDG-V).The company discovered the …
MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow settles after early loss
With a dive of more than 200 points early in the report period of Sept.16-22, the Dow Jones Industrial average firmed up, showing three consecutive days of only modest gains and losses. The average st…
Summo buys Johnson Camp
Summo Minerals (SMA-T) has bought the Johnson Camp copper mine in southeastern Arizona from bankrupt Arimetco, a wholly owned subsidiary of Arimetco International, now de-listed from the Toronto Stock…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Precious, base metal stocks continue rebound
Looking for a little safety in today’s turbulent markets, investors continued to flock to mining, oil and forestry stocks during the Sept. 16-22 report period. The TSE’s gold and precious metals sub-i…