METAL PRICES (October 19, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateOct. 13Oct. 12Oct. 9Oct. 8…
News
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Gold rally takes a breather as base metal miners gain ground
The shine was off the precious metals this past week, with gold dropping $2.25 to US$296.60 per oz., platinum slumping $5.50 to US$340.50 per oz., palladium slipping $5 to US$276 per oz. and silver sl…
INDUSTRIAL MINERALS — Robex sells Upton barite deposit
East Coast drilling improves economics of eastern Quebec project Ten years of exploration at the Upton barite deposit near Montreal, Que., are beginning to bear fruit for owner Robex Resources (RBX-T)…
INDUSTRIAL MINERALS — Freeport Sulphur merger going ahead
In a weak market for both sulphur and hydrocarbons, Freeport Sulphur (FSC-N) has fashioned a merger with its oil-producer cousin, McMoRan Oil and Gas.The historic sulphur company, the original develop…
Royal Oak’s Kemess at commercial stage
The Kemess South gold-copper mine in north-central British Columbia has reached commercial production, Royal Oak Mines (RYO-T) reports.Construction of the mine began in July 1996, and limited producti…
Borneo Gold completes drill phase in Indonesia
Toronto-based Borneo Gold (BNO-V) has intersected two styles of gold occurrence during an initial phase of drilling on the Bunut epithermal project in West Kalimantan, Indonesia.Gold mineralization oc…
GOLD FUNDS (October 19, 1998)
Gold Funds as of October 8, 1998BGRCentralNet Value$14.606.25Price$11.80$…
LME WHSE LEVELS (October 19, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Oct. 13/98 (change from Oct. 6 in brackets):MetalStocks (tonnes)Change…
Atna drops Palmer base metal project
Atna Resources (ATN-T) has elected to back away from the Palmer base metal project in southeastern Alaska.The project was a joint venture with Rubicon Minerals (RMX-V). The two companies recently comp…
EDITORIAL & OPINION — GUEST COLUMN — A closer look at mining
Last month, I participated in the Mine Tour Program for Members of Parliament, organized by Mining Works for Canada. Through the program, I travelled to Timmins and spent an entire day touring the und…
Kennecott drilling confirms Legend kimberlite
Kennecott Canada has confirmed that the Phoenix discovery on the Legend property in northeastern Alberta is indeed kimberlite.Kennecott, a division of London-based Rio Tinto (RTP-N), made the find whi…
INDUSTRIAL MINERALS — Zemex pushes out stock dividend
Industrial minerals producer Zemex (ZMX-N) has declared a stock dividend.Shareholders of record on Oct. 19 will receive one additional share for every 50 shares held, payable on Nov. 2. Zemex has abou…