The prospect of diminishing reserves at the Kori Kollo mine, Bolivia’s largest gold producer, has spurred Battle Mountain Gold (BMG-N) to continue exploring the area for additional deposits.The compan…
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Early in the report period Sept. 23-29, the Dow Jones industrial average jumped over 200 points. Holding more-or-less steady for the rest of the week, the average closed at 8,080.52, up 183.32 points …
Short positions outstanding at September 18, 1998Larger individual positions include:Abitibi Consolidated2,079,307, up 94,475; Alcan Aluminium 1,045,099, down 73,536; Asia Pacific Resources 255,400; B…
Aluminium: LME settlements US$1,312.50, alloy US$1,128 per tonne (Sept. 29/98).Antimony: Representative mid-market US$1,320 per tonne (Sept. 29/98).Bismuth: Representative mid-market US$3.25 per lb. (…
Two letters-of-intent pave the way for Rubicon Minerals (RMX-V) to acquire the Point Leamington massive sulphide deposit near Grand Falls, Nfld.The deposit hosts an estimated resource of 13.2 million …
Electra Gold (ELT-V) has raised sufficient funds to begin processing tailings at a Newfoundland mill owned by Ming Minerals.The project hinges on a rental agreement with Eastern Meridian Mining (EME-A…
China’s Ministry of Land and Mineral Resources has granted four gold exploration licences to the Chinese affiliate of Princess Resources (PRL-V).The affiliate, Princess Xinxiang Geological Mining, is …
Ashton Mining of Canada (ACA-T) and its partners in the Buffalo Hills joint venture have deferred construction of an on-site dense media separation (DMS) plant at their diamond project in north-centra…
At a recent auction, Inmet Mining (IMN-T) sold its wholly owned Austrian tungsten producer Wolfram Bergbau-und Hutten (WBH) to a private European holding company. In return, the Toronto-based company …
A positive tax ruling by Revenue Canada is allowing Noranda (NOR-T) to complete the divestment of its forestry and energy assets.Last year, Noranda changed its strategy by deciding to focus solely on …
Samuel Amukun, exploration manager for Northwest Explorations, has died. He was 57.Born in Ngora, in eastern Uganda, Amukum obtained a science degree at Colgate University in New York state while on a…
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